GM And UAW Start To Trade Horses
Now that it appears that there is a good chance that the UAW will accept a transfer of funds used to cover healthcare from the Big Three to the union. the real dealing is…
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GM (GM) suffered an analyst downgrade today. Goldman Sachs moved the shares from "buy" to "neutral". In a way, it is a surprise that it did not happen sooner. On September 10, GM traded…
Ford: Nothing Left To Cut
Mark Fields, EVP of Ford (F) was in line to become CEO. But, the job went to someone from Boeing (BA). Fields may have shown why yesterday. The Ford exec made the comment that…
GM And The UAW Go After Each Other
According to Bloomberg, "United Auto Workers President Ron Gettelfinger picked General Motors Corp. (GM) as the union’s strike target after arguing with the automaker’s North American head over funding for a proposed union-run retiree…
GM, Ford, And The UAW Back The Wrong Horse
The current stage of the UAW talks with the Big Three must be based on the assumption by the car companies and union that the rank and file works are boobs and buffons. As…
Car Companies See Counterfeits in China
BMW is suing Chinese car maker Shuanghuan Automobile for producing an SUV called the CEO, which the Germany company says is a copy of its X5. And, that may not be the end of…
VW Pick-Ups To Come After Toyota And GM
Detroit’s big profit machine is the SUV and pick-up markets. Even through sales in these categories have fallen off, the margin per unit has stayed strong. Unfortunately, Toyota (TM) has moved into the large…
GM: Just Take The Job Cuts
GM (GM) and its Detroit peers have been pushing the UAW to consider establishing a fund to handle the health care costs of its members. The car companies would contribute as much as $60…
The Chinese Car Market: Oh Lord, Won’t You Buy Me A Mercedes Benz
The Chinese car market, like many things in the world’s most populated country, does not cease to astonish. China has passed Japan as the No. 2 vehicle market in the world, and is now…
As Chrysler Looks Overseas, GM, Toyota, And VW Wait
It would be nice to think that hiring one person could help Chrysler build its business overseas where it has very little market share. The company did pick-up GM’s (GM) former head of China…
G.M. Clipped By Goldman Sachs (GM, F)
Shares of General Motors are indicated down over 2% ahead of the open today at $30.40 on a negative research note out of Goldman Sachs. Goldman trimmed GM’s estimates and the target on the…
Toyota August Sales: No Silver Lining
Toyota (TM) US sales fell unexpectedly, down 2.8% to 233,471. Passenger car sales fell but light-truck sales rose 2% to 97,964 from 96,034 a year earlier. According to MarketWatch, Toyota blamed the dip on…
GM’s Big August Sales Win
GM (GM) August sales in the US rose 5.3% to 388,168. The company’s shares moved up well over 2% to $31.40 The company’s pick-up line did especially well. Douglas A. McIntyre
Ford’s Sales Worse Than Expected
Ford’s (F) US sales for August were worse than expected, dropping 14.4%. Ford said it sold 218,332 vehicles last month, down from 255,112 a year ago, with a 33.7% drop in car sales leading…
Ford, GM, Toyota: August Auto Summary
However badly the big car companies bled sales this summer, it appears that August brought no hope for better days. Bloomberg speculates that Toyota (TM) sold more cars that Ford (F). The news service…