This is like putting lipstick on a pig. They're a higher-cost producer than most of their competition. To be the low-price leader, you really need to be the low-cost producer as well.

It's very unusual for a high-cost producer to lead a price war,

It's tough to tell, but it sounds like they're getting what they needed on health care. The question is what is GM giving back to the union to get this. We may not know that for a while.

It's going to take a long time. You've got 225 million vehicles out there. It's about 15 years to turn over the fleet.

Ford actually is a little better than 10 years ago (in selling to those under 30), ... But they have more to be concerned about than Honda.

It's a signal to folks that it's going to happen. They're very careful not to speculate about things that aren't going to happen.

They're not turning out nearly as much new product this year as the competition is. They already have the oldest cars and trucks in showrooms of any of the top six manufacturers.

The weakness of Ford and GM has kept the microscope off of Chrysler. But they're also lagging the Japanese how fast they are getting new product out. Their product portfolio is not adequate. The 300 was a hit but the downside of the hot niche product, they have a short shelf life.

People still have to go to work and go to school, ... And if it's a short-term reaction, you can adjust your discretionary driving, as in whether you go to a movie or watch HBO.

People still have to go to work and go to school. And if it's a short-term reaction, you can adjust your discretionary driving, as in whether you go to a movie or watch HBO.