GM’s (GM) Future May Ride On Two Wheels And Not Four
GM’s (GM) domestic car sales are off almost 50% this year, so selling cars is no longer the company’s strength. Since it is an auto firm, coming up with an alternative business would seem…
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Newest first · Page 322China Working On Leading Global Car Industry
Two years ago, the Chinese were viewed as car industry amateurs. Most of their design and manufacturing skills came from joint venture partners in the US and Europe. Chinese cars where shown at the…
March Car Sales: When Better Is Awful (GM)(F)(TMC)(HMC)
Like a number of other numbers which have come out in the last month, US light vehicle sales were slightly better than expected. Tell that to the US car companies which are still losing…
Nice Surprise For Chrysler: S&P Cuts Fiat To “Junk”
The Administration seems to be counting on a partnership between Chrysler and Fiat before providing federal funds to the No.3 US car company. Most observers would agree that Chrysler is the weaker of the…
Ford Learns Lesson From Hyundai (F)
Hyundai has become a very successful auto company in the US if you consider the state of the auto industry and the current economy. It’s “lose your job, we take the car back” plan…
Will Wagoner End Up At Nissan/Renault?
Rick Wagoner, former CEO of GM (GM), is not old enough to retire. He has an incredible CV which includes running a huge but troubled car company for eight years. Another firm in the…
Toyota Can Finally Take Over The US Car Market
Toyota’s (TM) share of the US light vehicle market is 18% and Honda’s (HMC) is 10%. GM’s (GM) share of its home market is about 22%. Fifty-five years ago, the No.1 US car company…
Chrysler: No Deal With Fiat?
After making it look like a deal with Fiat was done, Chrysler had to back track on statements to the effect. Chrysler initially said that, “We are pleased that Chrysler, Fiat and Cerberus have…
Car Company Chapter 11 Still Not An Option For Government
The US car companies still have an ace in the hole. The Administration cannot take Chrysler and GM (GM) into bankruptcy without the probability that it will severely undermine stimulus plans meant to save…
A Lucid Moment At GM (GM)
GM (GM) management has finally begun to wise up. Even if the government gives it every dime that it asks for and the Administration can bring the UAW and the company’s creditors to their…
Still No Road To Recovery In Detroit (F)(GM)
The Administration’s blue ribbon panel assigned the task of deciding what should happen to GM (GM) and Chrysler has, as would be expected, said that it wants to keep the two companies out of…
Government Signals It Will Help GM (GM) And Chrysler: Now The Hard Part
According to The Wall Street Journal, the Administration’s auto task force will recommend that the government give GM (GM) and Chrysler billions of dollars in more bailout capital rather than have them file for…
Some Hope For Ford (F) As Abu Dhabi Puts Cash In Daimler
Ford (F) is in the best financial health of The Big Three. Its position could improve more, at least temporarily, if its deals to cut debt and reset its contract with the UAW work…
The Recession Fighters’ Caravan Moves Back To Detroit
The team that plans to bring the economy out of the recession is a bit like a traveling circus. Once every few days, it stops on Wall St., the metaphor for all of the…
Car Companies Face Rapidly Deteriorating Dealer Financials (GM)(TM)(F)(HMC)
For over a year, analysts have said that one of the largest problems car companies face is dealers who go bankrupt. It is actually a double-edged sword. If under-performing franchises fold, it can help other…