John Casesa
John Casesa
decrease driven driving earnings fell fleet gm impact improvement increase late light lower mix negative north performance pricing remains results richer truck trucks
These results are reminiscent of Ford's late 1990's performance -- driving earnings improvement with a richer truck mix, ... GM remains market-share driven and its North American pricing fell 1.0 percent. Fortunately, it was able to increase its mix of light trucks and decrease its fleet sales, offsetting partially the negative impact of lower prices.
anywhere effect gm lost percent quarter represents ripple sales second supplies
The ripple effect on GM supplies is profound. GM represents anywhere between 15 and 20 percent of the sales of most big supplies, so these are lost sales and lost profits. And you'll see it in their second quarter results.
adopt aggressive gm greater management pressure turnaround
The pressure on GM management is greater than ever ... to adopt a more aggressive turnaround strategy.
achieve asia costs cutting essential gm growth mix north profitable
Capitalizing on growth in Asia through Daewoo is essential if GM is to achieve a profitable mix of businesses. They can't do it by just cutting costs in North America.
change gm heightens hiring inside major signals strategy
Lutz's hiring signals the possibility of a renaissance at GM and heightens our sensitivity to the possibility of more constructive change, ... This is a major change in strategy for GM, which has historically relied heavily on inside promotions.
actions america assembly await benefits capacity costs gm north ongoing plan reduce reflect step surprised visible
We were surprised that GM said that it does not plan to reduce permanently assembly capacity in North America to reflect the Olds phase-out, ... GM's restructuring, especially its discontinuance of the Olds brand, is undeniably a step in the right direction. However, the costs of these actions are much more visible than their ongoing benefits right now. We anxiously await follow-up actions.
action extent gm influence takes urgency
To the extent that GM takes any action to get more competitive, that has to influence the urgency of Ford's strategy.
ford gm race
Ford and GM are now in a race to shrink.
apart companies effect gm likely looks separate worth
It looks increasingly likely to us that GM will effect some kind of a transaction that will separate these two businesses. These two companies will be worth more apart than they are together.
beginning boost ford gm incentives november programs seems slow
It seems that November got off to an excruciatingly slow start, with new incentives programs from Ford and GM just now beginning to boost showroom traffic.
best car costs example far gm less money quality user
It's an example of the best GM can do. The car costs less money to make than the old one. It's faster, handles better, has far better quality and is much more user friendly.
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.