GM: Still Downsizing After All These Years
GM (NYSE: GM) has offered buyouts to 3,000 workers at 14 of its plants. Most of these employees have special skills beyond assembly work. Many are electricians and welders. The more seasoned workers will…
Cars and Drivers
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Newest first · Page 301China Car Sales Reach All-Time Record
China’s November car sales hit a one-month record. Total cars and light vehicles shipped to dealers reached 1.34 million, up 29% from the same month last year. Sales for the first eleven months of…
This Toyota Recall is Different (TM)
After the hit to its reputation for its slow-motion recall of more than 8.5 million cars earlier this year, Toyota Motor Corp. (NYSE: TM) has apparently learned its lesson. The company has revealed a…
Nissan Leaf: The 99 MPG Car, But Are There Buyers?
Nissan announced that : The Environmental Protection Agency (EPA) has approved its fuel-economy label for the 100-percent electric Nissan LEAF, rating the vehicle to be “best” in the midsize vehicle class for fuel efficiency…
GM Analyst Call Lacks Conviction (GM, F)
General Motors Corporation (NYSE: GM) may have been one of the top IPOs of American history. It was also one of the biggest bankruptcies in American history. S&P Equity Research has decided that GM…
GM’s IPO Sets Stage for Other Autos (GM, F, TTM, HMC)
Government Motors is now back to being General Motors (NYSE: GM). The taxpayer will start to recollect some of the bailout money, although shares would have to be far far higher for a full…
Another Reason Not To Buy A Nissan: New Car Ratings Out
The new performance scorecard from Truecar.com which it describes as how it “measures the overall performance of a brand or manufacturer based on pricing, sales, incentives, customer loyalty, market share, and inventory turn data.”…
GM Is The Same GM It Was Yesterday: IPO Adds 30% More Shares.
GM has increased the price per share of its IPO from about $26 to nearly $33 and ratcheted up the number of shares it will offer by 30% to 478 million shares, all in…
The Good, The Bad, And The Irrelevant: No GM Shares For The Masses
Irrelevant CNBC has reported that GM will not allocate any shares in its IPO for customers of Charles Schwab (NASDAQ: SCHW), TDAmeritrade (NASDAQ: AMTD), and E*Trade (NASDAQ: EFTC). That means retail investors are unlikely…
Chrysler Still Bleeds Money
Chrysler still bleeds money based on its third quarter earnings release. The numbers stand in contrast to recent profits reported by GM, Ford Motor (NYSE: F), and Toyota (NYSE: TM). The figures show how…
Toyota: Winner And Still Champion
Toyota Motor (NYSE: TM) announced its earnings for the quarter that ended September 30, and they were impressive. The company damaged its reputation due to millions of recalls and the recent value of the…
GM Posts Third Quarter And IPO Details; Thank Goodness For China
In the midst of the one of the worst car sales environments in US history, GM has announced details of its IPO. If the company were not the leading auto company in the world’s…
Secular Trends Mount Against Garmin (GRMN)
Garmin Ltd. (NASDAQ: GRMN) is feeling some of the secular trends that many have feared. All those free and bundled GPS and personal navigation services on smartphones are taking away from its model. The…
Does Anyone Want To Buy A New Car? Not While The Old One Still Runs
Car manufacturers will announce their domestic sales for October today. Analysts expect them to be good, although that is relative. The annual run rate of US vehicle sales will probably be below 12 million.…
Ford Become World Class Again, Posts Big Earnings But Weakness Outside US
VW and Toyota (NYSE: TM) have competition from a US car company again–Ford. Ford Motor Company (NYSE: F) Q net income of $1.7 billion, $.43 cents per share, a $690 million improvement from third…