GM (GM) Sales Go To Hell
GM (GM) reported a 28% drop in May domestic sales to 268,892 cars and trucks from 371,056 a year ago. Cars dropped 14% while trucks fell 37%. GM blamed strikes, including the three-month break…
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Newest first · Page 338Cerberus Dumped Chrysler And GMAC, Great New For Autos (GM)(F)
A lot of analysts thought that Cerberus management, usually so clever and sharp, made a buffoon’s move when they bought into Chrysler and GMAC. The auto market immediately went South. It turns out the…
Ford Motor Credit Hurts Recovery, Independence
VW says it want a bigger market share in the US. Much bigger. With the tremendous competition in the world’s largest car market, it may not get there, unless it can buy its way…
GM (GM): Custer’s Last Stand
It is not 1876, and GM (GM) CEO Rick Wagoner does not have long blond hair. But, Mr. Wagoner is in mortal trouble and there may not be much he can do about it.…
More Ford (F) Cuts, As Company Disappears To Nothing
The Detroit News says that Ford (F) will cut another 12% of its salaried workforce. Who will keep the books and design the cars? There must be some point at which Ford cannot continue…
GM’s (GM) Worst Year, Thanks To The UAW
In late 2005 and early 2006, GM’s (GM) stock hit multi-year lows, dropping below $20. Ford’s (F) shares also sold down on fears that both companies could face Chapter 11. Their costs were far…
Ford (F) Falls On Its Sword
After over a year of saying it would make a profit in 2009, the new management at Ford (F) has given up the ghost. Once auto sales started to move down sharply the middle…
Honda’s (HMC) Hybrid: Driving Miss Daisy
Introducing new car models is now all about the environment. Too much gas is bad for the ozone, global warming, and Al Gore. The race to create hybrids and vehicles which use ethanol is…
GM (GM) Sells Off As Market Wakes Up To Troubles
It did not take a story in The Wall Street Journal to let Wall St. know that it would be a hard year for GM (GM) and its peers in the US. Perhaps the…
Toyota (TM) Prius: No Longer Just For Sissies
No one can make the case that the Toyota (TM) Prius is just a car for tree-hugging environmentalists. The vehicle has now sold one million units worldwide. The figure is particularly impressive because the…
GM (GM) Wants To Raise Money, Lehman Says It Must
GM (GM) said yesterday that it might want to raise some capital. Today, Lehman indicated that the car company may not have a choice. According to Reuters, an analyst at the broker said "GM…
A Red Light For GM (GM)
GM (GM) says it has plenty of money on hand for tough times. So do Ford (F) and Chrysler. Based on where the two public companies trade, almost no one believes that. As if…
Nissan Sends Up Smoke Signals About US Market
Ford (F), GM (GM), and Chrysler have continued to maintain the hope that car sales will turn in the second half of the year. Since they have been falling by double digits each month,…
Ford (F) To Sell Volvo And Mercury?
Jerry York, henchmen for Kirk Kerkorian, has told Automotive News that it is time for Ford (F) to dump Volvo and Mercury. The former car exec said that the No.2 car company should keep…
Utilities And Commodities Prices Kill Alternative Cars: The Coal-Powered Auto
Owning one of those new cars that runs on ethanol or electricity may be more expensive than the old-school gas versions, even if petrol stays at $3.50 a gallon. The math wizards at The…