Stephan Thomas
Stephan Thomas
business costs depress energy increased material north power pricing raw related strengthen
Pricing power has diminished; we have increased energy and raw material costs and that will depress margins. It makes sense to strengthen the automotive related business in North America.
cyclical data expected labor market positive results
Siemens and DaimlerChrysler's results were better than expected and on the macro side, the U.S. labor market data is positive for a cyclical recovery.
hours three
If we do that, it would take three hours to get down the line.