Maybe not a lot, but whatever the savings it will help the bottom line.
The Firestone tire recall is clearly a fluid situation, with events unfolding at a rapid pace.
Even though they'll be value priced, they'll still carry hefty profit margins. They'll have better fuel economy and should do well. The market will be smaller, but it's still a big market.
[Sales of SUVs especially] have been taking it on the chin, ... That phenomenon has pretty much run its course. They powered the industry for close to 10 years.
While we are not bullish on the outlook for GM's auto business, we believe the worse it gets, the sooner Hughes will be divested.
I think people are adjusting mentally to higher fuel prices.
They represent a big bet and are their bread-and-butter vehicles.
It's going to be a tough year.
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