4 Quotes by Michael Pak

They beat our top line assumptions. We had the strong build rates, but the overall mix, with the low fleet sales, meant the quality of those revenues were underestimated.

The truck numbers are down, but I don't think the market will be worried about that too much given the pipeline of new (truck) products from Ford due very soon. Should the trend for Ford continue, as these new truck products get launched, then the market would be more concerned.

The climate of discounting is very much here, and I would expect it to increase as we head in to selling spring season. In the case of GM, inventories are sort of high and the pressure to increase market share means they should be leading discounting charge.

The financial results in '99 were pretty good, but there's a lot of questions about how they can keep the momentum going.