Rod Lache
Rod Lache
betting deal few gambling given note players pull relatively scale seems size
We would note that given the size of GM, there are relatively few players that could pull such a deal off. Consequently, betting on a takeover of this scale seems to us to be more like gambling than investing.
acute concern earnings result
This result underscores our concern about GM's earnings concentration, which may be even more acute than we have estimated.
bankruptcy believe borrowing chapter combined compel financing given obtaining outlook possession pressure pursue secured successful sufficient weak
We believe liquidity pressures, combined with a weak fundamental outlook could compel Dana to pursue debtor in possession financing and a Chapter 11 reorganization. Given restrictions on secured borrowing and pressure from its suppliers, Dana may not be successful in obtaining sufficient out of bankruptcy secured bank financing.
brand feeling support
My feeling is that it (the Firestone brand) is irreparably damaged. I don't see how or why they would try to support the brand when they have a better brand (Bridgestone) that is unscathed by this news.
brand feeling support
My feeling is that it (the Firestone brand) is irreparably damaged, ... I don't see how or why they would try to support the brand when they have a better brand (Bridgestone) that is unscathed by this news.
argument change gm legitimate primary reason thinking
The primary reason for our change of thinking is that there may be a legitimate argument that GM and the UAW would be better off if Delphi files.
brand content equity higher means price putting reinforce vehicles
When you can price much higher that means you can put a lot more content into the vehicles and can reinforce that brand equity by putting out exceptional products.
activity asian critical japan mass percent strongly
It doesn't give them the critical mass they need in Japan or any other Asian market. They want to have 25 percent of the Asian market. It's very strongly implied there will be more m&a activity in the market.
car companies cost good hottest korea largest low market might move network platform single sixth small
Korea is the sixth largest car market in the world, and companies need the distribution network that Daewoo has. It also is a good platform with its low cost small car to move into China. It might not be the hottest one at the dance, but it's the only single one.
internet less move news people smart
I think it's a smart move because it's less deceptive. People who are going on the Internet can get the right news up front.
almost conveying distance ford good impossible job obviously responsive themselves
I think it's almost impossible for Ford to distance themselves from the problem, but I think they've done a very good job conveying responsiveness to the U.S. consumer, obviously being more responsive than Firestone has.
allow bank believe company deal financing head industry obtain secured small specific struggling weather
We believe that Dana is struggling to obtain secured bank financing and a bank deal may not materialize, or if it does, it may be too small to allow Dana to weather company specific and industry head winds.
beyond cash concerns continue current limited market ongoing savings share targeted
We continue to be disappointed by the limited cash savings targeted by current restructuring efforts. Our concerns go beyond the ongoing market share erosion, uncertainty over the GMAC sale, and uncertainty over (parts supplier) Delphi.
achieving cars introduced price problem quickly rather vehicles
The problem with a lot of cars introduced is achieving differentiation. Most new vehicles rather quickly have to have price concessions. This thing is very unique.