Ford Motor Unloading More Shares To Raise Cash (F)
Ford Motor Company (NYSE: F) has announced that it will raise capital via a registered public offering of some 300 million shares of common stock. At the closing price of Ford today, this would…
Cars and Drivers
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Newest first · Page 320The World’s Best CEOs
In the right hands, big turnarounds do happen. By Mark Gimein of The Big Money Once upon a time, there was a car company that was one of the world’s sickest. Its managers spent…
The Humble Scooter: When Stimulus Packages Collide
As the government tries to dig the economy out of recession, the Administration is beginning to see that some of its stimulus packages are beginning to compete with one another. Congress and the President…
Toyota (TM) Is Mortal
Toyota (TM), the most successful car company of the last two decades, suffered several of the indignities that other car firms have faced for the last two years. The No.1 auto firm in the…
GM’s (GM) Losses Go Global And Market Share Collapses
GM (GM) lost money in the last quarter, a total of $6 billion. That it only lost that much is a testament to its successful cost control work. The company’s revenue dropped a breathtaking…
Government Seems To Be Having It Way With Chrysler And GM (GM)
It appears that the creditors at Chrysler and GM (GM) may be running out of luck and time to get what they think is a reasonable payments for their investments. A federal bankruptcy judge…
GM (GM) Sales In China Up 50%, A Way For The Company To Raise Money
GM’s (GM) most valuable asset may be its operation in China. Sales at the division rose 50% in April to 151,084. The No. 1 US car company sold 173,007 light vehicles in the US…
Fiat Works To Become The Next GM (GM)
When GM (GM) was by far the largest car company in the world at the beginning of the decade it had vast operations in the US, Europe, Asia, and Latin America. The bulk of…
Chrysler Makes A GM (GM) Bankruptcy Harder
The Chrysler bankruptcy makes a bankruptcy at GM harder because the American consumer may only be able to deal with the Chapter 11 of one of its auto companies, particularly the one that is…
April Car Sales: Worse For The Japanese Than Detroit (TM)(HMC)(GM)(F)
In a bit of a role reversal, the US light vehicle sales of the large Japanese car companies did worse than The Big Three for the month of April. But, no one did well.…
Why Chrysler Doesn’t Matter
By the time Chrysler filed for Chapter 11 yesterday, it was no longer a large American company. Although the firm is private, most estimates are that the No.3 US car company may only have…
Goverment Says Chrysler Bankruptcy Will Be Easy, Pigs Also Fly
The Administration is talking like it has the judge who will preside over the Chrysler Chapter 11 in its pocket. Obama recently made the comment that “it will be a quick trip through bankruptcy.” The government…
Chrysler Going Bankrupt
Bloomberg reports that Chrysler is going bankrupt. “President Barack Obama plans to announce tomorrow that Chrysler LLC will be placed into Chapter 11 bankruptcy, leading to an alliance with Italian automaker Fiat SpA.” Based…
When The Government Funds Companies To Fire People
GM (GM) must fire another 21,000 factory workers, as part of a plan to get an additional $11.6 billion in aid from the federal government. The restructuring plan would give creditors stock in the…
Is GM (GM) Worth $130 Billion?
On news that GM (GM) has put together a new and very aggressive restructuring program, its shares are higher by 22% to $2.07, which gives the company a market cap of $1.28 billion. With…