Michael Ward People 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.

Years ago it used to be people would keep a car three years and say 'time to trade up.' Now seven to 10 years is pretty much the norm. Prices are expensive. People are using money on other things.

On down days, when people were selling out of technology, they were looking at the natural resources sector and other basic industries, ... The oil service stocks had a few really good days.

There is room for a lot of growth, and I'm proud to be a part of that, ... The living environment is very different, but the people here are very opening and inviting.

There's a lot of scared people in Detroit right now. GM and Ford are both chasing the ball downhill. They cut plants, they get tension with the unions, they lose market share. They cut more plants, they get more tension with the unions, they lose more market share. And so on.