KT
Kevin Tynan
51quotes
Quotes by Kevin Tynan
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All of a sudden we are paying $3 at the pump and SUVs are falling out of fashion. Delphi feels that pinch just as much as General Motors.
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You've got three different parties here -- GM, Delphi and the UAW -- trying to figure out what GM's obligation is, ... GM could be on the hook for a lot of those UAW workers, but it's not completely clear. It's just a giant bowl of spaghetti right now.
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If GM does file for a bankruptcy, he would be the one to take them into the Chapter 11 filing,
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If there is a continued dip in US market share, board members will have to say enough is enough,
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Investors are reacting to the Toyota figures. Although it shouldn't be any great surprise. ... We've been saying for a while that at the current pace, Toyota will surpass GM next year.
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If you look at the total compensation package, it's close to $125,000 to $130,000 per year. If you have UAW workers making $130,000 to assemble oil filters, it's very difficult to turn a profit.
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If you look at the trailing four quarters, as bad as those numbers were, they were unsustainable. Unless the company was sitting on its hands and did nothing, they couldn't remain that negative for very long.
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