Toni Simonetti
Toni Simonetti
capital choose deployed entire situation
I think we are assessing the entire situation of where we've got capital deployed and where we may choose to redeploy it. Everything is being assessed.
financial hard improve north operations performance turn
Our financial performance is unacceptable, we know that and we've been working hard to turn around North American operations to improve our financial performance,
conduct consider due proposal serious thorough
We'll conduct a thorough review, and consider it or any serious alternative proposal in due course,
price stock suffice
Suffice it to say that the price of the stock is an important part of the equation.
annual contrived eight elegant last meeting
The annual meeting used to last eight hours. I think we've come up with a pretty elegant solution. Now we can get to the grass-roots shareholders without a lot of contrived filibustering.
extent prepare preparing
To the extent we can prepare for that (a strike), we are preparing a contingency plan.
bankruptcy work
While we have a lot of work to do and a lot of initiatives under way, bankruptcy is not one of them.
complete expect
We still expect to complete that repurchase by the end of the year,
absolutely bankruptcy preparing rumor saying
What we're saying is the rumor is absolutely false. We are not preparing a bankruptcy filing.
believe credit environment ratings running strengthen therefore
We believe that such a transaction would strengthen the credit ratings for GMAC and therefore make a much better environment for running a financial-services organization.
actively engaged possible pursuing sale
We're still actively engaged in pursuing the possible sale of a controlling interest.
continue looking number strategic
We've always said we have a number of strategic alternatives that we're looking at...We continue to do that.
current equity event fully gm manner market open orderly plans relationship stake unwind
GM has no plans to fully unwind its current equity relationship with Suzuki. In the event GM reduces its stake in Suzuki, it will be done in an orderly manner through an open market repurchase.
deal together trying
We've been trying to put together a deal for some time.