“Clunkers” Shows How The Entire Stimulus Package Goes Wrong
The “cash for clunkers” program was close to being a perfect part of the $787 billion stimulus package. It helped people who may not have been able to afford a car to get one.…
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The New York Times got ahold of an early version of the 2009 new vehicle study done by The University of Michigan Customer Satisfaction Index. The paper reports that “in the rankings by brand, G.M.’s…
24/7 Wall St. TV: VW’s Huge Mistake
Volkswagen Aktiengesellschaft, the company known to most Americans as VW, wants to become the world’s largest car company within a decade. VW has almost no chance of realizing that aspiration because it did not…
Can a $4,000 Car Help to Cure GM? (TTM)
General Motors may be closer to getting into cars as cheap as some go-carts. A report over the weekend in the WSJ noted that GM plans to produce one of the compact cars for…
The Largest Business Blunder Of The Year: VW Gave Up The US Market
Volkswagen Aktiengesellschaft, the company known to most Americans as VW, wants to become the world’s largest car company within a decade. VW has almost no chance of realizing that aspiration because it did not…
Negotiating Car Prices On eBay (EBAY)
eBay (EBAY) and GM are setting up a program in California that will allow consumers to negotiate prices for new cars online. Potential customers can also set up financial packages to buy a new…
More Evidence That GM Should Relocate To China
GM says it will sell 1.4 million cars in China this year. It sold about 180,000 in the US in July. The critical difference between its costs in the two markets is that many…
24/7 Wall St. TV: GM Wants To Be No.1
GM’s new chairman Edward E. Whitacre Jr said that one of his major goals is to make certain that the No.1 US car company stays N0.1. GM will find it very hard to measure…
GM Chief Insists Firm Will Stay No.1 In USA
GM’s new chairman Edward E. Whitacre Jr said that one of his major goals is to make certain that the No.1 US car company stays N0.1. GM will find it very hard to measure…
Toyota (TM): Another Sign Car Industry Is Recovering?
Toyota (TM) posted an $816 million loss in its last quarter, but lifted its forecasts. It will up production for its fiscal year which ends in March to 6.6 million vehicles from 6.5 million. It is…
24/7 Wall St. TV: The Ford Miracle Rolls On
William Clay Ford, Jr., the company’s CEO since 2001, went outside the industry and he and Ford’s board brought in Boeing executive Alan Mulally to replace him in September 2006. Mulally, in turn, bet…
GM Losing Significant Ground To Ford (F)
Ford’s (F) July sales rose 2.3% to to 165,279. SUV sales were weak, off 36%, so cars and crossovers had to make up for that. GM’s sales moved sharply in another direction. They fell…
The Miracle At Ford (F) Continues
Ford (F) made two audacious decisions recently, decisions made in an industry where audacity is a distant memory that died when Lee Iaccoca left the business. William Clay Ford, Jr., the company’s CEO since…
Government Bails Itself Out At GM: Cash For Clunkers Gets $2 Billion
The $1 billion “Cash for Clunkers” program was an ideal way for the government to protect its $50 billion investment in GM by stimulating domestic car sales as the industry enters the critical new…
“Cash For Clunkers” An Artificial Program Shields Auto Industry
Ford (F) makes better cars than it did last year, or at least there is better demand for them. The “cash for clunkers” program put together by the US government helped sell cars, a…