Toyota In The Passing Lane (F)(GM)(TM)
Ford recently said that Toyota would pass it to become the second largest car marketer in North America. Ford’s share in the US may slip as low as 14% and Toyota looks like it…
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Newest first · Page 355If Private Equity Likes Bankrupt Detroit Firms, How About Ford? (F)
Private equity and hedge fund money is all over Detroit, driving through the streets with trucks filled with gold. KPS Special Situations has put $23 million into Jernberg Industries. The car parts company has…
Ford Raises The White Flag (F)(TM)(HMC)
Surrender before the battle is over. Things are going that poorly. Ford conceded that Toyota would pass it sometime next year pushing the US car company into the No. 3 spot. The company’s downfall…
At Least Someone Is Making Money Selling Cars
Stocks: (KMX)(GM)(F)(DCX) CarMax had a profit in its latest quarter. A big one. The company even moved up its forecast for the next fiscal year. CarMax made a profit of $45 million up from…
If Chinese Car Companies Can Do Europe, Why Not The US? (F)
Ford’s Chinese auto joint venture partner in China, Jiangling Motors Co. Group, is planning to raise its presence in Europe next year to 500 car dealers. The company obviously believes it can do well…
Honda Swings For The Fences (HMC)(TM)
It is not enough that Toyota expects a banner 2007, now Honda has jumped on the band wagon. The Japanese car company expects unit sales to rise 5% worldwide to 3.55 million. It also…
California Gets More Nutty (GM)(F)(TM)
The big car companies being sued by the Attorney General of Califonia for causing global warming, which harms state citizens and damages the infrastructure. Apparently no other states have followed with litigation because the…
Detroit Loses More Ground (GM)(DCX)(F)
The average price of a new car from the Big Three dropped, again. Reuters quotes that Labor Department as reporting that new vehicle prices dropped .7% in November, the largest drop in over a…
Chrysler Needs A Salesman (DCX)(TM)
Tom LaSorda, the CEO of Chrysler, says he will be his own sales and marketing director. The fellow who held the job until recently was sacked. LaSorda says he will focus on dealer relationships…
Is Ford Better Off With More Debt? (F)
"The sight of the gallows focuses the mind." So said Samuel Johnson. With Ford taking on $25 billion in debt, almost doubling its cash and liquid assets, Wall St. has to wonder if the…
Will Chrysler’s Headquarters Move From Germany To China (DCX)
If Chinese car companies are having trouble breaking into the US market, perhaps that could just buy one of the Big Three. As inventories grow and profits disappear at Chrysler, there is more talk…
Detroit: It WIll Get Worse (F)(GM)(TM)
CSM Worldwide, which tracks auto trends, says that US car sales will be the worst they have been in nine years for 2007. The firm also predicts that US makers will continue to lose…
Toyota Faces Quality Issues As It Catche GM
Stocks: (TM)(GM) Toyota’s stock has run from $100 six months ago to about $122 now. But, over the last month, it is actually off slightly from $125. It makes sense for the stock to…
Detroit Versus The UAW
University professors and the press are saying that the UAW and the Big Three are on a collision course. With woker buyouts from Ford and GM and bankruptcies at large parts suppliers, the UAW…
Toyota Quickens It Pace (TM)(GM)
Like a champion marathon runner trying to put more distance between himself and his pursuers, Toyota is planning to streamline the way it makes cars and builds factories. Woe to the competition. Toyota wants…