According to Reuters, OPEC will probably keep oil output at current levels. Reuters writes that a goverment plan to help sub-prime borrowers will probably freeze their rates for five years. Reuters writes…
Going back to 1962, GM (GM) sold half of all the cars bought in America. By 1981, it had only dropped to 45%. In 1999, the Big Three still had a 71%…
Ford (F) and GM (GM) said they would cut back production for 2008. Demand is just not there due to higher fuel prices and a slow economy. But, that is not the…
GM’s (GM) shares sold off almost 5% on news that it sold 261,273 cars and light trucks in the United States in November compared to 293,558 vehicles a year earlier, an 11%…
Douglas A. McIntyre These are not the only analyst calls that are impacting key shares today, but these are the top ten that 24/7 Wall St. is looking at as impact events on their own:…
According to Reuters, GM (GM) will start to build a hybrid car in China. The problem is that, in a country where the government underwrites that price of gas, there is no…
Douglas A. McIntyre According to Reuters, GM (GM) will begin to build hybrid cars in China next year. Reuters writes that BHP Billiton (BHP) is insisting that a merger with Rio Tinto (RTP) will not…
Management at GM (GM) says that November sales are on track. With the stock at a 52-week low, that may be a relief for investors. And, it could cause the stock to…
Douglas A. McIntyre Ford has world class management now, at least according to the company. It has a better deal with the UAW, which improves its balance sheet and will sharply improve its cost base…
According to Reuters, the Fed’s decision to make an October rate cute was a "close call." Reuters writes that Paulson said home loan defaults will be much higher in 2008. Reuters writes…
GENESCO (GCO) Broken buy-out. Down to $29.04 from 52-week high of $54.15. Unisys (UIS) No new news. Old line computer maker working on transformation to services. Down to $5.13 from 52-week high…
Just a couple of months after hitting a 52-week high at $43.20, GM (GM) touched a new 52-week low today at $27.94. Maybe it was word that some auto industry experts think…
Douglas A. McIntyre Imagine what would happen if vehicle sales in the US dropped nearly 10% from one year to the next. Car sales did drop 11% in America during 1991 and hit a low…
It looked like things were getting better for the US car industry, but then along came higher fuel prices and the housing slump. Those UAW deals don’t look like such a big…
Douglas A. McIntyre Perhaps Americans thought they would never hear it, but the Chinese have admitted that US consumption is one of the critical engines of the Asian country’s 10% annual GDP growth rate. And,…
