David Cole
David Cole
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Details are still being worked out, but the point is that we're turning this disappointing situation into a positive new program that will benefit Rutgers as a whole. We hope that by setting up a committee of members of the University community who would interview potential nominees for the Rutgers Board of Governors and advise the governor on which candidates are most friendly to Rutgers, we can encourage greater communication between the state and Rutgers.
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Millions of people enjoy the programmed content that MSN.com offers and we will continue to deliver that experience, ... Users also want more flexibility in creating a personalized experience with access to customized content and communications. That's what Windows Live delivers.
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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.
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It's sort of like giving yourself a great big garage.
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It's sort of a critical ingredient. It's like when you mix eight or 10 chemicals and nothing happens. Then you drop this in and all of a sudden, boom, you get an explosion.
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Every one of the Big Three faces a problem right now of about $2,000 to $2,500 per vehicle produced cost disadvantage. If that plays out over time, they're all dead. It's change or die. Everything is driven by a profitable business. If you can't be profitable, you can't be in business. That is, I think, recognition that everybody is aware of.
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The average costs of an active employee is $130,000 a year, and the average cost for a retiree before Medicare is about $50,000. The savings are enormous.
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The bad news certainly isn't going to end for a while.
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The auto industry of the future will be a younger and more educated workforce. High-paying jobs for educated workers are not going away.
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They've really outgrown their Georgetown facility. This gives them a little additional capacity.
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They've got to create alignment between capacity and sales volume.
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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.
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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.
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It's really an opportunity to refresh the organization,