GM (GM) plunges on concerns about Chapter 11. Falls to $3.02 from 52-week high of $32.80. Citigroup (C) get caught in fears that big financials will have to raise more money. Sells…
Circuit City (CC) and GM (GM) have effectively proved a point about the current economy and credit markets. Without substantial positive cash flow and operating earnings, raising money is nearly impossible. Corporations…
General Motors Corporation (NYSE: GM) has been an ugly stock, in an ugly sector, in an ugly economy. Bailout or no bailout, things are looking haggard and questionable at the auto giant. …
IBM (IBM) will pay about $4 billion in taxes this year. Procter & Gamble (PG) will pay closer to $6 billion. If GM (GM) is losing $1 billion a month, the income…
According to Reuters, China announced an economic stimulus package of almost $600 billion. Reuters reports that AIG (AIG) is about to get a new bailout from the US government which will be…
GM (GM) released earnings and, in the process, the company made it clear that it may not make it to the middle of next year without help. "Even if GM implements the…
Douglas A. McIntyre Trading in GM’s (GM) shares was halted just before earnings came out. They may want to keep trading on hold for a year or two and keep the stock from going to…
Douglas A. McIntyre GM (GM), Ford (F), and Chrysler managements are shuttling in and out of Washington trying to get both the people leaving and the people coming in to lend them $30 billion or…
According to Reuters, the government is set to announced the country’s tenth straight month of jobs losses. Reuters reports that Chrysler is burning through it cash quickly and the company may have…
Every industry has its blue chip think tank, In the case of cars it is The Center for Automotive Research. The research operation has come out with a new and disturbing study.
Toyota (TM) reduced its earnings estimates by more than 50%, making it the last large global car company to admit that there is nothing to be done about salvaging this year or…
There is not a man with a typewriter who can avoid writing about how much debt the US government has and how much more it will have to take on. Paulson’s program…
Cerberus has invested billions of dollars into the US auto industry. Its best-known deal was its purchase of 80% of Chrysler. That investment is probably worth nothing. Its other highly visible deal…
Douglas A. McIntyre US car sales have been awful, running off as much as 30% recently. But, there is always China. It is big for McDonald’s (WMT), Wal-Mart (WMT), GE (GE), and Hewlett-Packard (HPQ). Everyone…
According to Reuters, Obama won the race for US president Reuters reports that stock index futures were steady after the Obama win.
