GM (GM) and Ford (F) each used to have remarkably profitable European operations. A large part of their annual net income came from the region. Now, it looks like auto sales in…
GM (GM), Ford (F), and Chrysler better pick up the pace of their sales in China. It is about the only place where anyone is buying cars. China car sales slowed a…
GM (GM) is preparing to go through another round of layoffs. It has hopes, which are probably futile, that it can push out enough people, in addition to getting creditor concessions and…
Nissan hit the car industry with news that was worse than expected. It will not only post a very large loss for the year, it will cut 20,000 jobs. What is more…
There are an extremely small number of companies which are likely to do relatively well during the recession, either because they are the market share leaders in their industries by a wide…
Barry Bonds’ home run record will never be broken. No car company will ever do better than Toyota (TM). The Japanese company said it would lose $4 billion in the current fiscal…
Much of the crisis in the banking industry has been blamed on the inaction of the boards of directors at companies including Bank of America (BAC) and Citigroup (C). Some of Citi’s…
According to Reuters, Wall St. workers face a bleak future. Reuters reports that the Senate has agreed to a soft "buy America plan." Reuters reports that the government needs an investment plan…
The car industry in the US is no longer just under siege. It is irreparably broken. There are no longer circumstances under which costs can be cut enough to make the business…
The Ford (F) media relations department writes the most misleading press releases of any large company in the US. Ford’s January sales were down 42%. The entire first section of the document…
These are some of the top pre-market analyst downgrades and negative calls we have seen on Wall Street this morning: Avon Products (AVP) Cut to Neutral at Goldman Sachs. Cardinal Health (CAH)…
Toyota (TM) has cut its production forecasts for 2009 for the third time. That is hardly good news for Ford (F) and GM (GM) which rely on a balance of foreign and…
According to Reuters, Republican may keep fighting Obama on the stimulus package. Reuters reports that Roche dropped its bid on Genentech (DNA) to $42 billion. Reuters writes that the Administration will release…
Ford (F) says it does not need any TARP money. Its fourth quarter earnings have to make Wall St. and Congress question that. The No.2 US car company reported a fourth quarter…
Douglas A. McIntyre Watching the land grab for TARP money becomes more entertaining every day. Now Hertz (HTZ) and Avis (CAR) want money to buy Ford (F) and GM (GM) cars. The plan makes a…
