VW Plans To Overtake Toyota (TM) And GM (GM) In Worldwide Sales
Bold words. VW says that by 2010 it can produce 10 million vehicles and pass Toyota (NYSE: TM) and GM (NYSE: GM) as the world’s largest car company. According to the Times "To those…
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GM (NYSE: GM) would rather not put money into its former parts operations which is now a separate company and in Chapter 11. Because of tight credit markets, the large auto company has agreed…
Strike At Suppliers Helping GM (GM)
According to Bloomberg, GM (NYSE: GM) has a 113 day supply of trucks. That is well above the 60 days that most industry analysts believe is ideal. Strikes have closed some companies which supply…
GM (GM) CEO Loses His (Real) Job
GM (GM) CEO Rick Wagoner got kick upstairs to the realm of the Zeppelin pilots yesterday. The company said that he did not lose any of his authority, but it put in a new…
Goldman Sachs Defends Federal-Mogul With Upgrade (FEMO)
Federal-Mogul Corp. (Pink Sheets: FEMO) was raised from a Neutral to a Buy rating at Goldman Sachs this morning. Goldman Sachs noted that the 29% sell-off since its post-bankruptcy issuance has created a unique…
GM (GM) Needs To Kill Some Brands
GM (NYSE: GM) has eight car brands. There has been a debate for at least 20 years, from after the Saturn brand was launched by then-CEO Roger Smith, about whether it made sense to…
The Great Car Sales Bust (GM)(F)(TM)
After a tough 2007, it would be hard to believe that a domestic car company could have a 13% drop in January sales. GM (NYSE: GM) did just that. The stock is so low,…
Better Quality Cars Are Killing Auto Industry (GM)(F)
During the 1970s and 1980s US car companies like Ford (NYSE: F) and GM (NYSE: GM) got into trouble for building low quality cars. They tended to have to be in the repair shop…
Toyota (TM) Shows Detroit How To Save Money
Toyota (NYSE: TM) has rolled out the first car under its new cost savings program. Not only is the car cheaper to make, but the largest Japanese car maker claims it is safer to…
Toyota (TM) Gets Pounded In Europe
Toyota (NYSE: TM) is not used to seeing its sales go anywhere but up. It has certainly had a tremendous ride in the US and Europe over the last several years. Numbers from Europe…
GM (GM) Earnings Preview, International Numbers Are Key
When GM (NYSE: GM) posts earnings it will be the first look at what the company’s expense run rate will be as it moves into 2008. There may be one-time charges for employee buyouts…
A Lesson For GM (GM) And Ford (F): Chrysler Cuts Its Throat
Like some many unsuccessful companies before it, Chrysler wants to cut its way to profitability. The privately-held company, run by Home Depot (NYSE: HD) exile Robert Nardelli, will probably chop its number of brands…
GM (GM): The High Cost Of Going Green
GM (NYSE: GM) says that 50% of its cars in the US should be running on ethanol by 2012. According to Reuters "GM will have 11 ethanol-capable vehicles on the market this year and…
GM’s (GM) Excellent Adventure
Robert Nardelli, Home Deport (HD) exile and current CEO of Chrysler, may be wishing he stayed in retirement. His new company lead the decline in domestic car sales in January. Chrysler sales fell 12%…
Ford (F): More Incentives, Bad News
One of the things Ford (F) CEO Alan Mulally wanted to do at the car company was cut the use of incentives. They can cost auto firms as much as $5,000 per vehicle. Average…