Question-and-Answer Session
Operator
(Operator Instructions) And your first question comes from Itay Michaeli with Citi.
Itay Michaeli - Citi
Remind us, where your capacity utilization is today and how you see that progressing over the next two years towards your 90% goal in 2010?
Dick Daunch
The capacity utilization today on average is about 75%. With the initiatives, we have taken we are moving towards -- by 2009, 10 times same to 90% capacity utilization.
Itay Michaeli - Citi
Right, that's helpful. And just moving on quickly, what is your implied assumption for sales of large full size pick-up trucks and SUVs in 2008 just beyond the actual production. What you are looking for sales in particular?
Mike Simonte
Itay, this is Mike. I think our working assumptions for 2008 that they are going to be reasonably correlated with our production volumes. We see our production volumes down about 8% to 9% in total on the full size programs. We will probably up a little bit higher than that particularly, the GMT 900 program mostly due to that inventory situation and we see result in itself early in calendar year 2008.
Itay Michaeli - Citi
Great. And then just finally, I know, you are not talking about EPS and free cash flow guidance, specifically today. But do you plan to provide some guidance later on once the -- your mean contract visibility improves?
Mike Simonte
Well, we certainly Itay, we will be in a better position to analyze that in just a few weeks and we will reconsider doing that in our next earnings conference probably in April.
Itay Michaeli - Citi
Terrific, thank you.
Dick Daunch
Thank you, Itay.
Operator
Your next question comes from Brian Johnson with Lehman Brothers.
Brian Johnson - Lehman Brothers
How are you looking your operating margin performance in 4Q, it looks like when you back out special items it's about 3%, which should be the lowest operating margin of year. I mean A, is that the right way to look at it? And B, are there operational things beyond the contract, we should be aware of?
Mike Simonte
Yeah Brian, good morning. Couple of things I'd point out. Our volumes in the fourth quarter were down about 4.5% on an overall basis, a little weaker than the full year and had the impact on our margins, no question. Specific to one program, I haven't mentioned year today the Dodge Ram heavy-duty program was down about 50% on a year-over-year basis. So, in certain parts of our business we did have some challenges relative to volume volatility.
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