GM (GM) Earnings: US And Emerging Markets Are Bad, Cash Gets Low
Trading in GM’s (GM) shares was halted just before earnings came out. They may want to keep trading on hold for a year or two and keep the stock from going to zero. The…
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GM (GM), Ford (F), and Chrysler managements are shuttling in and out of Washington trying to get both the people leaving and the people coming in to lend them $30 billion or $40 billion.…
If Detroit Goes Down, So Do Three Million Jobs (GM)(F)
Every industry has its blue chip think tank, In the case of cars it is The Center for Automotive Research. The research operation has come out with a new and disturbing study.
The Death Of The “China Miracle” Hits Car Sales (GM)(F)(WMT)(GE)(MCD)(HPQ)
US car sales have been awful, running off as much as 30% recently. But, there is always China. It is big for McDonald’s (WMT), Wal-Mart (WMT), GE (GE), and Hewlett-Packard (HPQ). Everyone wins in…
Worst Corporate Press Release Of The Day: Chrysler
Leave it to Chrysler to follow up one of the worst months in its history with a press release about its new gas-guzzling Challenger. Chrysler’s vehicles sales dropped 35% in October. The car company…
Thor’s RV Sales Follow Credit Off The Cliff (THO, WGO)
Thor Industries, Inc. (NYSE: THO) issued its preliminary sales and backlog guidance, and as the company sells RV’s you could have likely guessed that sales were down sharply. Thor said that for the quarter…
Saving The Car Industry One Sale At A Time (GM)(F)
John Dingell and other slippery congressmen and governors who get free meals and martinis from car company lobbyists went to the Federal Reserve and begged for $10 billion to help GM (GM) finance a…
Foreign & US Autos, A Nursing Home Beauty Contest (GM, F, TM, HMC)
It was no secret that US auto sales were going to be down the drain. Frankly, it is hard to find many who really expect any sudden recovery. The election on Tuesday and lower…
GM’s (GM) Stock: Now Just A Junk Bond
GM’s (GM) stock can no longer be viewed as equity in the sense that it would be at most companies. It does trade on the NYSE, at an average volume of 28 million shares…
Toyota (TM) And Honda (HMC) Finally Lock Up US Market
American car companies hoped the day would never come. Data from October is expected to show the market shares of Toyota (TM) and Honda (HMC) for US vehicle sales is expected to be over…
Taking Chrysler Through A Chapter 11
Because Chrysler is now a private company, no one outside the corporation and its investors has a precise picture of its finances. Through the first nine months of this year, Chrysler sold 1.18 million…
The Car Business Gets Excellent Again (GM)(F)(TM)
It has only taken a week for the global auto business to rebound from one of its worst periods in decades. GM (GM) is close to a deal to buy Chrysler. The Federal Reserve…
GM (GM) Up 9% On Merger Rumors
GM (GM) shares are up 9% on rumors that all major issues needed to set up a merger with Chrysler have been worked out with Cerberus which owns a majority of the smaller car…
Even Asia Is Weak For GM (GM)
It has been clear for some time that GM’s (GM) sales in the US and Europe have been poor and are likely to stay that way. The company said that in the third quarter…
VW: Largest Market Cap In The World (TM)(F)(GM)(XOM)
In a sign that the car industry is alive and well, the market cap of VW passed Exxon (XOM) to move it into first place worldwide. According to Bloomberg, the stock rose when "Porsche…