The Associated Press released an exclusive story which reported that Chinese car company Beijing Automotive Industry Holding might buy Volvo. It is odd that the auto firm cannot find a buyer in…
Over the past week, the 24/7 Wall St.–The Channel Checkers poll surveyed Ford dealerships to gauge business trends at the ten retailers. We asked the following questions: 1. What is the best selling vehicle currently? 2. Are…
The government was successful when it warned that if the Supreme Court delayed the Chapter 11 process of Chrysler more than a few days, the No.3 US car company might be forced…
Reuters: 3D is bringing a new dimension to the computer world. Reuters: The Supreme Court was asked to block Chrysler sale. Reuters: China bankers called for US sales of yuan bonds. Reuters: …
The UAW under Walter Reuther was arguably the most powerful union in the United States negotiating contracts with all of The Big Three on what became a pre-set cycle. Reuther got union…
Reuters: GM (GM) will file for Chapter 11 today. Reuters: Geithner told China its dollar assets are safe. Reuters: A judge approved the sale of most of Chrysler’s assets to a group…
Word is out that the Dow Jones Indexes team is set to release the name of the replacement for General Motors (NYSE: GM) in the Dow Jones Industrial Average. We have heard…
Chrysler is well on its way through the Chapter 11 process. The media has pointed out that even if everything goes as planned Chrysler has a line of vehicles that desperately needs…
Car parts maker Visteon is is going into Chapter 11 and if a number of its peers follow it, there is a chance that the supply of components to US car companies…
The bets are on that General Motors Corp. (NYSE: GM) is done as far as the current stock is concerned. While it seems that the equity holders of today will keep 1%…
GM’s (GM) creditors have rejected a program that would have swapped most of the auto company’s debt for equity, effectively driving the firm into Chapter 11. The century that began with the mass production of…
Reuters: Chrysler is already seeing positive effects from bankruptcy. Reuters: The US is working with GM (GM) on a Chapter 11 filing as the June1 deadline looms. Reuters: Pimco’s Gross says US…
GM (GM) is about to notify about 20% of its dealer network that it will not renew its contracts with them when they expire next year. By most estimates well over 1,000…
Reuters Obama hopes to have healthcare bill by July Reuters Documents on Paulson’s meetings with banks forcing them to take TARP have been released Reuters Banks sued MBIA (MBI) over its $5 billion…
According to Reuters, Bernanke says he was encouraged by the stress tests. Reuters reports that GM (GM) will probably exit the Dow. Reuters writes that Bank of America (BAC) will probably sell…
