Chinese Car Company Looks Ahead
Chery, one of the largest car companies in China and Chrysler’s new partner for building small cars, says that it should be able to sell one million vehicles in 2010. It sold 305,000 in…
Chery, one of the largest car companies in China and Chrysler’s new partner for building small cars, says that it should be able to sell one million vehicles in 2010. It sold 305,000 in…
Stocks: (GM)(DCX)(F) Mercedes-Benz, the luxury division of DaimlerChrysler, had a unit sales increase of 6.5% to 1.15 million. The reason for the increase was a 86% increase in sale of its big off-road and…
GM says that the spot as the world’s largest car maker is worth fighting for, just as Toyota is about to snatch the crown. The company said its plants could produce more cars that…
As The New York Times chronicles the collapse of Ford, the company has decided it is tired of having sand kicked in its face by Honda and Toyota. The US car company will begin…
The large car companies can stop putting out monthly figures and just make photo copies of the reports from the previous month. The US car sales fall and Toyota picks up more share. December…
Stocks: (GM)(F)(DCX)(TM)(HMC) In flying, going into a flat spin is about the worst news a pilot can get. As the aviation spec books say: "It is very difficult to recover from a flat spin…
Scotia Economics Global Auto Report is predicting a flat 2007 for worldwide vehicle sales. Units in mature markets like Canada, the US, Western Europe, and Japan could actually attriite. Sales in growing markets like…
Chrysler cut a deal with Chinese car maker Chery to build small, gas efficient vehicles. Chrysler will market the cars worldwide. The deal is likely to torque off the UAW no end, and could…
Maybe GM ran out of gas as 2006 closed. The stock was up over 50% for the year, but has sold off recently. It could be a breather, or it could be the end.…
DaimlerChrysler has about $190 billion in revenue per year. At last quarter’s run rate, Chrysler was about $49 billion of that. But, last quarter Chrysler lost about $1.5 billion. Some of Daimler’s shareholders would…
Late word out of Japan is that Ford’s CEO met with top management at Toyota. The reports says that Ford is intererested in Toyota’s hybrid technology and sourcing of less expensive parts. The only…
China has announced that it is going to slow outside investment in the nation’s car industry. Sales of cars in China will grow about 22% this year to seven million and 15% next. It…
While Wall St. short sellers seem to be betting against Ford, may are not willing to wager that GM will drop as well. Short interest in the world’s largest auto maker fell by 5.9…
The short interest in Ford skyrocketed in December. The number of shares sold short was up 43.2 million from the previous month to 145 million. That is a big move both absolute and in…
Stocks: (F)(TM)(HMC) The Wall Street Journal ran a cover story about Ford CEO Alan Mulally’s new "war room". The walls are covered with charts and photos, Projects are color coded based on priority. Perhaps…