There are the 24/7 Wall St. odds that several companies will have to file for Chapter 11 between now and the end of the year. These will become a permanent part of…
Kirk Kerkorian will end up owning more than 5% of Ford after he completes his current tender. He does not like to lose money, so if things don’t get better at the…
There was nothing wrong with relying heavily on pick-ups and SUVs for the bulk of GM’s (GM) sales. That is what CEO Rick Wagoner told the FT. The fact that "light trucks…
Short sellers sharply increased their bets against big US banks based on data from the NYSE as of May 30. The number compare with those onMay 15. Short interest in Washington Mutual…
Ford (F) will be cutting 15% of its white collar expenses before August 15. According to Reuters, Ford said "We told employees today we are going to cut salaried work force-related expenses…
Douglas A. McIntyre Everyone in the car industry waits for the once-a-year JD Power Initial Quality Study to come out. The poll looks at how many defects a car has in the first 90 days…
According to Reuters, nuclear energy is beginning to make a comeback Reuters reports that Vodafone (VOD) said Verizon Wireless is in talks to buy Alltel. Reuters writes that Corporate Express will open…
GM (GM) reported a 28% drop in May domestic sales to 268,892 cars and trucks from 371,056 a year ago. Cars dropped 14% while trucks fell 37%. GM blamed strikes, including the…
A lot of analysts thought that Cerberus management, usually so clever and sharp, made a buffoon’s move when they bought into Chrysler and GMAC. The auto market immediately went South. It turns…
Kirk Kerkorian may be able to join Carl Icahn as a billionaire who has taken a lot of mad gambles recently. According to Reuters, "Kerkorian’s investment vehicle Tracinda Corp said it would…
VW says it want a bigger market share in the US. Much bigger. With the tremendous competition in the world’s largest car market, it may not get there, unless it can buy…
Douglas A. McIntyre According to Reuters, merger talks between United (UAUA) and US Air (LCC) has been halted. Reuters reports that a US oil probe is focusing on price manipulation. Reuters writes that April insured…
It is not 1876, and GM (GM) CEO Rick Wagoner does not have long blond hair. But, Mr. Wagoner is in mortal trouble and there may not be much he can do…
The Detroit News says that Ford (F) will cut another 12% of its salaried workforce. Who will keep the books and design the cars? There must be some point at which Ford…
In late 2005 and early 2006, GM’s (GM) stock hit multi-year lows, dropping below $20. Ford’s (F) shares also sold down on fears that both companies could face Chapter 11. Their costs…
