5:58am ET
Cars and Drivers
Toyota (TM) Needs GM (GM)
Toyota (TM) wants GM (GM) to go out of business. Then the Japanese car company could take the No.1 market share position in America, perhaps over 25%, and make a fortune when the…
GM Coverage Page 192
3:53am ET
Media
Media Digest 2/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the biggest problem GM (GM) may face is a mountain of debt. Reuters reports that investors in Stanford funds are pushing hard to get their money out. Reuters reports…
5:40am ET
Cars and Drivers
GM (GM): Trading $16.6 Billion For 47,000 Jobs
GM (GM) says it needs more money from the federal government or it will run out of cash next month. It has made some progress with its creditors and the UAW, but…
Douglas A. McIntyre 3:54am ET
Media
Media Digest 2/18/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According, to Reuters, GM (GM) and Chrysler have asked for another $22 billion. Reuters reports that the SEC has charged Alan Stamford with “massive fraud.” Reuters reports that Trump’s image is being…
3:56am ET
Media
Media Digest 2/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a poll of economists says the Japanese economy is likely to get worse. Reuters reports that Trump Entertainment may file for Chapter 11. Reuters writes that California may have…
4:51am ET
Media
Media Digest 2/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Obama has dropped the idea of appointing a “car czar”. Reuters reports that Japan’s GDP is dropping at an annual rate of over 13%. Reuters reports that the Administration…
4:10pm ET
Cars and Drivers
The US Won’t Let GM (GM) Go Bankrupt
General Motors (GM) will not file Chapter 11. The government cannot afford to see a large portion of the job creation benefits of the stimulus package destroyed by having the big car…
7:25am ET
Cars and Drivers
Europe Is Not A Way Out For GM (GM) And Ford (F)
GM (GM) and Ford (F) each used to have remarkably profitable European operations. A large part of their annual net income came from the region. Now, it looks like auto sales in…
8:43pm ET
Cars and Drivers
As Auto Recession Deepens, Toyota (TM) Cries “Uncle”
Toyota (TM) will make large cuts in its North American operations as sales in the region continue to fall. Given the strength of the Japanese company’s balance sheet, the moves speak volumes…
9:23am ET
Investing
General Motors (GM) Bondholders Pushing For More
General Motors (NYSE: GM) bondholders are requesting more money in exchange for forgiving billions in debt and are threatening to push the company into bankruptcy if they don’t get it, according to…
Douglas A. McIntyre 6:36am ET
Cars and Drivers
Will GM (GM) Get The Cash It Needs From China?
Maybe GM (GM) won’t have to turn to Congress for a big rescue package. Putting in money may be of benefit to a company outside the US government. One of China’s largest…
Douglas A. McIntyre 3:58am ET
Media
Media Digest 2/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Congress is ready to pass the stimulus package. Reuters reports that Chinalco is putting $17.5 billion into Rio TInto (RTP). Reuters reports that Wall St. CEOs were attacked by…
3:59am ET
Media
Media Digest 2/11/1009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Congress and The White House are working on the final stimulus package. Reuters reports that Wall St CEOs will defend their use of bailout money before Congress. Reuters reports…
9:04am ET
Jobs
GM’s Pre-Congress Hail Mary… Cuts & Hikes (GM)
General Motors Corp. (NYSE: GM) is doing almost whatever it can to get aggressive in cost cuts and streamlined operations ahead of its first post-bailout review next week. Some of the cuts…
Douglas A. McIntyre 6:15am ET
Cars and Drivers
China Finally Tops US In Car Sales
GM (GM), Ford (F), and Chrysler better pick up the pace of their sales in China. It is about the only place where anyone is buying cars. China car sales slowed a…