Taxpayers will probably not get the tens of billions of dollars that they put into Chrysler and GM back, ever. That is the opinion of the Congressional Oversight Panel. The committee also…
Douglas A. McIntyre Reuters: First Solar (FSLR) plans a huge solar field in China. Reuters: Kraft (KFT) plans to cut its supplier base to save costs. Reuters: Cuomo may charge Bank of America (BAC) over…
Reuters: Sales growth of Ford (F) and Hyundai topped other car companies. Reuters: The EU could slow a takeover of Sun (JAVA) by Oracle (ORCL). Reuters: Home sales and factory orders signaled…
The “cash for clunkers” data by car manufacturer and model type is incorrect. The Department of Transportation numbers reports cars by drive train and not by brand. Edmunds was able to see…
August light vehicle sales in the US have to be good. The “clunkers” program produced almost 700,000 sales. The industry might as well enjoy it while its lasts. September and the rest…
The volatility late last year and in March should have pushed all of the speculators out of the US stock markets. Very few investors made money and a number of individuals and…
Reuters: Price cuts on video consoles by Microsoft (MSFT) and Sony (SNE) have causeD the competition in the field to heat up. Reuters: AIG’s (AIG) new CEO says he is working hard…
August light vehicle sales in the US have to be good. The “clunkers” program produced almost 700,000 purchases. The industry might as well enjoy it while its lasts. September and the rest…
Reuters: Derivatives traders dipped into $4 trillion in client collateral. Reuters: Home sales and durable orders improved. Reuters: The US softened its stance on private equity deals to buy banks. Reuters: The…
Well, it seems that despite the notion that ‘cash for clunkers’ was nothing more than a giveaway is perhaps only partly true. This was another giveaway and it may ultimately pull away…
Toyota (TM) plans to cut its global capacity to manufacture vehicles by as much as one million units per year. It now has the ability to build 10 million autos, but will…
GM’s aged product chief, Robert Lutz, says he can tell a successful car by looking at it. Marketing studies are useless. Car men can spot a good car a mile away. Lutz…
Douglas A. McIntyre The “cash for clunkers” program was close to being a perfect part of the $787 billion stimulus package. It helped people who may not have been able to afford a car to…
Douglas A. McIntyre The New York Times got ahold of an early version of the 2009 new vehicle study done by The University of Michigan Customer Satisfaction Index. The paper reports that “in the rankings by…
Volkswagen Aktiengesellschaft, the company known to most Americans as VW, wants to become the world’s largest car company within a decade. VW has almost no chance of realizing that aspiration because it…
