Barry Bonds’ home run record will never be broken. No car company will ever do better than Toyota (TM). The Japanese company said it would lose $4 billion in the current fiscal…
Some of the companies that need to let people go have lost such a large portion of their sales that they have virtually no choice but to cut staff. That certainly holds…
Much of the crisis in the banking industry has been blamed on the inaction of the boards of directors at companies including Bank of America (BAC) and Citigroup (C). Some of Citi’s…
The car industry in the US is no longer just under siege. It is irreparably broken. There are no longer circumstances under which costs can be cut enough to make the business…
Turning around GM (GM) and getting additional money from the federal government to support the company after the end of March depends on two things. The first is that GM has to…
Douglas A. McIntyre The Ford (F) media relations department writes the most misleading press releases of any large company in the US. Ford’s January sales were down 42%. The entire first section of the document…
According to Reuters, Bank of America (BAC) and Merrill Lynch did agree on a bonus package for employees before the merger. There had been questions about the approval. Reuters reports that January…
Toyota (TM) has cut its production forecasts for 2009 for the third time. That is hardly good news for Ford (F) and GM (GM) which rely on a balance of foreign and…
As domestic January vehicle figures begin to come in, one of the facts that is going to become clear is that the US market may only only produce ten million unit sales…
Douglas A. McIntyre According to Reuters, Honda (HMC) sales in the US fell in January. Reuters reports that the premier of China sees hopeful signs in his economy. Reuters reports that hard times make government…
Continuing jobless claims rose by 159,000 in the week ended Jan. 17 to a seasonally adjusted 4.78 million, the most since the government’s records began in 1967. The number of unemployed people…
Watching the land grab for TARP money becomes more entertaining every day. Now Hertz (HTZ) and Avis (CAR) want money to buy Ford (F) and GM (GM) cars. The plan makes a…
According to Reuters, Nasdaq will turn to Asia for much of its future growth Reuters reports that the new bank bailout could cost as much as $2 trillion. Reuters writes that the…
Short sellers placed large bets against the stock of tech companies for the period ending on January 15, taking a series of positions to gamble that firms like Microsoft (MSFT) and Cisco…
The idea that Fiat would buy 35% of Chrysler at least made a modest amount of sense. It would give Fiat an outlet to sell its small cars in the US. Chrysler…
Douglas A. McIntyre