Fiat Steals Chrysler From America
Chrysler is no longer an American-controlled company. Fiat bought the last stake owned by the U.S. government and now has 53% of the equity in the No.3 U.S. car firm. Taxpayers did not do…
Cars and Drivers
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Newest first · Page 298GM Offers Drivers A Reason To Wreck Their Cars
It makes sense for a car rental company to offer drivers insurance. The car does belong to the rental company. The idea that an auto manufacturer would offer free insurance makes less sense. GM…
Which Companies Really Won The June Car Sales War (TM, GM, F, HMC)
June domestic car sales were a disappointment. GM (NYSE: GM) and Ford’s (NYSE: F) results were particularly tepid. GM’s sales were up 10.6% to 215,335. That was below its 17.1% growth Ford’s sales rose 13.3%…
Nissan, Targets 8% Market Share, Announces The Rest Of The Car Industry Does Not Exist
Nissan said it plans to have 8% of the global market for light trucks and cars by the end of 2016. The Japanese manufacturer did not mention that every other global car company has…
Quality Ratings Have Little To Do With Car Sales
J.D. Power released its initial quality auto survey for this year which is based on questions put to 78,000 motorists. The headline most of the media carried about was that the Ford name plate…
Ford Fights Headwinds & Chart Into Analyst/Investor Day (F, GM, TM)
Ford Motor Co. (NYSE: F) is set to meet with the financial community on Tuesday and its chart is at a critical juncture. As far as the news and company, Ford is actually a…
The White House Changes Its Mind On Value Of Auto Bailout
Vice President Joe Biden spent much of last weekend speaking about the value of the federal government bailout of Detroit. Treasury Secretary Timothy Geithner and President Barack Obama have made similar comments. The White…
May Auto Sales–A Stunning Victory For South Korea
Korean car companies sold 109,000 units in May, according to car research firm Edmunds. That would put the sales of Kia and stablemate Hyundai ahead of Japan’s Honda (NYSE: HMC) and Nissan. The two…
Toyota And Honda Head To The Slaughterhouse
Unit Sales Forecast Manufacturer May 2011 Forecast % Change vs. April 2011 % Change vs. May 2010 Chrysler 110,132 -5.3% 5.1% Ford 188,280 -0.5% -1.9% GM 225,394 -3.1% 1.5% Honda 92,889 -25.6% -20.7% Hyundai/Kia…
ETF Launch for Global Auto Manufacturing (CARZ, GM, F, TM, HMC)
First Trust has launched yet another global ETF, this one being based upon the NASDAQ OMX Global Auto Index. It doesn’t take a rocket scientist to get what it invests in. This is the launch…
US Car Sales Loser–VW
VW has stated that it cannot overtake GM (NYSE: GM) and Toyota (NYSE: TM) as the world’s No.1 car company without a large expansion of its US sales. The German company should have at…
Chrysler Profits: A Victory For Downsizing
Chrysler made money in the first quarter, a victory for the downsizing of the US car companies and modest vindication of the taxpayer bailouts of the auto industry. The Treasury will still lose money…
GM May Take Back No.1 Car Company Spot From Toyota Due To US Taxpayers
GM (NYSE: GM) may be the No.1 car company in the world this year, after it lost that position to Toyota (NYSE: TM) three years ago. The change of fates has more to do…
Fiat’s Long Shot On Chrysler
Fiat is about to buy another 16% of Chrysler which would take its total stake to 46%. The deal would involve a payment of $1.5 billion, which does not value the No.3 US car…
Can The Treasury Make Money On GM Shares?
The US Treasury may want to wait a few years to sell its portion of GM. The federal government put $50 billion of taxpayer money into the largest US car company (NYSE: GM) as…