Word: magers
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...performed better than last weekend...but it wasn't as pretty as it could've been," freshman Evan Mager said...
...Saturn's biggest challenges will be to turn a profit, even in the long run. "Nobody makes money on small cars," says Maryann Keller, an analyst for the investment firm Furman Selz Mager Dietz & Birney. "Saturn's no different from anybody else. The Japanese certainly don't make money on small cars." In most cases, those models serve as loss leaders for the larger, more option-loaded vehicles and to boost the average fuel-efficiency of an automaker's total fleet in order to meet U.S. government standards. But GM president Lloyd Reuss contends that Saturn will make a profit...
...With 1987 sales of $102 billion, GM remains 41% larger than Ford. Auto experts say GM could rebound sharply with its planned line of stylish front-wheel-drive cars called the GM- 10 series. "General Motors is waking up," says Auto Analyst Maryann Keller of Furman Selz Mager Dietz & Birney. "Ford is going to face tough competition in the 1990s...
Anxiety was especially high in Detroit, where automakers feared the crash could deal a new blow to car sales, which are already slumping. Maryann Keller, a prominent auto analyst with Furman Selz Mager Dietz & Birney, a Manhattan-based investment firm, predicted that U.S. sales of cars and trucks would fall about 15% next year, to 9.5 million vehicles. One reason for her gloomy forecast, she said, was that the loss of wealth caused by the stock- market decline would have a "significant effect on consumer confidence and the ability to spend...
...penny-pinching moves have come just in time; criticism of GM's bloated size has been reaching a peak. Says one prominent critic, Maryann Keller, who follows the auto industry for the investment firm of Furman Selz Mager Dietz & Birney: "GM has done more to help itself in the last three months than it has in the last few years combined." But GM's Smith will have to cut costs even more dramatically if he hopes to quiet the company's sharp- tongued gadfly, H. Ross Perot, chairman of Dallas-based Electronic Data Systems. Perot, who joined the GM board...