Ford (F) came within a nickel of its 52-week low yesterday, hitting $4.35. News also came out that the US car companies will urge Congress to support funding up to $50 billion…
Douglas A. McIntyre Several reports indicate that GM (GM, Ford (F), and Chrysler are approaching the government for a total of $25 billion in loans at interest rates as low as 4.5%. The money could…
The quality of American cars was supposed to be getting better. Perhaps that was an illusion. Part of the reason that investors thought GM (GM) and Ford (F) could come back was…
Car sales in China may not have gone negative year-over-year, but they are getting close. In July, sedan sales were only up 1.9%. If SUVs and light trucks are thrown in, the…
According to Reuters, Ford (F) will build a news luxury crossover vehicle. Reuters writes that Merrill Lynch (MER) will freeze all hiring through the end of the year. Reuters reports that the…
If you believe that the bond rating agencies either matter or still offer any relevance in the post-meltdown (or is it mid-meltdown?) world, then you can see they are at it again. …
According to Reuters, Goldman Sachs (GS) will buy $1.5 billlion in assets from ABN. Reuters reports that Ford’s (F) new plans will not change because of the fall in gas prices. Reuters…
According to Reuters, JP Morgan (JPM) lost $1.5 billion in July. Reuters writes the UBS (UBS) posted a huge loss and will split itself into a wealth management operation and an investmen…
It is a Category 5 irony that Toyota (TM) may be faced with exporting cars it makes in the US to other countries. It initially conquered the small car market in the…
Corporations often start a business that becomes a famous brand, or buy companies that already have highly recognized brand names. Over time these brands often lose their earnings power. Corporations who find…
Chrysler had a fair amount of trouble re-financing a relatively large portion of its debt. The company’s finance division was only able to raise $24 billion to replace a $30 billion facility.…
Nice guys finish last. Ford (F) is a fine example. After being the No.2 car company in the US fro decades, it will probably moving into the No. 4 spot behind Honda…
GM’s (GM) poor earnings were matched by its July sales. US light vehicle deliveries dropped 26.1% to 233,340 units from a year ago. Total truck deliveries declining 35.4% to 129,849 units. The…
If we told you General Motors (NYSE: GM) was having troubles and needs to trim bad brands (and more workers), you’d accuse us of working for for the government’s Department of Redundancy…
Chrysler is exiting the car leasing business and GM (GM) and Ford (F) have a foot out the door. All of those SUVs that come back off lease sit on dealer lots…
