David White JPM upgraded automakers & parts, but EU is shrinking this year. US OK, but recent retail sales indicate pull back in spending. Upgrade???
7/18/12
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David White: Chinese and Brazilian auto markets have slowed considerably too. Automakers are going to miss badly on estimates.
7/18/12
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Energysystems: Ford just stated 1H sales in Europe are at 1994 levels.
7/18/12
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David White: GM has over a $30B shortfall in pension, health, etc. retiree benefits. Has already publicly stated it might have to go back into bankruptcy
7/18/12
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David White: to deal with these and a few other issues such as its bloated management structure.
7/18/12
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Energysystems: Yeah, I'm well aware. Related to a few GM retirees that have thankfully been very smart with their investments and savings, and not...
7/18/12
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Energysystems: relying on anything from GM. High probability of another bankruptcy.
7/18/12
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pokalolo: China slowing too. GM China CEO video on Y/t saying someday all GMs made there. Outsource to the MAX
