Overall, the funded status changed from an undercover of EUR6.6 billion to an undercover of EUR7.2 billion. In the medium term, we aim to fully cover our pension obligations.

We expect ongoing pressure from higher raw materials.

The increase was primarily a result of reductions in discount rates to 4% for German pension plans and to 5.4% for non-German pension plans.

Consistent with the industry’s history of pattern bargaining from the UAW, we would expect similar consideration of health care adjustments.

Our dealer stocks are a little bit high but we believe this is necessary to support the spring selling season.