Quotations

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Scott Sprinzen Quotes

«At this juncture, it's our conclusion that this isn't a far-fetched possibility if the kind of deterioration in results we've seen over the last few quarters should continue.»
«If GM got all the benefits of a Chapter 11, that would leave Ford in a situation that certainly couldn't be stable.»
«General Motors and Ford Motor Co. are being challenged operationally and financially in North America as never before.»
«We expect Ford to eventually reach an agreement with the United Auto Workers union similar to that announced by General Motors Corp. that could result in a substantial reduction of Ford's burdensome health care costs in the long term.»
«Given the current environment with gasoline prices, the fact that GM's major actions are so heavily weighted in mid- and large SUVs, that seems problematic,»
«We haven't factored anything into the rating (but) it's worth monitoring closely. It's a big unknown.»
«These actions should be sufficient to maintain positive net liquidity in 2002, even with weaker earnings performance, ... But those aren't actions that can be relied on indefinitely. The future of the company relies on an earnings rebound.»
«We take very seriously Delphi's threat to file for bankruptcy by October 17,»
«We take very seriously Delphi's threat to file for bankruptcy by October 17. If Delphi files for bankruptcy, we couldn't rule out a ratings change (for GM).»
«These actions should be sufficient to maintain positive net liquidity in 2002, even with weaker earnings performance. But those aren't actions that can be relied on indefinitely. The future of the company relies on an earnings rebound.»

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