Detroit: To Make Matters Worse… (GM)(TM)
The car companies may be on a treasure hunt by the end of the year to improve their balance sheets with new cash. North American car and SUV sales are that and. If all…
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Newest first · Page 337Who Will Kerkorian Sell Ford (F) To?
Ford (F) management believes that Kirk Kerkorian and his mob of friends are hanging around the car company because they think CEO Alan Mulally is doing a fine job. Ford may want to have…
Detroit Ostrich Farm: GM (GM) Cuts Back SUV Design
Elvis has left the building but that does not seem to matter to GM. The company is cutting back on new designs for future SUVs, the same SUVs that no one will buy. The…
GM (GM) Chapter 11 Odds Moving Up To 25-To-1
Last week, 24/7 Wall St. listed GM’s (GM) odds of filing Chapter 11 between now and the end of the year at 30 to 1. Wall St. seems to think things are getting worse,…
Same Headline, Wrong Tactic, Again: Ford (F) To Cut Costs
Ford (F) is making the rounds of its employees and unions to tell them that the company will have to take out more costs. According to The Wall Street Journal, the word went out…
Ford (F) Asks Uncle Sam To Build An Electric Car
Ford (F) wants the Feds to help it build and market an electric car. The vehicle manufacturer argues that if Congress does not give incentives to citizens who want to buy the expensive motor…
GM (GM) Runs Out Of Ground
Investors figure the only way that GM (GM) makes it out of its current troubles is that its overseas operations make money to offset trouble in the US. In the domestic market, GM is…
Toyota’s (TM) Electric Razor Car (GM)(F)
Detroit may be falling behind the curve again. Toyota (TM) will begin to mass produce lithium ion-batteries in less than two years, making the chances that a working electric car will be in the…
GM (GM) Pays People To Take SUVs
Incentives for buying SUVs and pick-ups are getting so large that soon the car companies will pay customers just to clear out inventory. GM (GM) announced another round of cash-back deals, some as high…
Kerkorian: Ford (F) And The Making Of A Dunce
Kirk Kerkorian will end up owning more than 5% of Ford after he completes his current tender. He does not like to lose money, so if things don’t get better at the car company,…
GM (GM): We Have Made Our Bed, But Will Not Sleep In It
There was nothing wrong with relying heavily on pick-ups and SUVs for the bulk of GM’s (GM) sales. That is what CEO Rick Wagoner told the FT. The fact that "light trucks made up…
Detroit Bloodbath Improves Productivity (GM)(TM)
Tautology has raised it ugly head in Detroit where car company executives insist that the more people they fire, the more productive they become. So they fire more people each month and repeat the…
More Cuts At Ford (F), Bill Ford Keeps Chairman’s Job
Ford (F) will be cutting 15% of its white collar expenses before August 15. According to Reuters, Ford said "We told employees today we are going to cut salaried work force-related expenses by 15…
Useless News Of The Day: Ford (F) And GM (GM) Do Well In JD Power Quality Survey
Everyone in the car industry waits for the once-a-year JD Power Initial Quality Study to come out. The poll looks at how many defects a car has in the first 90 days after the…
Lear Follows Autos, Lowers Targets (LEA)
Lear Corporation (NYSE: LEA) has just lowered its guidance this morning based upon announced revisions of industry forecasting services and others which have announced downward revisions in their estimates for 2008 North American vehicle…