Michael Ward Auto Quotations

GM is the most vertically integrated auto manufacturer in the world, and some people blame that, or attribute at least part of the blame of GM's cost structure to its internal components operation.

The performance is too good to be true. The auto business simply doesn't change that quickly.

Ford didn't give much substance on the call in terms of what the market was looking for. Everybody knows the auto industry in North America is in bad shape, and Ford didn't disappoint in that regard. The earnings stunk.