John Devine
John Devine
clear drop fit plans product
We have product and distribution plans to fit each of those brands, ... I know there's a lot of speculation about what we're doing and that's fine. But I want to be clear we do not have plans to drop any brands.
plan
very challenging, but we plan to get it done.
balance cash continue couple dent drain inflation last particular potential result sheet
That's been going up in particular in the last couple of years. It's put a real drain on profitability, cash and a big dent in our balance sheet as a result of that. We think there is a potential for that to continue with health-care inflation the way it is.
further realize
We realize you don't think we can do it, ... That spurs us further to get things done.
america south wrong
In South America we're going in the wrong direction,
cash clearly flow pensions planned
Clearly we are going to have to put more of our operational cash flow into pensions than we'd like or we had planned earlier,
good reach start sustain work
It's a good start on the $10 number, but we have a lot of work to do to reach it and then sustain it,
business financial good level pleased quarter record services work
It's a good quarter. Good progress. We're not at a level yet in the automotive business that we're pleased with, so we have a lot of work to do. But we had another record quarter in financial services and a record year.
clear data stronger
It's clear from the data we're getting the disadvantage of some stronger headwinds,
outcome stand
As we stand today, we don't know what the outcome is for Delphi, that's their call,
The four-wheelers should come up with 45 signatures and put it on the ballot,
auto good improvement quarter track
This is our 11th quarter of year-to-year improvement in our earnings. For the auto business, that's a pretty good track record.
inability measures prices raise reduce requires tougher
The inability to raise prices requires us to take even tougher measures to reduce costs,
above company inside maintain outside signal
It is just above breakeven, but we think it's an important signal inside the company and outside the company that we were able to maintain automotive profitability,