“It's obvious to everybody what is necessary and what has to get done, ... What is less obvious is whether or not the company itself has the intestinal fortitude to do it and whether they have the bench strength to do it.”
“(GM and Ford) have now sucked up all of the available customers through year-end with their employee pricing scheme. And with gasoline, even though it has come down from its highs, at current prices people are sufficiently concerned about heating their homes and putting gas in their car that they're going to buy more sensibly, and they're not going to buy big sport utility vehicles.”
“It seems like the rest of the world has figured it out. When are they going to figure it out? When are they going to declare a crisis and start running a company as though it is in a crisis?”
“These were people who grew up inside those companies. They had to have a degree of loyalty to continually provide components at what would be a money losing proposition for them.”