“After burning $400 million of cash in 2005, we expect the company to use another $150 million in 2006, and we have no reason to believe that 2007 performance will be much better.”
“Despite many unknowns about how a three-way deal between Delphi, GM and the UAW will be structured, we are increasingly confident that the Delphi restructuring will happen out of court.”
“It's not up to GM, it's up to the consumer whether that price holds or not. GM's pricing strategy continues to be a source of confusion for investors.”
