Lee Iacocca, Chrysler’s CEO in 1979, worked for $1 a year while his company paid back taxpayers $1.2 billion in loan guarantees. Edward Liddy, former CEO of Allstate (ALL), was paid $1…
Toyota (TM) dominated the 2010 JD Power Vehicle Dependability Survey. Granted, the poll looks back over a period of a year. Power describes the methodology as “original vehicle owners were asked to report the type and…
Every car sold in America, and perhaps the rest of the world, is broken or dangerous to drive so it seems. Toyota (TM) has recalled more than eight million cars. Ford (F) says…
Toyota’s US sales are recovering in March, as improbable as that may seem. Industry research group Edmunds.com said the Japanese company’s zero percent incentive plan has brought Toyota’s market share in the US…
Like GM and Toyota (TM) before it, VW aims to be the largest car company in the world within a few years with a huge lead over its competition. In the meantime,…
General Motors can’t get brand exit strategies right regardless of who is running the show there. Government Motors held a press conference today to discuss the death of the Saab Automobile brand.
Douglas A. McIntyre GM recently made a number of optimistic comments about its future. These centered on its success in emerging markets such as China and its belief that it can keep 18% of the…
General Motors is still much of the talk since it exited bankruptcy protection early Friday. This was a quick bankruptcy process and was well ahead of historic bankruptcy timelines, avoiding what many…
Douglas A. McIntyre Everyone wants to know when an initial public offering of General Motors (GMGMQ) will occur. Its emergence from bankruptcy has only expedited the curiosity of when the company will be public again. …
Douglas A. McIntyre The Administration says it wants a “quick exit” from its investment in GM. The taxpayers should not have to own a US auto company any longer than they have to. The problem…
Douglas A. McIntyre Toyota (TM) says that the global automotive industry is facing two more lean years. It expects to lose more money this fiscal year than it did last and to run most of…
Reuters: A survey shows the global stimulus spending lacks direction. Reuters: The race for “green” cars is still wide open. Reuters: GM (GM) and Chrysler will face Senate scrutiny are dealer closings.…
GM (GM) is supposed to the poorly managed bankrupt car company that has trouble producing vehicles that the domestic market will buy. Toyota (TM) is the nibble competitor with the fuel-efficient and…
There are enough smart financiers and former Wall St. veterans in the Treasury Department so that the staff there should know how to hedge a bet. The Administration has taken the extremely risky…
Reuters: Global consumer confidence is improving. Reuters: GM (GM) filed for Chapter 11 and expects a quick exit. Reuters: Most US retailers probably had sales drop in May. Reuters: China gave Geithner…
