GM needs much larger concessions than this to have a material impact. The kind of cuts that GM needs are cuts that the union would simply not agree to. And GM needs to face that...

That’s scary — the fact that they are saying there is no reason to even negotiate now. If you were to take their statement at face value, that increases the likelihood of a strike considerably.

[Some analysts said that knowing earnings were dismal, GM had to take some sort of action.] Things like today are great it’s better than not being able to announce anything, … But I certainly don’t...

The quarter as a snapshot is certainly a move in the right direction. But that being said, it didn’t convince me of anything.

Whether longer term that actually makes a difference, I have questions about that.