Despite tough market conditions, the carmaker said it still expects to meet its target of 55 million units sold in 2009 as it makes generating positive cash flow its priority.

FORBES: Magazine Article

Many believe capital deployment should follow a "pecking-order theory" that prescribes that managements should apply their cash flow, in order of priority, to fix their balance sheet if overleveraged, fund organic investments, pay dividends, fund acquisitive growth and, only when there is additional cash left over, to distribute it via share repurchases.

WSJ: The Pros and Cons of Stock Buybacks

The first priority is to restore some semblance of stability and order in the market and restore the flow of credit.

FORBES: Intelligent Investing Panel