GM (GM): April Down 16%, Toyota (TM) Slips
April sales at GM (GM) fell 16.2% to 257,638. Adjusted for two extra selling days sales dropped 22.7% led by a 32 percent decline in truck sales. Reuters reports that iInventory fell to about…
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Newest first · Page 339Ford (F) Slaughtered, April Sales Down 12%
If car sales are any indication of the broader economy, it is time to get to the food lines. In April, retail sales at the company fell 12% to 200,727. The only division which…
Can The Economy Recover Without Detroit?
Detroit is now viewed as a metaphor for the car industry in the US, even if GM (GM) and Ford (F) are the only public companies based there. For purposes of domestic car sales,…
Detroit: What Good News? (F)(GM)
Ford’s stock has gone through a series of spasms the last few days. First the company said it has made $100 million. Almost no one expected that and the stock rose sharply. The next…
Kerkorian Steps Into Ford (F)
Kirk Kerkorian, billionaire and elder statesman of takeovers, said he will make a tender offer for another 20 million shares of Ford (F). The price will be $8.50 a share. His timing is odd.…
Used Cars Pile Up Undermining Ford (F) And GM (GM)
The tendency among buyers of auto stocks is to look at falling expenses at the big firms like GM (GM) and Ford (F) and to hope that unit sales in the US won’t keep…
As Eos Goes Under Risks Rise At AMR (AMR)(DAL)(UAUA)(CAL)(NWA)
Eos was an extremely odd duck of an airline. It flew only one route, from New York’s JFK to London. It was an all business class affair, but, with a recession in full-swing flying…
A Comeback For Ford (F)
Ford’s (F) share are trading up 5%. The company had an outstanding quarter. The car company reported net income of $100 million, or 5 cents per share, for the first quarter of 2008. This…
No Turnaround At Ford (F)
The Wall Street Journal thinks that things are getting better at Ford (F) and that management efforts can now be called a "turnaround". The paper points to improving earnings and cars which get better…
As Nissan Links Up With Chrysler, A Lesson For Ford (F)
Nissan and Chrysler will begin joint production of some cars and trucks. It makes sense. Nissan produces small, fuel-efficient cars and the US company is the past master of building pick-ups. So, like Jerry…
GM (GM) And Toyota (TM): 662,000 Recalls
GM (NYSE: GM) and Toyota (NYSE: TM) are, between the two of them, recalling 662,000 cars in the US, a market where only 15 million vehicles will be sold this year. Most of the…
Detroit’s Newest Lifeboat: Exporting Cars From The US
The Big Three reason that if they cannot sell enough cars in the US, they can make them here and send them overseas. There new agreement with the UAW and a weak dollar make…
Why No One Wants Delphi?
When Appaloosa Management pulled out a $2.55 billion equity deal to support Delphi in its exit from Chapter 11 the reason given was that an increasing investment by GM (GM) would give the car…
GM’s (GM) Plans For Delphi Fall Apart
With sales off nearly 20% in March, GM (NYSE: GM) does not need any more headaches. But, it got one today. The company’s former parts operation, Delphi, is in the process of coming out…
Security Spending Tightens, LoJack Warns For Year (LOJN)
Shares of LoJack Corporation (NASDAQ: LOJN) are being hit hard in after-hours trading. The company is issuing an earnings warning for 2008, although it is quick to point out that this is believed to…