Efraim Levy
Efraim Levy
challenges competition executing plan room somewhere stand start terms
There is always room for more. There are always challenges in terms of executing on plan and the competition doesn't stand still. They have to start somewhere and this is their base.
again backdrop believes crossover despite employment equity face favorable financing foreign gas high higher impact increased large lose low luxury margin market negatively prices relatively research result results rising sales second share standard utility vehicle vehicles
Despite a favorable backdrop of relatively high employment and low financing rates, U.S. automakers, in our opinion, will collectively lose market share to foreign manufacture again in 2006, particularly in the luxury vehicle category. Additionally, Standard & Poor's Equity Research believes the U.S. will face margin compression on two fronts, the first as a result of higher retiree and health-care costs. The second results from a combination of rising gas prices and increased sales of crossover utility vehicles which will negatively impact sales of higher margin large SUVs.
beyond damaging goes potential stops strike
We think the potential for a strike is low, especially for a really damaging one that goes beyond a day or two and stops production.
critical issues pay worker
Unfortunately, critical issues such as hourly worker pay concessions have yet to be resolved.
incentives might people qualify
There are not so many people that can actually qualify for zero-percent financing. But the incentives get them into the dealership, where they might get something else.
ongoing sales
If they don't get their sales up, it's not going to be enough. There is going to be ongoing restructuring.
punch showing signs
Signs in the marketplace are showing it is not having the punch that it once had,
concerns definitely looking management optimistic
Management is typically an optimistic group. That's definitely one of the concerns I'm looking at right now.
added aggressive believe benefits bottom cost cuts design faster financial help improve meet objectives performance plans refreshing rest technology vehicle
We think (Ford) plans to be more aggressive with design and technology in its vehicles, to be faster in the refreshing of its vehicle lineup and to make added cost cuts that will help improve financial performance over the rest of the decade. However, we do not believe the restructuring will meet all of Ford's objectives and we think that not all benefits will accrue to the bottom line.
assume auto companies less pay
When they make their contracts, the auto suppliers now assume that auto companies will pay less each year.
believe benefits bottom meet objectives
We do not believe the restructuring will meet all of Ford's objectives and we think that not all benefits will accrue to the bottom line.
believe benefits bottom meet
We do not believe the restructuring will meet all of Ford's objectives, and we think that not all benefits will accrue to the bottom line.
auto common concern further greater increased likely might perception
There is likely a greater concern about further bankruptcies in the industry. The more common bankruptcies at auto suppliers become, the increased perception that one of the automakers might go that route.
concern further greater likely
There is likely a greater concern about further bankruptcies in the industry.