Subcommittee on the Automotive Industry in Canada committee  No, we can, actually. You can go to Honda.ca and get the information right off there, sir.

Subcommittee on the Automotive Industry in Canada committee  It's very difficult to speculate. All I can tell you is that the quality of product coming out of our factory in Alliston is as good as, or better than, any Honda product that's developed anywhere in the world. That is because of the people.

Subcommittee on the Automotive Industry in Canada committee  We know that under the current financial crisis the cost of borrowing has increased and the availability of credit has become much tighter, so it's kind of a perfect storm for the customer out there right now. They're paying more for their loan, if they can get it.

Subcommittee on the Automotive Industry in Canada committee  I can't speak to our captive finance arm, what their standard rates are.

Subcommittee on the Automotive Industry in Canada committee  Absolutely.

Subcommittee on the Automotive Industry in Canada committee  It's about 80%.

Subcommittee on the Automotive Industry in Canada committee  I'm not familiar with that.

Subcommittee on the Automotive Industry in Canada committee  No doubt Honda is probably one of the most flexible companies in the world when it comes to diversified product lines, and the ability to make decisions very quickly and move resources very quickly. One good example is that where other companies are cutting research and development expenses, Honda is increasing dramatically right now, because we know that we need to produce the products that this whole new world that's coming at us will require.

Subcommittee on the Automotive Industry in Canada committee  It's difficult for me to quantify it, because obviously this is a worldwide activity, but Honda has always invested in R and D, independent of profitability. Our research in Honda R and D engineering is through a totally separate company that is funded by Honda Motors. They have always been fully supported, whatever the financial situation.

Subcommittee on the Automotive Industry in Canada committee  It depends, product by product, but somewhere between 30% and 40% is leasing.

Subcommittee on the Automotive Industry in Canada committee  I'm sorry, I misunderstood you. Basically, again, it comes back to the consumer. What we don't know is what the consumers will do in the event one of those companies goes into bankruptcy protection. Will that be considered to be the bottom, in which case people will go out and say okay, it can't get any worse than this, it's time to go shopping, or will it create more fear?

Subcommittee on the Automotive Industry in Canada committee  It is running, but nowhere near the same level as it was before the financial crisis started.

Subcommittee on the Automotive Industry in Canada committee  That's a good question. First of all, you're absolutely right: we're not asking for anything. But what we are requesting is that anything the government does, or any kind of program created by the government, should create, as best you can, a level playing field at the end of the day.

Subcommittee on the Automotive Industry in Canada committee  Again, I'm not a financial expert, but I can say that the system is frozen. Once it becomes unfrozen, everybody benefits, not just Honda or any other company. Right now we have a total lack of confidence from the major financial institutions around the world and in Canada. Something has to trigger the unfreezing of this, and it's been tried in many countries, but nobody's managed to make it successful yet, because there are still more and more shocks happening every day.

Subcommittee on the Automotive Industry in Canada committee  Let me try. It's obviously very difficult to try to speculate what might happen, because we're heading into uncharted waters, so to speak, with the possibility that these things might happen. Our number one concern is to get consumers back into our dealerships. As we've already pointed out, there are two or three things that need to happen to enable that.