GM’s most valuable assets have finally been sold to a company controlled by the federal government. A judge approved the transaction early today. The “new GM” should be out of bankruptcy court…
There is still some conversation about the federal government restricting short-selling activity in certain stocks. The counterargument to these restrictions is that short selling plays an important role in the valuation of…
Reuters: California declared a financial emergency. Reuters: An SEC attorney raised concern about a Madoff report in 2004. Reuters: Auto parts supplier Lear filed for bankruptcy. Reuters: NYC apartment sales are down…
Ford’s (F) June sales were down “only” 11% to 154,873. That means, based on drops in volume at other large manufacturers, that Ford picked up market share during the month. Ford Fusion…
Hyundai has been gaining auto market share in the US. The Korean firm sold almost 37,000 light vehicles in America last month. Its success is moving it to a level where it…
It is time for Detroit to pull its products and sponsorship dollars out of NASCAR. Toyota (TM) may be able to afford the marketing luxury, but Ford (F), Chevy, and Chrysler cannot. Chevy…
Toyota (TM) says that the global automotive industry is facing two more lean years. It expects to lose more money this fiscal year than it did last and to run most of…
Short sellers jumped out of major financial shares but piled into the stocks for major industrial firms based on data as of June 15. Shorts clearly think the restructuring of the bank…
The federal government has set up a number of systems to effectively control the financial and credit systems along with most of the major firms that operate in the sector. The most…
Reuters: The head of a Congressional watchdog committee is pushing for a consumer protection agency. Reuters: China defended its export policies against a WTO complaint. Reuters: Citigroup (C) intends to raise the…
The latest JD Power new vehicle survey, the Miss America pageant of the auto industry, showed the quality of US cars closing the gap with Japanese models to the point where the…
Reuters: Toyota’s (TM) new management has a rocky road. Reuters: A poll shows confidence in Obama’s economic plans drops. Reuters: Apple’s (AAPL) Jobs was at work. Reuters: Ford (F) and Nissan will…
Who needs Advil when it is more expensive than aspirin and probably does no better at reducing pain? Who needs Starbucks (SBUX) when Maxwell House has just as much caffeine? A new…
The novel approach that the federal government is taking to fixing the American car industry is that it will bail out the manufacturers while letting their suppliers fail. Car parts firms asked…
Reuters: The US outlined new financial market reforms. Reuters: Obama lobbied MDs on his new healthcare package. Reuters: Russia hosted the first BRIC summit. Reuters: B of A’s (BAC) BlackRock (BLK) stake…
