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According to Reuters, GMAC will get $6 billion from the government with $1 billion coming through GM (GM). Reuters reports…
The easy answer to the question of what US operations of The Big Three are worth is that they are…
A lot of fairly well-known public companies either disappeared or went bankrupt this year. Circuit City is on the list.…
According to Reuters, Chrysler will idle its plant for a month to cut inventory and costs. Reuters reports that the…
Markets in Asia were mostly higher. The Nikkei rose .6% to 8,867. Honda (HMC) dropped after cutting profit forecasts. The…
According to Reuters, the Fed may need to use a trillion dollars to halt the economy from moving into a…
Hand it to Andrew Grove, the former CEO of Intel (INTC). He wrote a book about how paranoid he is…
Markets in Asia were mixed. The Nikkei rose .8% to 8,396. Honda (HMC) rose slightly. Nintendo was up on news…
GM (GM) distributed its turnaround plan to Congress. It was almost exactly what the market expected, but it fudges one…
A lot of fat, pork-barreling Congressmen who are supposed to vote on an auto bailout just want to go home…
Markets in Asia were sharply lower. The Niikkei fell 6.4% to 7,964. Honda (HMC) fell on a strong dollar. The…
Markets in Asia were mixed. The Nikkei fell 1.4% to 8,397. Honda (HMC) fell sharply on concerns about sales. The…
Near the Detroit Metropolitan Airport, visible from several major highways, is a four-story tall replica of a Uniroyal tire. It…
Markets in Asia were mostly higher after a rally in the US. The Nikkei was up 5.2% to 8,324. Canon…
When it comes to the trouble with the US car industry and a potential government bailout, the first and most…
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