The increase was primarily a result of reductions in discount rates to 4% for German pension plans and to 5.4% for non-German pension plans.

Our dealer stocks are a little bit high but we believe this is necessary to support the spring selling season.

Consistent with the industry's history of pattern bargaining from the UAW, we would expect similar consideration of health care adjustments.

We expect ongoing pressure from higher raw materials.

Overall, the funded status changed from an undercover of EUR6.6 billion to an undercover of EUR7.2 billion. In the medium term, we aim to fully cover our pension obligations.

I think it's going to be a strong team. I will probably have some headaches deciding who to start, which is a pleasant headache to have.