GM (GM): Trading $16.6 Billion For 47,000 Jobs
GM (GM) says it needs more money from the federal government or it will run out of cash next month. It has made some progress with its creditors and the UAW, but neither of…
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Newest first · Page 324The US Won’t Let GM (GM) Go Bankrupt
General Motors (GM) will not file Chapter 11. The government cannot afford to see a large portion of the job creation benefits of the stimulus package destroyed by having the big car company’s fate…
Europe Is Not A Way Out For GM (GM) And Ford (F)
GM (GM) and Ford (F) each used to have remarkably profitable European operations. A large part of their annual net income came from the region. Now, it looks like auto sales in the EU…
As Auto Recession Deepens, Toyota (TM) Cries “Uncle”
Toyota (TM) will make large cuts in its North American operations as sales in the region continue to fall. Given the strength of the Japanese company’s balance sheet, the moves speak volumes about how…
Will GM (GM) Get The Cash It Needs From China?
Maybe GM (GM) won’t have to turn to Congress for a big rescue package. Putting in money may be of benefit to a company outside the US government. One of China’s largest car companies…
China Finally Tops US In Car Sales
GM (GM), Ford (F), and Chrysler better pick up the pace of their sales in China. It is about the only place where anyone is buying cars. China car sales slowed a bit in…
Nissan: The Global Car Recession Takes Another Victim
Nissan hit the car industry with news that was worse than expected. It will not only post a very large loss for the year, it will cut 20,000 jobs. What is more stunning than…
Is Chrysler Near The End? Management Press Dealers To Order More Cars
Car dealers don’t want more cars. They have them stacked up on their lots, many several months old and rusting. Most dealers are paying interest on that inventory. They borrowed to have them trucked…
No Car Company Will Ever Outperform Toyota (TM)
Barry Bonds’ home run record will never be broken. No car company will ever do better than Toyota (TM). The Japanese company said it would lose $4 billion in the current fiscal and was…
Saving The Car Industry By Tearing It To Pieces
The car industry in the US is no longer just under siege. It is irreparably broken. There are no longer circumstances under which costs can be cut enough to make the business viable if…
GM (GM) January Sales: Odds Of Chapter 11 Go Way Up
Turning around GM (GM) and getting additional money from the federal government to support the company after the end of March depends on two things. The first is that GM has to get its…
Ford (F): January Sales Off 42%, Will Need Bailout
The Ford (F) media relations department writes the most misleading press releases of any large company in the US. Ford’s January sales were down 42%. The entire first section of the document on January…
Toyota (TM) Production Forecasts For 2009 Now Down by Almost Two Million
Toyota (TM) has cut its production forecasts for 2009 for the third time. That is hardly good news for Ford (F) and GM (GM) which rely on a balance of foreign and domestic sales…
2009 Car Sales: Detroit Can’t Cut Costs Enough
As domestic January vehicle figures begin to come in, one of the facts that is going to become clear is that the US market may only only produce ten million unit sales this year.…
Trading Cash For Old Cars, Then Dumping Them In Holes
The auto industry and government have floated a few ideas to jumpstart car sales. Among these are subsidizing low cost car loans. Another is to pay car companies a piece of the purchase price…