Surprisingly, the main driver of the upside of the quarter was Ford's automotive operations.

We believe that investors should be offered a higher yield than just 4.5 percent for a risky investment in GM stock.

A lot of these areas most affected were in pretty bad shape before the hurricane.

It almost appears as if GM resents its dealers for making money.

We believe the shareholders of GM would be much better off holding on to the tangible value of a dividend for as long as possible, or until they receive something of material value in return.

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If the parties feel they have made sufficient progress on talks, the deadline could be extended, but this could go on in perpetuity if a hard deadline is not forced.

In the noise surrounding York's election to the Board, the dividend cut, and the new actions, these important wild cards have gotten lost in the shuffle.

Surprisingly, the main driver of the upside in the quarter was Ford's automotive operations, which posted a pretax loss of $12 million, much better than our forecast for a loss of $910 million. Within automotive, North America accounted for the majority of the upside.