Rick Wagoner Results Quotations

These results reinforce the need to step up our efforts to eliminate waste and lower costs, ... The industry continues to venture into new territory -- near-record demand mixed with unprecedented price pressures and intensely strong competition on all fronts.

We expect to see improved results in 2006 and further progress in 2007.

We are viewing the U.S. economic and auto market environment with considerable caution, ... That, combined with our poor business results in the first three quarters this year, really highlight that we are at a critical juncture in our company's history. And so we are accelerating the pace and scope of our turnaround actions.

The automotive market in North America remains very competitive, and our results reflect that, ... Improving market share and profitability remain an important priority.

In order to improve financial results in 2006 and 2007, we are moving quickly to implement several important actions that will address these weaknesses in North America. And we have a good line of sight on the steps we need to take to further reduce structural costs on a global basis that will position GM for long-term success.

We are disappointed with our own sales and market share results so far this year,

We're pleased to see the significant progress in our first quarter results and in the implementation of all four elements of our North American turnaround plan.

That's because a couple products represent a larger percentage of the total at Chrysler than at GM. That can be an advantage and a curse, in terms of sales going up or down based on the results of a couple cars.