US Car Sales: Even Toyota (TM) Has A Bad Month
It says a lot when sales of Toyota’s (TM) are actually falling. In March, vehicle sales for the big Japanese company fell 10.3% in the US market to 217,730, Total passenger car sales fell…
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In March, Ford, Lincoln and Mercury sales totaled 213,074, down 14 percent compared with a year ago. Sales to individual retail customers were 17 percent lower than a year ago, with essentially the entire…
Parts Merger: O’Reilly Automotive Buys CSK Auto (ORLY, CAO)
O’Reilly Automotive, Inc. (NASDAQ: ORLY) has announced that it and CSK Auto Corporation (NYSE: CAO) have signed a definitive merger agreement. O’Reilly will acquire CSK in a transaction valued at approximately $1 Billion, after…
GM (GM) King Of Online Marketing, Chrysler Plays Joker
New research out reveals that GM (NYSE:GM) has made a sharp and powerful turn to the internet for marketing. A new comScore survey shows that in January, GM delivered nearly 1.7 billion ads and…
Ford (F) Sale Of Jaguar And Rover Does Nothing For Company
It now appears imminent. Ford (NYSE: F) will sell its Jaguar and Rover brands to India’s Tata Motors. According to the FT, "The sale is expected to have a price tag of about $2bn…
Bad News For Big Three: Nissan Sees Share Gains In March
No matter how much Detroit would like to change the math, the total always adds to 100%. Over the course of the last week, management from GM (NYSE:GM), Ford (NYSE:F), and Chrysler have tried…
The Ostrich Farm: Detroit’s Trouble Gets Worse (F)(GM)(TM)
When the most powerful company in an industry says it won’t makes it numbers, the ripples are bound to look like storm-driven waves. Toyota (TM), for so long certain that it would do well…
US Vehicles Sales Could Hit Thirteen Year Low (GM)(F)
GM (NYSE: GM) and Ford (NYSE: F) already trade near 52-week lows because of high gas costs and the rising prices of commodities for components used in cars. Now, JP Power is dropping its…
Ford (F) Management Tries To Save A Dead Patient
Ford (NYSE:F) is launching a mad new ad campaign with the tag-line "Ford. Drive One". The company is working with it local dealers to get them to push the same message. According to The…
US Car Companies: Let Ford (F) And GM (GM) Merge Domestic Operations
One thing is very clear now. The plans for GM (NYSE: GM) and Ford (NYSE: F) to make money in North American in 2009 are dead as a door nail. Both stocks trade below…
Chrysler To Shut Entire Company For Two Weeks
Chrysler LLC is planning to shut down the entire company for two weeks this summer as a cost saving move to accelerate Chrysler’s recovery and transformation. Chief Executive Robert Nardelli sent employees a memo,…
Shares in Ford (F) And GM (GM) Collapse
The wheels finally came off in Detroit. GM (NYSE: GM) is down 8% to $19.13, a new 52-week low. The stock bounced around that level in late 2005 and early 2006 when there were…
Toyota’s (TM) Nutty US Forecast
Toyota (NYSE: TM) says it expects car sales in North America to stay about the same as they were in 2007. That would man around 16 million units sold. "I believe U.S. economic fundamentals…
High Oil: A Year Of Bankruptcies For Auto And Airline Firms?
American Air (NYSE: AMR) dropped 10% yesterday to and hit $10.20. The shares have not been at that level since 2004. American lost money three of the last five years. It had a small…
Metal Commodity Price To Eat Car Company Margins, If They Had Any
Ford (NYSE: F) is trading near its 52-week low at $5.75. GM (NYSE: GM) came within a dime of its nadir today, trading at $21.43. These figures are not very different from where the…