To go back to one of my opening remarks, the industry faces significant scale challenges. In the businesses in which we operate, the R and D required, the balance sheet required, and the footprint in terms of global reach required all represented structural challenges to the business. So it was our view and the government's view that without a resolution to some of the structural challenges—some form of partnership or merger to address some of the scale challenges—while you could continue to see some operating profitability in the short term, on the horizon as you looked down the track it was very difficult.
On August 7th, 2009. See this statement in context.