“So we do see continued improvement on a year-over-year basis. I will be very clear about that on warranty as well as material cost, and that is what comprises the $1 billion year-over-year improvement that we are looking to see.”

In context

“Sherry House (Chief Financial Officer): So we do see continued improvement on a year-over-year basis. I will be very clear about that on warranty as well as material cost, and that is what comprises the $1 billion year-over-year improvement that we are looking to see. It is coming from coverages which initial quality directly relates to. That is one of the best indicators. I will let Kumar talk about our recall financials which will also follow suit shortly.”