What you're finding in the automotive business is the products you design today affect your profitability three to four years down the road. What we are seeing today is some pretty good changes at General Motors, but nothing like that at Ford, and I think Ford is really going to be in dire straits in five to 10 years from now.
Brett Hoselton
Have they made significant improvements? The results suggest that we're not seeing any sort of a dramatic turnaround in the organization.
organization results made
I think they are being more straightforward with the costs since, given the current situation, the number can be biased a little more to the negative.
negative situation
The primary question is, are you going to be able to produce cars and trucks that are compelling enough to sustain or even gain market share. Health care and pension costs are important issues but the primary issue is always what does your top line look like.
health gain market care share question issues cars important
That's a very costly program. You're paying people not to work.
people work
We just don't see them having the ability to turn things around.
ability things
You expected them to lose a lot, but this is still a big hit. Delphi has excess capacity and costs it still needs to address. They can't be competitive building radiators in Buffalo, New York, for 5 an hour.
lose excess big
design products business today good road finding pretty
The (United Auto Workers) suggests that everyone needs to share the pain, including shareholders.
pain share
The concern I would have is that General Motors may have given away their bargaining chip without necessarily getting the concessions (from the UAW) they need at this point.
concern
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