Ron Tadross
Ron Tadross
agreement cash contribute ends gm point required
Apparently, the agreement ends in 2011, at which point GM may be required to contribute more cash ... to the VEBA.
currently function surprised
I wouldn't be surprised if that was currently suspended as a function of the strike.
consumers future gap gas higher likely weigh
The gap is likely to go up in the future as consumers weigh in on higher gas prices.
fuller likely pay
It's likely that someone's going to try to make them pay a fuller price. That would be the right, competitive thing to do.
agreement assumes billion due estimate lasts reduction
However, GM's estimate of a $15 billion reduction in the health-care liability, due to the agreement, assumes the agreement lasts in perpetuity.
billion compared deal estimate eventual savings
We think that the eventual savings from the deal will only be in the $7 billion pretax range, compared with GM's estimate of $12 billion.