While tire pricing remains strong, high raw material prices and potentially weak high-margin markets (North American and European replacement truck tire markets) could provide offsets.

If raw materials pick up again, of course we have to go back to product prices. But if raw material prices are stable we will not go through to our customer.

Hope is the raw material of losers.

Certainly whenever the province is getting high royalties as a result of high natural gas prices on the North American market, they are obligated to share that royalty with the citizens who own it.

We see a $US2 billion cash injection as meaningful, even in light of GM's robust corporate liquidity. This sale was largely unanticipated by the market.

That said, we continue to favour GM over Ford due to the former's more favourable 2006 product cycle and its more aggressive restructuring approach.