Toni Simonetti
Toni Simonetti
extent prepare preparing
To the extent we can prepare for that (a strike), we are preparing a contingency plan.
complete expect
We still expect to complete that repurchase by the end of the year,
equity expressed intention interest invest maintain multiple parties
There was some interest expressed on the part of multiple parties to invest in our commercial-mortgage business. We're in discussions with those parties, ... We are amenable to equity partners, but GMAC's intention is to maintain a significant equity interest in this business.
board situation
The board will be apprised of the GMAC situation and the Delphi situation.
announced board company consider couple directors engaged global interests news obligation respond sky weeks
A couple of weeks ago we announced we were proceeding with negotiations with News Corp. That is our priority, ... We are engaged in these negotiations with News Corp. and Sky Global Network. The company and our board of directors have an obligation to respond to the interests of all of our shareholders. As such, we would always consider any alternative.
position report
Discussions are ongoing, but we are not in a position to report any new developments.
bankruptcy work
While we have a lot of work to do and a lot of initiatives under way, bankruptcy is not one of them.
conduct consider due proposal serious thorough
We'll conduct a thorough review, and consider it or any serious alternative proposal in due course,
actively engaged possible pursuing sale
We're still actively engaged in pursuing the possible sale of a controlling interest.
month
We said it would be about a month and it has been a month.
adequate believes business capital cash general planning prudent run strategies
General Motors believes it has adequate cash and liquidity to run the business and we have prudent capital planning strategies in place.
review
That review is going on very intensively right now.