Ford (F): Bad End To 2007, Little Hope For 2008
Ford’s (F) December sales totaled 212,094, down 9 percent compared with a year ago. Ford’s full-year 2007 sales totaled 2.57 million, down 12 percent compared with a year ago. More than two thirds of…
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Over the last year, shares in Toyota (TM) are down well over 20%. The fact that GM (GM) and Ford (F) have fallen makes sense. They are still losing market share in a shrinking…
December May Wipe Out US Car Company Progress, Cast Shadow On 2008
It looks like December will be another ghastly month for US car companies. Based on a survey of auto analysts by Bloomberg, units moved by the old "Big Three" could drop 7% or so…
In 2008, A Train Wreck For Car Sales (GM)(F)
The final month of 2007 looks pretty bad for car sales, and going into next year, things could get worse. According to MSNBC "December sales are expected to fall around 4 percent, which would…
Why Toyota (TM) May Miss 2008 Forecasts
Toyota (NYSE:TM) raised its forecasts for fiscal 2008 to 9.85 million vehicles, up 5.2% from the number of cars it expects to sell for its year ending March 31. That would mean the company…
Ford (F) Likely To Pick Tata
Ford (F) looks likely to pick Tata of India to buy Rover and Jaguar. The Times of London says the price for the sale will be slightly over $2 billion. The upcoming sales begs…
Toyota (TM) Gets Better At Saving Money
Part of what was supposed to happen in Detroit this year was that the new UAW contract was going to lower costs for the Big Three. This would bring their cost to produce a…
A Big Recall For Chrysler, A Black Eye For Detroit (GM)(F)
Chrysler is recalling over 575,000 vehicles. According to Reuters "long-term wear on the gear shift assembly could cause them to shift out of park without the key in the ignition." The move does no…
Big Three Cut Production Of Most Profitable Products
It is no secret that Detroit makes its biggest money on SUVs and pick-ups. That is a huge problem. The US companies are launching smaller cars as fast as they can to try to…
Debt Rating Companies Worry About Auto Industy, Again
The new cost cuts at GM (GM) and Ford (F) are not going to help them with their debt service. Cash flow will be hurt by a combination of lower US car sales and…
Merging GM (GM) And Ford (F)
Going back to 1962, GM (GM) sold half of all the cars bought in America. By 1981, it had only dropped to 45%. In 1999, the Big Three still had a 71% share of…
A China’s Chery Begins To Export Cars, Auto Companies Face New Competition
Ford (F) and GM (GM) said they would cut back production for 2008. Demand is just not there due to higher fuel prices and a slow economy. But, that is not the entire reason.…
GM (GM) Sales Tumble
GM’s (GM) shares sold off almost 5% on news that it sold 261,273 cars and light trucks in the United States in November compared to 293,558 vehicles a year earlier, an 11% drop. Douglas…
Finally, Some Good News From Ford (F)
November was supposed to be ugly for domestic car sales, but Ford (F) did fine. Ford sales totaled 182,951, up 0.4 percent versus a year ago. The company had seen 12 straight months of…
GM (GM) Goes Green In China
According to Reuters, GM (GM) will start to build a hybrid car in China. The problem is that, in a country where the government underwrites that price of gas, there is no demand for…