John Casesa Quotes

"GM is going in the right direction, but it is not getting better as fast as the competition is getting better."

"The UAW doesn't want to solve GM's cost problem if management can't solve its revenue problem."

"The massive cuts reflect high inventory levels, falling new vehicle sales and a shift in automaker tactics from price cuts to production cuts,"

"Its easier for outsiders to be hard-nosed with the former parents of these companies. They're simply less bound by the fairly long, shared history."

"We were surprised that GM said that it does not plan to reduce permanently assembly capacity in North America to reflect the Olds phase-out. GM's restructuring, especially its discontinuance of the Olds brand, is undeniably a step in the right direction. However, the costs of these actions are much more visible than their ongoing benefits right now. We anxiously await follow-up actions."

"Car buying is influenced by consumer confidence. And confidence varies month to month but on a trend basis, it is down a lot in the last year, year-and-a-half. And my own view, unless it bounces back and unless history is wrong, we're going to really struggle to get these buyers in next year because they're just not as confident about the future to make a big ticket purchase as they were six months or a year ago."

"The UAW doesn't want to solve GM's cost problem if management can't solve its revenue problem,"

"GM's sales have declined year-over-year in nine of the last 12 months, saved only by the employee pricing campaign this summer."

"The pressure on GM management is greater than ever ... to adopt a more aggressive turnaround strategy."

"The only bright spot left this year could be December, which is typically driven by year-end sales campaigns."

"The ripple effect on GM supplies is profound. GM represents anywhere between 15 and 20 percent of the sales of most big supplies, so these are lost sales and lost profits. And you'll see it in their second quarter results."

"GM likely doesn't have enough inventory to maintain a strong sales pace."

"I think the auto industry and the economy at large are inseparable,"

"We were surprised that GM said that it does not plan to reduce permanently assembly capacity in North America to reflect the Olds phase-out, ... GM's restructuring, especially its discontinuance of the Olds brand, is undeniably a step in the right direction. However, the costs of these actions are much more visible than their ongoing benefits right now.  We anxiously await follow-up actions."