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Letter "R" » Rod Lache Quotes
«It doesn't give them the critical mass they need in Japan or any other Asian market. They want to have 25 percent of the Asian market. It's very strongly implied there will be more m&a activity in the market.»
«Korea is the sixth largest car market in the world, and companies need the distribution network that Daewoo has. It also is a good platform with its low cost small car to move into China. It might not be the hottest one at the dance, but it's the only single one.»
«In the long run it may gain greater market share, greater scale, ... But it'd raise a lot of near-term concerns.»
«It looks like cost savings are trending better than expected and Asia and Latin America are getting close to turning the corner. On the negative side, Europe is having some pretty disappointing profitability.»
«it's not a stock moving event.»
«I think that (labor peace at GM) is largely the news here. They've lost a lot of momentum last year and previous years due to strikes.»
«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.»
«I don't see this as resulting in anything dramatically negative. Over time, you'll see incentives rising everywhere. But it's not anything scary yet.»
«Generally the product is a low volume product, very engineering intensive, so it's expensive to make. GM has too much car capacity and not enough truck capacity. Car plants are operating close to 70 percent capacity, while truck plants are close to 100 percent. You can use that manufacturing plant, maybe for a hybrid sports utility vehicle/car.»
«This is no big surprise. It's been rumored for some time. As far as share price, I think it depends on who they put in there. Right now there's a vacuum. If they put someone in who is shareholder-oriented, it should help.»