Senior management at Chrysler has told The Wall Street Journal that the company plans to "expand outside North America by licensing vehicle production, outsourcing manufacturing and building cars in joint ventures with…
According to Reuters, profits at UBS rose to $4.7 billion in Q2, but the bank said the difficult markets could hurt second half results. Reuters writes that Wal-Mart’s (WMT) Japanese unit, Seiyu…
Ford (F) is off almost 5.5% today, victim of the double whammy. With private equity frightened of its own shadow and the $10 billion Home Deport (HD) Supply deal in trouble, it…
Ford’s (F) Alan Mulally told an industry conference that the company should be profitable again in 2009. At about the same moment, GM (GM) was saying the its was revising its 2007…
The Wall Street Journal writes that Ford (F) may have trouble selling Jaguar and Rover due to "uncertainty over how the European Union will apply new regulations on carbon-dioxide emissions." Because the…
Douglas A. McIntyre According to Reuters, Bear Stearns (BSC) has several potential buyers including JP Morgan (JPM) and Bank of America (BAC) Reuters writes that a court overturned a patent infringement award won by Alcatel-Lucent…
Tom LaSorda, Chrysler’s CEO, was kicked out of the corner office today. Maladroit manager Robert Nardelli, who did his best to sink Home Deport (HD) while CEO there, gets the top job…
According to Reuters, net income at Toyota (TM) rose sharply on strong US and European sales. Reuters writes that American Home Mortgage (AHM) will close today and lay-off all of its employees.…
According to Reuters, auto sales in the US dropped in July and imports took more than 50% of the market for the first time as sales dropped shsrply at GM (GM) and…
GM’s (GM) US sales fell 22% during July to 320,935. Car sales fell 26% and light trucks were off by 19%. At about the same time that GM announced its results Ford…
Sales of Toyota (TM) vehicles fell over 7% to 224,058 in the US during July. Ford (F) and Chrysler (DCX) had significant drop-offs in unit sales last month. The Japanese car maket…
July sales for Ford (F) could not have been much worse. Total vehicles sold in the the US fell 19% to 195,245. Truck sales were off 11% to 135,157. Car sales plunged…
Douglas A. McIntyre The press and the business community clearly want large US car companies Ford (F) and GM (GM) to prevail in their struggles to reshape themselves as smaller, profitable companies. They are icons…
According To Reuters, News Corp (NWS) agreed to buy Dow Jones (DJ) for $5.6 billion Reuters reports Sanofi-Aventis profits were hit by cometition from generics. According to The Wall Street Journal, Bear…
The UAW negotiations with GM (GM), Ford (F), and Chrysler (DCX) has awakened a sleeping dog. Why isn’t Toyota unionized in the US? The media is filled with data on how much…
