Art Lester Quotes
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We`ll probably continue to lose money, primarily because the industry is going to be weaker this year than last year, ... We don`t think the economy has bottomed out yet.
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This is our 11th quarter of year-to-year improvement in our earnings. For the auto business, that`s a pretty good track record.
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The private entrepreneur who is the heart of our system today will continue in the future. I don`t think that`s going to change. But there is obviously going to be a major change in a number of the parts of distribution.
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The cost reductions we`ve looked at are very tough to achieve. We`re not doing it by cutting and slashing the business. We`re growing it, doing the right things strategically and we`re still getting the cost out.
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Probably by the end of the year, you`ll see a charge. We are working on the program. It will happen.
