Paul Ballew
Paul Ballew
announce changes production
We're not going to announce any production changes in this call,
automatic bit cars cd change expensive low options quite seen small unusual vehicles
We've seen quite a bit of that 'richening,' even with low (priced) cars. If you look at vehicles now, it's not unusual for small cars to have stackable CD changers or satellite. It's quite a change from old beer-can-on-wheels day when the least expensive cars had no options -- no air, not even an automatic transmission.
automatic bit cars cd change expensive low options quite seen small unusual vehicles
We've seen quite a bit of that 'richening,' even with low (priced) cars, ... If you look at vehicles now, it's not unusual for small cars to have stackable CD changers or satellite. It's quite a change from old beer-can-on-wheels day when the least expensive cars had no options -- no air, not even an automatic transmission.
behavior cannot change consumer evidence
We look at this every which way and we really cannot find evidence of some seismic change in consumer behavior,
arms breath deep
It's something to monitor. Let's just take a deep breath and get our arms around it.
aggressive industry pressure remain
Everyone is going to remain aggressive in the marketplace, ... ...I think the industry as a whole is just grappling with pressure on pricing.
accept complicate entitled everybody
Everybody is entitled to play this game. We accept it for what it is, but it does complicate some of the things we're doing.
below somewhat
That is somewhat below what we were anticipating.
compelling conclude consumers course diversity interest lost offers rate run side
Not all consumers want an interest rate or a contract. We'll get a little more diversity going forward. But I wouldn't conclude that compelling offers on the interest rate side have run their course and lost effectiveness in the marketplace.
anytime degree economic economy high industry looking prelude prospect shown soft suffer talking
Anytime you're looking at the prospect for a soft landing, there's going to be uncertainty and risks. If what we're talking about is a prelude to an economic downturn, the industry will suffer over a two-to-three-year time. But the economy has shown a high degree of resiliency.
offset varies
It varies by category, but it's a significant offset in many cases.
continue deliver good inform message people
We have to continue to deliver our message to inform people just how good we are.
coming hopefully
What's going to be coming to G.M. hopefully through this process, will be a leaner and more competitive manufacturer.
breaking certainly economy fuel regard
We are breaking all new ground, certainly with regard to fuel economy and safety.