Car manufacturers will announce their domestic sales for October today. Analysts expect them to be good, although that is relative. The annual run rate of US vehicle sales will probably be below…
Today’s corporate America is dominated by service companies, tech firms, and huge retailers which have thousands of locations and hundreds of thousands of workers. At the end of the decade following WWII,…
GM’s largest problem for the IPO seems to be investor skepticism. Late yesterday came the SEC filing paperwork from General Motors for its long awaited initial public offering. There has been a…
General Motors is out with its S-1 filing. In short, its IPO filing is now out and official. Terms are not disclosed and the amount listed for filing purposes was $100 million…
Jon C. Ogg General Motors has already reported earnings and is due to file its paperwork with the SEC soon for its upcoming IPO. But things just got complicated. General Motors announced that Ed Whitacre…
General Motors, or Government Motors, has two key data points for today. First is the earnings report. Second is that it is about to formally file for its initial public offering. Revenue…
Jon C. Ogg Ed Whitacre, the former chairman and CEO of AT&T and current head of GM looks like the Wizard of Oz scarecrow—tall and under-stuffed. Whitacre, however, can afford to buy new straw. He…
MarketWatch: Goldman Sachs Group (NYSE: GS) was upped to overweight at JPM. Reuters: Large shareholders of BP plc (NYSE: BP) were against the oil company raising a large sum of capital by…
China’s car sales increases slowed very sharply in June, up only 10% compared to the same month last year, according to the China Automotive Technology & Research Center. The news comes four…
GM’s IPO may come as early as next month after a long period of media speculation about the event and comments from the car company’s CEO Ed Whitacre, according to several media…
China is now the largest car market in the world, having moved ahead of the US last year. Most analysts believe that 16 million cars and light trucks will be sold in…
Reuters: Maria Cantwell (D-WA) will support the Senate financial reform bill, giving Democrats a boost. Reuters: Automakers had a setback in June, an indication that the industry is facing slow growth. Reuters: …
Updated throughout the day. “Deutsche Bank AG, Commerzbank AG and Bayerische Landesbank passed a stress test that evaluated how about 25 European lenders would weather an economic downturn, said three people familiar…
Douglas A. McIntyre Toyota Motor (NYSE: TM) CEO Akia Toyoda spent most of the company’s annual meeting today trying to gain back shareholder trust and explain how the Japanese automaker will regain its footing. “I…
There are more rumors that GM will have an IPO before the end of the year. The latest gossip is that the Treasury will sell 20% of its shares in the process,…
Douglas A. McIntyre