Ford's presentation at the auto show clearly evidenced its strategy to focus on cars and crossovers.
The bottom line is we see little to no earnings growth in '06. Indeed, flat earnings may end up being a notable accomplishment, given the stresses the auto sector is facing.
Comments today at the Geneva auto show that General Motors is in no rush to sell GMAC, and that a sale is not necessary before next year, suggest the sale process has stalled.