I'm wondering if this is the bulk of the bad news and is it past us? I was looking for something like this, but not quite this bad.

This is more of a final nail in the coffin of the company's past accounting practices. Investors are looking at the company going forward rather than past. They have been doing a lot of things right lately.

He [Ward] focused on the high-end of the market and neglected the low-end shares.

It's time for automakers to tighten their belts and look for areas of inefficiencies and redundancies. They need to review what discretionary items can be eliminated.

There are not so many people that can actually qualify for zero-percent financing, ... But the incentives get them into the dealership, where they might get something else.

His experience and credibility with the Street is not easily replaced.