John Devine
John Devine
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.
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.
bad earnings great quarter relative volume
It's not a great quarter from an earnings standpoint, but relative to the volume adjustment, we think not a bad one.
cost cutting growing looked tough
The cost reductions we've looked at are very tough to achieve. We're not doing it by cutting and slashing the business. We're growing it, doing the right things strategically and we're still getting the cost out.
clear data stronger
It's clear from the data we're getting the disadvantage of some stronger headwinds,
change continue heart major number obviously parts private system today
The private entrepreneur who is the heart of our system today will continue in the future. I don't think that's going to change. But there is obviously going to be a major change in a number of the parts of distribution.
boom business expect mortgage
We expect some slowdown in the mortgage business as the refinance boom fades,
beyond cognitive far kids students teacher thinking worried
We need to go far beyond just teacher interaction with students on a cognitive level. We need to know what the kids are fantasizing, what they're thinking about, what they're worried about.
best general obviously
Delphi is very important to us, and we obviously want to be as constructive as we can. That said, we obviously are going to do what's best for General Motors.
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,
Probably by the end of the year, you'll see a charge. We are working on the program. It will happen.
work
If they want it so badly, let them do a little work for it,
advantage anybody certainly consumer good looking quarter
Certainly the first quarter was better than anybody expected, but we're still looking for a very good year, ... The consumer is king right now and we're going to take advantage of that.
outcome stand
As we stand today, we don't know what the outcome is for Delphi, that's their call,