25 Quotes by Rod Lache

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.

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.

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.

This result underscores our concern about GM's earnings concentration, which may be even more acute than we have estimated.

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.

Customers are unsure of what supplier pricing is, but they are assuming correctly that it is not as good as employee pricing.

They've been telling us explicitly that they haven't decided on what their small car strategy is going to be, ... But they said their discussions with Fiat have not been on the basis of a merger, and that PSA is still their preferred partner.

It seems pretty far-fetched to me that this thing would go into a confrontation given that at least some progress has been made and everybody's incentive to get this over the finish line.

Ford's North American operating business model continues to deteriorate,