Oouch! Auto Bailout Deal Dead In A Hour (GM)(F)
So much for the Detroit bailout that was supposed to be announced later today. CNBC is reporting that there is no deal. The network says: "Senate Majority Leader Harry Reid and House Speaker Nancy…
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Newest first · Page 330Talk That Car Industry Will Get Bailout (GM)(F)
Word from Washington is that a bailout agreement has been reach among the various factions in Congress. There will no details on the arrangement until a news conference later this afternoon According to MarketWatch: …
GM (GM) And Chrysler: Why Die Alone?
Rumors have surfaced again that Chrysler and GM (GM) may restart talks about a merger. For some time analysts and executives at the two companies have believed that a marriage would save $5 billion…
GM (GM) Hits 52-Week Low: Ford (F) Heads Toward Penny Stock Land
If stock market sentiment is any indication of whether The Big Three will get federal bailout loans before they run into solvency problems, then the world looks terribly grim. GM (GM) made a new…
Car Company Bailouts Move To China, Japan And Europe Next
A car industry bailout may save GM (GM), Ford (F), and Chrysler for a few months, but it is likely to set a painful precedent for governments in Asia and Europe. If troubled American…
Auctioning Detroit To The Japanese And Germans (TM)(GM)(F)(HMC)
When it comes to the trouble with the US car industry and a potential government bailout, the first and most important consideration is that no one is at fault. The dog ate everyone’s homework.…
Republicans Begin To Turn Against Detroit Bailout, Increases Chances of Bankruptcies
With the Fed and Treasury apparently willing to sit on the sidelines while GM (GM) and Chrysler run low on money and head toward possible bankruptcies, it has been left to Congress to put…
Wilbur Ross: Auto Bankruptcies Won’t Work
Restructuring expert Wilbur Ross says that car companies should stay out of Chapter 11. A bankruptcy of one of the firms would push large parts of the economy into depressions. According to Bloomberg, “If…
GM (GM): People Will Not Buy Cars From A Bankrupt Company
There is a perception among investors and government officials that GM (GM) CEO Rick Wagoner will say anything to save his job. He has argued hard and often that people will not buy cars…
Congress To Consider $25 Billion Auto Loan Which Bush Will Veto
The lame duck members of Congress are trying to get out of town. Their boxes are packed and they are leaving to join law firms in their old districts. Other members of the House…
Wall St. Gets Ready For GM (GM) Bailout And Disappointment
GM’s (GM) shares are up almost 15% to over $3.25 on new hope and old rumors that the government will bailout the company. Both Obama and a number of members of Congress are pushing…
A Contrarian View On GM (GM), And A Bad One
JPMorgan likes GM’s (GM) bonds. On the surface what is not to like? According to Reuters, "GM’s benchmark 8.375 percent bond due 2033 has dropped to 25.75 cents on the dollar, from 36.5 cents…
Analyst Call: GM Goes To Zero (GM, F)
General Motors Corporation (NYSE: GM) has been an ugly stock, in an ugly sector, in an ugly economy. Bailout or no bailout, things are looking haggard and questionable at the auto giant. This morning…
IBM (IBM) And P&G (PG) Bail Out Detroit
IBM (IBM) will pay about $4 billion in taxes this year. Procter & Gamble (PG) will pay closer to $6 billion. If GM (GM) is losing $1 billion a month, the income taxes from…
GM (GM): First Half Of 2009 May Be The End Of The Road
GM (GM) released earnings and, in the process, the company made it clear that it may not make it to the middle of next year without help. "Even if GM implements the planned operating…