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Himanshu Patel Quotes
«We think GM will see it as more of an opportunity than a risk to assist in a Delphi bailout, as it will likely be able to extract sizable UAW health care concessions in return,»
Author: Himanshu Patel
«timing of this pending divestiture cannot be overlooked.»
Author: Himanshu Patel
«[The letter] suggests that GM is taking a hard-line stance with both Delphi and the UAW, ... As such, we expect the negotiations to go down to the wire, but we still believe an out-of-court restructuring is most likely.»
Author: Himanshu Patel
«While fundamentals are admittedly weak, given the stock's weak recent performance, we are reluctant to get incrementally bearish, particularly ahead of a potential restructuring announcement.»
Author: Himanshu Patel
«That said, we continue to favour GM over Ford due to the former's more favourable 2006 product cycle and its more aggressive restructuring approach.»
Author: Himanshu Patel
«That said, we continue to favor GM over Ford due to the former's more favorable 2006 product cycle, and its more aggressive restructuring approach.»
Author: Himanshu Patel
«That said, we continue to favor GM over Ford due to the former's more favorable 2006 product cycle and its more aggressive restructuring approach.»
Author: Himanshu Patel
«[Analysts said Tuesday that the UAW's decision to offer concessions before its contracts with U.S. automakers expire in 2007 shows the gravity of the automakers' financial situation. GM lost more than $3 billion in the first nine months of this year, and Ford is expected to announce a third-quarter loss on Thursday.] Years from now, October 2005 may be looked upon as the month when the relationship between the UAW and the U.S. auto industry began a restructuring, ... This landmark deal may mark a more pragmatic and realistic UAW.»
Author: Himanshu Patel
«It should not be difficult to agree on the bargaining points.»
Author: Himanshu Patel
«We are not that surprised that the company guided down for the first quarter given their previously announced weak production schedules. However, we are surprised by the magnitude of the first-quarter and 2005 revision, which suggests the further risk to production schedules in future periods.»
Author: Himanshu Patel
