Toni Simonetti
Toni Simonetti
jobs magnitude number
We are finalizing the number of jobs cuts. There will be some, but not on the magnitude of those that we have already done.
jobs magnitude number
We are finalizing the number of jobs cuts, ... There will be some, but not on the magnitude of those that we have already done.
attain certainly evaluate exploring lead options pursue rating separate whether
We are exploring how we would attain a separate rating for GMAC. We would probably look at and evaluate any and all options that would lead to that. Whether we would pursue those options, I don't know, but certainly we want to know what those options are.
actively engaged hughes interested multiple
We are still actively engaged in discussions about Hughes with multiple interested parties. Those discussions are progressing.
month
We said it would be about a month and it has been a month.
position report
Discussions are ongoing, but we are not in a position to report any new developments.
equity expressed intention interest invest maintain multiple parties
There was some interest expressed on the part of multiple parties to invest in our commercial-mortgage business. We're in discussions with those parties, ... We are amenable to equity partners, but GMAC's intention is to maintain a significant equity interest in this business.
announced board company consider couple directors engaged global interests news obligation respond sky weeks
A couple of weeks ago we announced we were proceeding with negotiations with News Corp. That is our priority, ... We are engaged in these negotiations with News Corp. and Sky Global Network. The company and our board of directors have an obligation to respond to the interests of all of our shareholders. As such, we would always consider any alternative.
board situation
The board will be apprised of the GMAC situation and the Delphi situation.
information people share
We've said let's not share information with people who don't have a need to know.
adequate believes business capital cash general planning prudent run strategies
General Motors believes it has adequate cash and liquidity to run the business and we have prudent capital planning strategies in place.
review
That review is going on very intensively right now.