David Healy Gm Quotations

One of the necessities of the restructuring program is to downsize. GM has too many plants, too many people, and too many models.

On paper, it could make GM more efficient, but what may work in terms of an engine may not work in terms of styling,

October was even better than I expected. Cars are cheaper, GM is back from the strike, and despite what's happening in the stock market, consumer confidence levels are high.

Fundamentally speaking, GM has enough capacity to service one-third of the American vehicle business, but they only have about a quarter of it right now.

GM had an unusually weak November a year ago. It made a big push in December last year, a big push in the summer, and November was kind of a lull.

GM has to solve its problems (in the United States) before it can be profitable again. China is not going to bail out the company.

GM is losing market share overall, but mostly because of its fleet sales. GM's sales to actual retail customers were up a bit in February, so its total market share is down, but in the units that really count, the results weren't that bad.

GM would be advised to give him that board seat before he makes more trouble and becomes more of a nuisance,

If it wasn't GM in crisis mode and the whole feeding frenzy going on in the media, a small restatement like this wouldn't get any attention.

I still think it's unlikely, ... I think GM has the liquidity it needs. In addition to the cash, it has $50 billion in untapped borrowing.

I think there will be a strike, but a short one. But any Delphi strike would shut down GM totally in a matter of days.

I think GM's numbers will be close to 9.1 million to 9.2 million vehicles in 2006 thanks to its strength in the Asia-Pacific market. It's likely that Toyota will pass GM in volume worldwide, but I don't think it's going to happen in 2006.

I think the losses at Ford and GM are at their maximum right now. If I'm right, and it becomes clear the losses are shrinking, the stocks may act a little better. But I'm not convinced enough right now to buy them myself.

I think they will cut the dividend today. They should say something about the dividend one way or the other. Financially, GM shouldn't be paying any dividends at all.

It goes to the 'equality of sacrifice' principle embraced by the union. It may make it easier for GM to get concessions from the rank and file.

You have to admire them. Even with $4,000 in incentives, they're still making money...You compare that with how GM and Ford are doing in North America, and you have to give them a medal.

We can wait to see what happens, but perhaps he's bitten off more than he can chew, ... They've used the value of Hughes effectively to benefit other shareholders. I don't think there's any consensus among analysts that GM is forgetting about shareholders and should be taken over by raiders.

What GM is talking about in my book are not hybrids. These are trucks with humongous starter motors.

Detroit was an island surrounded by prosperity this year. The big SUV sales collapsed and did a number on their profitability. Both GM and Ford will lose a little market share in 2006, but not at the rate of 2005.

(Delphi) is one of the chief things that was holding GM up and causing fears of bankruptcy. On Broad and Wall there's a collective sigh of relief.

In the light of the fact that GM burned through $7bn in cash last year, it was clear additional urgent action was required.

They've got some interesting new stuff coming out. They're going to continue to do better than GM and Ford in North America, but I think there'll be a squeeze on their earnings.

Anybody who was surprised by GM cutting its dividend hasn't been on this planet.

The fight between Delphi and the union is scaring people about a strike shutting down GM. There's been a lot of piling on GM in the media, too.

It's one of the reasons why GM will lose less money in 2006.

A strike would be moot unless they waited until GM was back in production after the Flint strikes. If they went down now, who would care? It wouldn't mean anything.

That increase to me suggests that the three-way negotiations among the auto workers union, Delphi and GM are progressing.

It's more trouble for the suppliers. Partly, it's a reflection of the fact that Ford and GM are shrinking to reckon with lower market share. And so there's less business to go around for the suppliers.

The job cuts will ultimately generate considerable cost savings if GM is smart enough to fire the right people and keep the right ones.