John Casesa
John Casesa
airlines companies difficult environment expect industries involved radical undergone volatile
Like steel, textiles, airlines and other American industries that have undergone radical restructurings, ... we expect an increasingly volatile and difficult environment for the companies involved and for their shareholders.
auto beginning cost economy hit increase industry inevitable large money slow ticket
I think the auto industry and the economy at large are inseparable. An increase in the cost of money is going to slow down big ticket purchases, and it's inevitable that is going to hit auto sales. I think that's what we're beginning to see in May.
auto economy economy-and-economics industry large
I think the auto industry and the economy at large are inseparable,
campaign declined employee last nine pricing sales saved
GM's sales have declined year-over-year in nine of the last 12 months, saved only by the employee pricing campaign this summer.
ability dependent growth identify labor market responding segments speed success
GM's competitiveness is not only dependent upon labor costs, but also on the speed of its decision-making, its success in responding to the market appropriately and its ability to identify the growth segments in the market.
bonus car cash eventually gm happened host inventory likely losing maintain program sales strong
GM likely doesn't have enough inventory to maintain a strong sales pace. And inevitably, the employee-pricing program is losing its effectiveness, as eventually happened to zero-percent financing, hot-button bonus cash programs, talk-show host car giveaways and other promotions.
gm inventory likely maintain sales strong
GM likely doesn't have enough inventory to maintain a strong sales pace.
competition fast gm
GM is going in the right direction, but it is not getting better as fast as the competition is getting better.
almost derived earnings european gm third
GM historically has derived almost a third of its earnings from the European business. It didn't do that in this quarter.
calls care gm health including
GM has many calls on its cash, including pensions, retiree health care and Fiat's put option,
filing gm happen point rather results sooner
GM and the UAW will collide at some point as the company's results worsen, ... The Delphi filing suggests that it will happen sooner rather than later.
company continues earnings four likelihood lose maybe next production reduce replace settled strike three
If the strike continues through the end of October, the company will lose units of production that it can't replace in this quarter, and that will reduce the earnings outlook. The likelihood is that this strike will be settled soon, in the next three to four days, maybe in week.
auto business demand enormous extra plants pressure primary reason returns supply
There is enormous pressure for consolidation in the auto industry, ... There is way more supply than demand -- at least 40 extra plants around the world -- and that's the primary reason the returns in the business are crummy.
conditions enormous faced ford gm peer pick pressure
There is enormous peer pressure because Ford faced essentially the same conditions as GM does now back in the '80s, ... pick up the pace.