GM (GM) Better Than Expected
General Motors (GM) delivered 284,300 vehicles in September. Sales were down 16% from the same month last year. Car sales fell 10% to just over 118,000. Light trucks were off 19%. Cadillac did poorly with…
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Newest first · Page 333Ford (F) September Sales: It Couldn’t Get Much Worse
Ford (F) has an atrocious September. The car company reported total sales of 116,734, down 34 percent versus a year ago. Volvo sales were off over 50%. Overall Ford brand SUV sales dropped 57%…
Detroit Bailout Can’t Solve Credit Crisis (GM)(F)(TM)(HMC)
Detroit is getting its $25 billion in loan guarantees from the federal government. Ford (F), GM (GM), and Chrysler did not have access to enough capital to upgrade their plants without outside help. The…
GM (GM): One Hundred Years And No Experience
GM (GM) is celebrating its 100th anniversary this year. Cake and candles. It has even introduced its new Volt electric car, which it says is the future of the company. In the midst of…
GM (GM) Shares Should Drop 50% By Year-End
Between the credit markets and consumer spending, GM (GM) is caught in a vise. The car company needs more money and Congress seems less inclined with each passing day to want to hand out…
Car Companies Want In On Rescue Plan (GM)(F)
The financial system is looking for a form of what theologians call "universal salvation". What began as a simple piece of legislation to get $700 billion into the banking industry by the government purchasing…
GM (GM) Dives Into Its Line Of Credit–Running On Empty
General Motors (GM) said on Friday that it will draw down $3.5 billion on the $4.5 billion line of credit it put in place with JPMorgan Chase (JPM) and Citigroup (C) back in 2006.…
Autos Next In Government Handouts? (GM, F)
If you look at the auto stocks today, you might deduce that they are next in line for the government corporate bread lines and farm camp jobs. Ford Motor Co. (NYSE: F) is…
S&P Slams GM Hard (GM)
As if the US auto industry wasn’t already under fire enough, today we have yet another ratings action. The good news is that this is on the stock rather than the debt ratings. The…
Porsche Takes Over VW, May Invade US (GM)(F)
After years of speculation, Porsche has become the controlling shareholder in VW. The news seems counterintuitive because VW is by far the larger company, but Porsche’s ownership dates back years to when it took…
Emerging Markets Help Ford (F) And GM (GM) Get Their Loans
The premise for Detroit going to Washington for $50 billion in loan guarantees is that the auto industry needs cheap money to retool factories that can build more fuel-efficient cars. US buyers don’t want…
As Chinese Slow Car Buying, Detroit Can Panic (GM)(F)(WMT)(DELL)
Since almost no one in the US or Europe is buying cars, auto companies have been looking to China for salvation. That does not put them in a different class from other large companies…
Ford (F) Tries To Play Small Ball (TM)(GM)(HMC)
Ford (F) wants investors to think that there is profit in small cars. Since there is no money in SUVs and pick-ups, that is the company’s only option. Gas prices are probably not going…
GM’s (GM) Less Bad August
GM (GM) did not lose 25% to 30% of its sales in August when the numbers were compared to last year. It was less bad than that. The company reported a 20.3% fall in…
Ford (F) Hits Its Worst Case Scenario
"Worst case scenario" is a term used by people who have been out of business school for less that two years. It is a buffoon’s way of saying that a firm has gone directly…