AZO: AutoZone
By William Trent, CFA of Stock Market Beat Large Cap Watch List member AutoZone, Inc. (AZO) reported earnings: AutoZone, Inc. (NYSE:AZO) today reported net sales of $1.300 billion for its second quarter (12 weeks)…
Cars and Drivers
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Newest first · Page 352Could Daimler End Up Owning 20% Of GM
According to the FT, DaimlerChrysler (DCX) might take equity in GM (GM) if the large US company buys it smaller rival. 24/7 Wall St. has estimated Chrysler’s value at under $7 billion. GM’s market…
As Concern About Chrysler Sale Increase, Daimler Shares Fall
DaimlerChrylser (DCX) executives are distributing numbers on their ailing Chrysler unit to interest buyers. But the media is already reporting the companies like Nissan and Renault are not interested, the the company may have…
15 Companies That Management Can’t Fix: Ford
There are certain companies that probably cannot be turned around no matter who runs them. They tend to be in industries where macro-economic trends are against them, like the buggy whip business 150 years…
The Ford Recover Falters: Have Ford Common Shareholders Been Wiped Out? (Revised)
CNN Money reports the Ford is missing almost all of its short-term targets for sales, market share and cost cuts as 2007 move along. An employee survey shows that only 47% of the companines…
Toyota Marchs Into Europe
Toyota’s (TM) sales in Europe rose 20% in January pushing its total unit sales for the month ahead of DaimlerChrysler (DCX). TM units topped 82,000 for the first month of the year. It would…
Detroit Ostrich Farm: Building What Customers Want?
A week ago, the head of car mega-dealer AutoNation, called on Detroit to build cars configured the way that customers want them. The big dealer’s concern is that American car companies design vehicles for…
Is Chrysler Being Repaired Or Sold
Reuters says that the German media Handelsblatt and Frankfurter Allgemeine Zeitung are reporting that DaimlerChrysler (DCX) is seriously considering spinning off its troubled Chrysler unit. The report goes so far as to say that…
Daimler Shareholder Still Wants Rid Of Chrysler (DCX)
One of DaimlerChrysler’s large shareholders is still lobbying for a spin-off of Chrysler. The investment firm, DWS, wants the disposal of the American unit to be considered along side current plans to cut 10,000…
Saturn: GM’s Unlikely Muse
Saturn has been at the proverbial dog track with a note pinned to its shirt. "I am lost, please put me on a bus to this address" Although the car unit is owned by…
Toyota Rubs Salt In Detroit’s Wounds
Not enough that Toyota (TM) has been stealing market share left and right from GM (GM), Ford (F), and Chrysler (DCX). It is making a lot of money in the process to boot. In…
Chrysler And Mercedes To Merger, Finally
The Detroit Free Press says that Chrysler will cut 10,000 jobs and rely on its stable-mate in DaimlerChrysler, Mercedes, to pick up most of the work on product design. The companies may also share…
Ford’s Mullaly: Is It Better To Rule In Hell
Milton put the word’s into the Devil’s mouth: "It is better to rule in Hell than to serve in Heaven." That must be Alan Mulally’s feeling since joining Ford (F) and leaving Boeing (BA).…
GM Sales Dropped, But Shares Unphased
General Motors (GM-NYSE) sales were down at -19.7%, but while it was worse than expected the shares are actually up marginally (very marginally). Total January 2007 US auto sales out of GM were 247,464,…
Honda’s Tough Month
Sales for Honda (HMC) in the US only rose 2.4% in January, hitting 100,790. Oddly enough, truck sales rose 15.7% to 47,378. Detroit’s auto companies have been struggling in the pick-up and SUV departments,…