Ford’s (F) US sales for August were worse than expected, dropping 14.4%. Ford said it sold 218,332 vehicles last month, down from 255,112 a year ago, with a 33.7% drop in car…
Douglas A. McIntyre However badly the big car companies bled sales this summer, it appears that August brought no hope for better days. Bloomberg speculates that Toyota (TM) sold more cars that Ford (F). The…
The head of Ford (F) says that a tough economic environment will not undermine that company’s turnaround. According to an interview with Bloomberg. “We put together a pretty robust transformation plan," said…
Ford (F) management won’t say this, but it is in no rush to sell Jaguar or Range Rover until next year. Mahindra & Marhindra, the Indian car conglomerate,TPG Capital, Cerberus Capital Management,…
According to Reuters, US Steel (X) will buy Canadian steel company Stelco for $1.1 billion. Reuters writes that Singapore’s state-owned Temasek Holdings has approached Nasdaq (NDAQ) about buying its stake in the…
The UAW is being threatened by Ford (F) and GM (GM). Agree to cost cuts, or we move production overseas. The sight of the gallows focuses the mind.The UAW is being asked…
For decades GM (GM), Ford (F), and Chrysler have essentially negotiated as a block. Not so this year, according to Bloomberg. Chrysler, now privately held and without a rich parent, is trying…
Helping the economy should be a "priority" for the Fed, according to the head of Ford (F), Alan Mullaly. He tells the FT that "economic and credit conditions were a “big headwind”…
Douglas A. McIntyre According to Reuters, several Asian banks disclosed that they had exposure to US sub-prime mortgages. Reuters writes that Monster (MNST) took five days to disclose the theft of personal data on 1.3…
China used to be the next big thing for the Big Three. Now it is South America. GM (GM) is saying that it can grow it Latin America and African revenue by…
Below are short interest figures for major companies traded on the NYSE as of August 15 compared to July 13, 2007 Largest Short Positions Ford (F) …
Senior management at Chrysler has told The Wall Street Journal that the company plans to "expand outside North America by licensing vehicle production, outsourcing manufacturing and building cars in joint ventures with…
According to Reuters, profits at UBS rose to $4.7 billion in Q2, but the bank said the difficult markets could hurt second half results. Reuters writes that Wal-Mart’s (WMT) Japanese unit, Seiyu…
Ford (F) is off almost 5.5% today, victim of the double whammy. With private equity frightened of its own shadow and the $10 billion Home Deport (HD) Supply deal in trouble, it…
Ford’s (F) Alan Mulally told an industry conference that the company should be profitable again in 2009. At about the same moment, GM (GM) was saying the its was revising its 2007…
