The (light truck) market is still important, the market is vital for us,

The industry had a very good month in May and we believe GM will actually outperform the industry, ... We expect to maintain that momentum as we head into the back half of the year.

All in all, I would describe the month as pretty solid.

The market below $12,500 is almost a million units. It's too big to ignore. We think long term that market will shrink a little further. It may be only a half-million units at some point. But with our global position and product, it's a half-million-unit market we can go after.

The marketing program is not breaking the bank, contrary to other reports today,

I don't want to throw out concerns that all of us have, ... We're looking at it every single day, and so far facts to date do not support contention that gas prices have had a material impact on truck sales.

Certainly we did not see the surge we saw ...back in October of '01 or ...last July, ... But despite the ebbs and flows, we're going to wrap up this month pretty much as we thought it would play. And we're seeing mix continue to richen.

Anytime you're looking at the prospect for a soft landing, there's going to be uncertainty and risks. If what we're talking about is a prelude to an economic downturn, the industry will suffer over a two-to-three-year time. But the economy has shown a high degree of resiliency.

It varies by category, but it's a significant offset in many cases.

Not all consumers want an interest rate or a contract. We'll get a little more diversity going forward. But I wouldn't conclude that compelling offers on the interest rate side have run their course and lost effectiveness in the marketplace.