Reuters: The Chinese are learning the problem of easy access to credit cards. Reuters: The US recovery is still slow while France and Germany are rebounding. Reuters: UBS (UBS) clients in America…
GM says it will sell 1.4 million cars in China this year. It sold about 180,000 in the US in July. The critical difference between its costs in the two markets is…
Reuters: A college education no longer means easy employment in China. Reuters: Fannie Mae (FNM) lost $14.8 billion. Reuters: The auto “clunkers” legislation passed the Senate. Reuters: Obama is in no rush…
GM’s new chairman Edward E. Whitacre Jr said that one of his major goals is to make certain that the No.1 US car company stays N0.1. GM will find it very hard…
The human toll of the recession, reported to be the worst economic downturn since the 1930s, has been so searing that it could be considered cruel to evaluate this event for any…
GM’s new chairman Edward E. Whitacre Jr said that one of his major goals is to make certain that the No.1 US car company stays N0.1. GM will find it very hard…
Reuters: A plan for universal healthcare in China could cut the savings rate. Reuters: Bank regulators are opposing the Obama shake-up of the system. Reuters: Bank of America (BAC) settled SEC charges…
GM’s July sales fell 19%, more than any of the other major car companies, to 188,156. The number is down so much that without the Pontiac and Saturn brands that it plans…
Ford’s (F) July sales rose 2.3% to to 165,279. SUV sales were weak, off 36%, so cars and crossovers had to make up for that. GM’s sales moved sharply in another direction.…
Nissan’s new Leaf car doesn’t use any gas and it does not produce any emissions. It is electric and it will be available in the US, Japan, and Europe next year. Nissan…
Reuters: Video games hope to make a comeback with new titles and price cuts. Reuters: “Cash for clunkers” should help July car figures. Reuters: USB (UBS) shares should do well after it…
Markets in Asia were mixed. The Nikkei fell a fraction of a percent to 10,352. Toyota (TM) rose on Ford’s (F) strong July numbers. The Hang Seng rose .2% to 20,620. The…
Ford (F) made two audacious decisions recently, decisions made in an industry where audacity is a distant memory that died when Lee Iaccoca left the business. William Clay Ford, Jr., the company’s…
The $1 billion “Cash for Clunkers” program was an ideal way for the government to protect its $50 billion investment in GM by stimulating domestic car sales as the industry enters the…
Ford (F) makes better cars than it did last year, or at least there is better demand for them. The “cash for clunkers” program put together by the US government helped sell…
Douglas A. McIntyre 