6 Quotes by Nick Lobaccaro

Based on the billion people in China, and the likely hitting of middle class status for hundreds of millions of people over the next several years, GM wants to be there early, establish a brand equity early. And their ambitions are to be a major player in China for the long term.

GM clearly benefited from the industry volumes being on the high side. We expect things to be on a brisk pace, but think Ford may be better positioned for the long term.

We think it (DaimlerChrysler) is a dead money stock for quite a while.

There's a deep Chrysler team that helped the company -- it wasn't just him -- but he's very, very highly regarded, certainly considered among the top auto executives in the world. So it is a question, why can't you have a role for perhaps one of the most talented guys in the industry?

Ford is trading at eight times earnings while DaimlerChrysler is at 12 times earnings. We think Ford has a strong and stable management team while we're seeing turmoil at DaimlerChrysler. And Ford is increasingly investing in products that make a lot of money, whereas Daimler is beginning to try to make vehicles that don't tend to make a lot of money.

They will make up at least 70 percent of those losses by the end of the first quarter next year, unless there is another strike.