Detroit Fearing No US Bailout, Looks Overseas
GM (GM) has plants in Mexico. Ford (F) has plants in Wales, Germany, Turkey, and Spain. Chrysler has facilities in Canada. Almost all of their suppliers source and build key parts in countries around…
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Newest first · Page 329A Century Of Cars: Does Detroit Deserve A Bailout?
Near the Detroit Metropolitan Airport, visible from several major highways, is a four-story tall replica of a Uniroyal tire. It was built for the 1964 World’s Fair in New York and was moved to…
GM (GM): A Debt For Equity Swap No Answer To Larger Problems
GM (GM) would like to get some unsecured debt-holders to swap their crumbling paper for equity in the failing auto marker. It may appear that this would solve a problem, but it creates several…
Ford’s (F) Strange Rally
Ford (F) made another perverse move up today rising as much as 22% to $2.64. At this juncture, even if the federal govenment does extend loans to the US car companies the firms will…
GM (GM) And Ford (F): What Bailout?
Are the markets still unstable? Are they subject to sharp moves on a rumor or a whim? Ford (F) and GM (GM) are both up about 30% today. The reason is astonishingly thin. In…
When Toyota (TM) Has A Rating Cut, The Auto Business Really In Trouble
Detroit is in real trouble. There has been some hope that the really healthy Japanese and European car companies could hold on to their credit ratings. Toyota (TM) has a bullet proof balance sheet…
Even With Huge Cost Cuts GM (GM) May Need Government-Supported Chapter 11
After months of hunting, there still may be no single solution to the market and economic problems that are driving GM (GM) out of business. Any steps will have to bring together creditors, suppliers,…
Good News For Detroit: An Interview With Edmunds.com
24/7 Wall St. interviewed Jesse Toprak, Executive Director of Industry Analysis at Edmunds.com. One of the largest issues looking at November domestic vehicle sales is whether bankruptcy rumors are pushing buyers away from American…
S&P Bets Against Obama Car Bailout
S&P does not appear to be willing to bet that the new administration will want to or be able to bail out GM (GM), Ford (F), and Chrysler. If the credit rating agency is…
Tiger Woods Ends His Worst Endorsement Deal (GM)
General Motors (NYSE: GM) and Tiger Woods are calling their current endorsement deal quits. The company and the world’s greatest golfer have agreed to an amicable separation which will end his endorsement of GM…
Will US Government Open Hundreds Of Car Dealerships?
Hundreds of junior employees from Treasury may be asked to don cheap suits and take up residence at car dealers all over America. They can put "sale" signs on windshields and run streamers across…
As GM (GM) Looks At Chapter 11, UAW Should Dust Off Strike Fund
The GM (GM) board is looking at a Chapter 11 as a way to get the car company out of its mess. Even if Congress approves funds for the car company, it might insist…
Obama Camp Denies Pre-Packaged Chapter 11 Plan For Detroit
So much for the Bloomberg report that the new administration would set up a pre-packaged bankruptcy for GM (GM) and perhaps other car companies. According to Reuters, President-elect Barack Obama’s transition team is not…
A Pre-Packaged Bankruptcy For GM (GM)? Begging For A UAW Strike
Bloomberg is reporting that the new administration may push for a pre-packed bankruptcy for GM (GM). "President-Elect Barack Obama’s transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible solution to…
Ford Run Over By S&P (F, GM)
Standard & Poor’s has come out with another timely research call today, and while shares are still up about 5% they are off of intra-day highs.. The ratings agency has lowered its ratings on…