UAW Will Retreat As GM Rolls
Stocks: (F)(GM)(DCX)(TM) It’s all big talk at GM and maybe it should be. The largest auto maker says that 40% of US sales will come from new models. It plans to add European cars…
Cars and Drivers
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Frod’s shares took another beating yesterday, down over 4%, because the company said it would take on $5 billion in debt on top of the $18 billion it announced last week. The reasons Ford…
GM Europe’s Tow Truck (GM)
GM Europe is going to make money this year, and, so they say, more money next. Its earnings for the first three quarters of 2006 are $196 million. Sales in Russia are likely to…
Ford’s Collapse (F)
The Ford Motor Company’s share of the US market dropped to 14.8% in November. It is now behind GM, Toyota and Chrysler. A year ago in November its share was 16.9% according to auto…
November Car Sales
Stocks: (DCX)(TM)(F)(GM) Things were expected to be raw for Chrysler, but the company beat the devil. November sales of its cars and trucks rose 4.7% to 186,835, Even lagging division Chrysler sales were up…
Chrysler Shows Its Weak Hand
Chrysler (DCX) is mailing a $1,000 off coupon to 3.4 million people. The incentive is in addition to others already being offered. The company’s already reported inventory problem must be getting worse. Consumers can’t…