Nissan’s Carlos Ghosn: Hero No More
Carlos Ghosn was the global car industry’s rock star. He turned around Nissan and then went to Europe and fixed Renault. He teamed with Kirk Kerkorian in an attempt to get GM (GM) to…
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GM (GM) came out with good results today, vindicating its CEO Richard Wagoner. Investors are still waiting at Ford. Alan Mullaly joined as CEO early in September of last year. Within a few days,…
GM Comes Through With A Vengeance
GM needed to prove to Wall St. that its cost cuts were working. It did so in spades. The big auto company reported a fourth quarter profit of $950 million, after a loss of…
How The UAW Sent The Big Three’s Jobs Overseas
Very few businesses that are inflexible survive. And, the UAW may be called a union, but it is a business. And, for years it did well. The Reuther years. The UAW got its members…
US Car Manurfacturing Heads Toward Zero
One solution to the high cost of union labor, its pension and health-care requirements, is to build cars outside the US. The UAW will fight to the death to keep the jobs they have…
Chrysler: The Unions Watch For The Squeeze Play
The head of DaimlerChrysler told the Financial Times that he did not like the treatment his company is getting from the UAW. Dieter Zetsche, Daimler’s chief executive, branded the unions’ attitude “totally unacceptable”. The…
To Keep US Car Makers In Check, Toyota Moves On India
For the US car makers to do well, they not only have to gain back share in the US. They need to do well in the fastest growing auto markets, particularly China and India.…
Private Equity Eyeballs Chrysler, Again
The Financial Times says that Cerberus Capital Management, Carlyle, Apollo Management and Ripplewood are looking at Chrysler (DCX). And, recently departed VW chief Wolfgang Bernhard may be advising one of them on the transaction.…
Toyota Loses Gas As GM Gains Speed
Shares in Toyota (TM) were down 3.9% in Tokyo trading over night. The Nikkei was down, but not nearly that much. It may be dawning on Wall St. that the big Japanese car company…
Toyota Keeps A Quick Pace
Toyota (TM) sales in the US rose 12% to 187,330, maintaining a pace the US car companies simply can’t match. Sales of the core Toyota brand rose 13% to 164,812. Lexus sales lagged, up…
Is it over for U.S. Automakers? Say it ain’t so
From The Stock Masters Is there hope America? Today Ford said its U.S. auto sales fell 13.5% in February and DaimlerChrysler posted a 7.7% decline. Meanwhile, Honda said its U.S. sales rose 3.2% on…
GM: The Bright Spot in US Autos
General Motors (GM-NYSE) shares just launched on the FEB auto numbers. It was assumed of a drop, yet the total US sales rise was listed as 3.4% to 311,763 cars and trucks. Retail sales…
Ford’s FEB Auto Sales Down, With an Explanation
Ford just released -13% year over year auto sales but the good news is that truck sales were only down 8.8% of that and the RETAIL sales were only down 8%. The reason it…
Chrysler Sales Down, But Not Off The Cliff
DaimlerChrysler AG (DCX-NYSE/ADR) has reported total group sales of 191,810 passenger vehicles in the U.S. for February 2007, an 8 percent decrease compared to February 2006. Chrysler Group, consisting of the Chrysler, Jeep and…
Saturn Bludgeons GM’s Asia Rivals
Who would have believed that the unit which was GM’s (GM) weakest for years is now leading the charge against its Japanese rivals? Not anyone sane. But AutoObserver, a unit of Edmunds, says that…