David Healy Last Quotations

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.

With GM, I think overall you'll be looking at a 9 percent increase in October this year versus October last year in GM's light truck sales, and I think that their SUV sales will show an increase at least that big year over year. That's the good news.

They're starting to act like a company that burned through $7 billion in cash last year.

This is a young, up-and-coming team and there is hope for the future. Of course the last two results have been disappointing but there is plenty to build on.

Despite concerns that the current sales weakness represents a new recession in vehicle sales, we believe that the explanation continues to be payback for last summer's excesses,

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

I don't think there's any sector- or stock-specific news that is moving these stocks today. The gains you're seeing are a reaction to the steep drop these stocks have taken of late and the recovery the shares have seen for the last few sessions. It's pretty much a group recovery.