Nicholas LoBaccaro
Nicholas LoBaccaro
ability advantage believe continue earnings enjoy fall ford gives gm grow high incentive indication levels luxury others performance power remain strong terms weak
We continue to believe that Ford will enjoy a significant advantage over GM and DaimlerChrysler in terms of mix, incentive levels and the ability to significantly grow luxury sales. Ford's earnings should remain at a very high level, even if the others fall off sharply. Ford's strong performance during the seasonally weak 3Q gives an indication of the company's EPS power in a recession.