David Cole
David Cole
opportunity refresh
It's really an opportunity to refresh the organization,
agreement both expect gm people point sides talked target
I have talked to the GM people and they feel they have come to a point where they can put an agreement together. I think both sides expect they will have something, and the target is the announcement of earnings.
pricing small type
In a small vehicle, pricing is a pretty dicey type of thing.
business certainly reality talking today
I'm certainly not shocked, ... because the reality of the business world today is that anything can happen, everyone is talking to everyone else.
additional gives
They've really outgrown their Georgetown facility. This gives them a little additional capacity.
alignment capacity create sales
They've got to create alignment between capacity and sales volume.
benefit certainly chance competitor cuts enter factory field hot incentives lose maybe move price stay volume
There's the thought that if this is going to be so hot, why not price it higher? But if you do, maybe you lose volume and it doesn't stay hot as long, or you have to move to incentives and price cuts sooner, or you give a competitor a chance to enter the field sooner. The dealers certainly are making money. But the factory doesn't benefit from that.
add average cost costs dollars easier killer less number players structure trying
The new players have a cost structure that is on the average of about 2,500 dollars less a vehicle. That's a killer number when you're trying to get competitive. It's a lot easier to add costs than to take out costs.
competitor cost save
If you can save $5 on a transaction that used to cost $10, you'll do it, even if your competitor is going to make $1.
criminal faced fairly obtained record
If you look at their record in the criminal context, they have obtained some convictions but they have also faced some fairly significant defeats.
buying car customer walk
If you've got a customer in a car dealership, you don't want them to walk out without buying something.
believe job labor mean position strong supportive
I can't believe he'd make an announcement of that without labor being supportive of it. They (the union) are in a position where they are very vulnerable. Without strong employers, their job protections don't mean anything.
operating people shut
If you take too many people out from an operating plant, you can shut it down. This has to be managed very carefully.
against challenge courts credible enforced fear government practice program recognized
The courts have long recognized that you can challenge a government practice or a program even if it has never been enforced against you, if you have a credible fear that it will be used against you.