GM’s Chapter 11 filing shows that it will hold onto its highly successful Latin American and Chinese operations. From the standpoint of its new shareholders that makes sense. Both of the overseas markets are…
There are suddenly a lot of companies that want to be the small, low-cost, nimble niche car company that builds vehicles for what used to be an American market that produced 16 million unit…
GM (GM) is supposed to the poorly managed bankrupt car company that has trouble producing vehicles that the domestic market will buy. Toyota (TM) is the nibble competitor with the fuel-efficient and defect-free vehicles…
There are enough smart financiers and former Wall St. veterans in the Treasury Department so that the staff there should know how to hedge a bet. The Administration has taken the extremely risky position of…
General Motors Corporation (NYSE: GM) is soon to cease being a public stock for some time, if all the recent reporting and all the jaw-boning is correct. The stock itself is showing fresh evidence…
Chrysler is well on its way through the Chapter 11 process. The media has pointed out that even if everything goes as planned Chrysler has a line of vehicles that desperately needs a face…
Car parts maker Visteon is is going into Chapter 11 and if a number of its peers follow it, there is a chance that the supply of components to US car companies could be…
GM’s (GM) creditors have rejected a program that would have swapped most of the auto company’s debt for equity, effectively driving the firm into Chapter 11. The century that began with the mass production of the Model…
The Administration is starting to face some resistance in Congress to its plan to put GM (GM) into Chapter 11 using Treasury money to sustain the company as it works it way to profitability.…
Chrysler and GM will force 2,000 car dealerships to close. This event has elicited a great many opinions from industry experts. The consensus is that the most damage to the car companies will come…
GM (GM) is about to notify about 20% of its dealer network that it will not renew its contracts with them when they expire next year. By most estimates well over 1,000 GM dealers…
GM (GM) is getting close to a deal with the UAW which will allow the auto company to lower its annual expenses by $1 billion. It will also lead to the layoffs of another…
Chrysler and GM (GM) propose closing 3,000 dealers in an effort to save money by narrowing down their distribution networks. Some of the larger dealers probably employ 100 people. In an economy that is…
It was just yesterday that shares of General Motors Corporation (NYSE: GM) went to the lowest price since 1933. Shares were around $1.15 on that alert. It has become even worse. Shares hit the…
Forget about 52-week lows. General Motors Corp. (NYSE: GM) is trading at what looks to be the lowest levels since April or May of 1933. There has not been fresh news from the company,…