David Healy Last Quotations

GM had an unusually weak November a year ago. It made a big push in December last year, a big push in the summer, and November was kind of a lull.

With GM, I think overall you'll be looking at a 9 percent increase in October this year versus October last year in GM's light truck sales, and I think that their SUV sales will show an increase at least that big year over year. That's the good news.

This is a young, up-and-coming team and there is hope for the future. Of course the last two results have been disappointing but there is plenty to build on.

They're starting to act like a company that burned through $7 billion in cash last year.

Despite concerns that the current sales weakness represents a new recession in vehicle sales, we believe that the explanation continues to be payback for last summer's excesses,

In the light of the fact that GM burned through $7bn in cash last year, it was clear additional urgent action was required.

I don't think there's any sector- or stock-specific news that is moving these stocks today. The gains you're seeing are a reaction to the steep drop these stocks have taken of late and the recovery the shares have seen for the last few sessions. It's pretty much a group recovery.