John Novak Quotes

A strike would be a cataclysmic event. If there was a widespread strike, this is a worst-case scenario, GM probably has 10 or maybe 15 weeks of cash.

- John Novak

Tags

Strike | Cataclysmic | Event | Widespread | Worst |

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The deal still leaves a lot of questions, and is less than what people were looking for. We would have liked to have seen a comprehensive deal at Delphi. The fact is, there is still the overhang of a potential strike out there. - John Novak

On first glance, they looked fairly positive especially given the tough industry conditions. Building controls continues to do well and autos faces considerable challenges but managed to hold up its end. - John Novak

The steps they are talking about seem to make sense, given the state of the supplier industry and their customers. Plant closures and headcount reductions are something they have to do if they are going to reorganize. - John Novak