John Devine
John Devine
clear data stronger
It's clear from the data we're getting the disadvantage of some stronger headwinds,
good reach start sustain work
It's a good start on the $10 number, but we have a lot of work to do to reach it and then sustain it,
business financial good level pleased quarter record services work
It's a good quarter. Good progress. We're not at a level yet in the automotive business that we're pleased with, so we have a lot of work to do. But we had another record quarter in financial services and a record year.
clear drop fit plans product
We have product and distribution plans to fit each of those brands, ... I know there's a lot of speculation about what we're doing and that's fine. But I want to be clear we do not have plans to drop any brands.
absolutely
There are things we can do. We did one of those today. Is that enough long term? Absolutely not,
plan
very challenging, but we plan to get it done.
believe company growth opportunity
We still believe in growth of the market. We still believe we're going to need our capacity, ... This is still a very important opportunity for the company and we don't want to be slow.
outcome stand
As we stand today, we don't know what the outcome is for Delphi, that's their call,
business obviously respect
This is Delphi's business and it's their call. We respect that. Delphi is very important to us. We obviously want to be as constructive as we can. That said, we're obviously going to do what's right for GM,
above company inside maintain outside signal
It is just above breakeven, but we think it's an important signal inside the company and outside the company that we were able to maintain automotive profitability,
year
Overall, 2002 will be a very challenging year for the industry,
candidate candidates class forward looking sleeves taking
Robbie is a first class candidate and we are looking forward to him getting his sleeves rolled up and taking on the other candidates on the issues.
allow balance business came confidence degree despite gm half high intense inventory levels maintain production rates reasonably stable volatility
GM has a high degree of confidence in the business despite the volatility in the marketplace and the intense competitive environment, ... GM's inventory levels came down significantly during the first half and are now at appropriate levels. This should allow us to maintain reasonably stable production rates for the balance of the year.
cash clearly flow pensions planned
Clearly we are going to have to put more of our operational cash flow into pensions than we'd like or we had planned earlier,