Toni Simonetti
Toni Simonetti
financial hard improve north operations performance turn
Our financial performance is unacceptable, we know that and we've been working hard to turn around North American operations to improve our financial performance,
capital choose deployed entire situation
I think we are assessing the entire situation of where we've got capital deployed and where we may choose to redeploy it. Everything is being assessed.
annual contrived eight elegant last meeting
The annual meeting used to last eight hours. I think we've come up with a pretty elegant solution. Now we can get to the grass-roots shareholders without a lot of contrived filibustering.
price stock suffice
Suffice it to say that the price of the stock is an important part of the equation.
jobs magnitude number
We are finalizing the number of jobs cuts. There will be some, but not on the magnitude of those that we have already done.
jobs magnitude number
We are finalizing the number of jobs cuts, ... There will be some, but not on the magnitude of those that we have already done.
attain certainly evaluate exploring lead options pursue rating separate whether
We are exploring how we would attain a separate rating for GMAC. We would probably look at and evaluate any and all options that would lead to that. Whether we would pursue those options, I don't know, but certainly we want to know what those options are.
deal together trying
We've been trying to put together a deal for some time.
current equity event fully gm manner market open orderly plans relationship stake unwind
GM has no plans to fully unwind its current equity relationship with Suzuki. In the event GM reduces its stake in Suzuki, it will be done in an orderly manner through an open market repurchase.
information people share
We've said let's not share information with people who don't have a need to know.
continue looking number strategic
We've always said we have a number of strategic alternatives that we're looking at...We continue to do that.
absolutely bankruptcy preparing rumor saying
What we're saying is the rumor is absolutely false. We are not preparing a bankruptcy filing.
believe credit environment ratings running strengthen therefore
We believe that such a transaction would strengthen the credit ratings for GMAC and therefore make a much better environment for running a financial-services organization.
actively engaged hughes interested multiple
We are still actively engaged in discussions about Hughes with multiple interested parties. Those discussions are progressing.