1:20pm ET
Cars and Drivers
GM’s (GM) Less Bad August
GM (GM) did not lose 25% to 30% of its sales in August when the numbers were compared to last year. It was less bad than that. The company reported a 20.3%…
Douglas A. McIntyre GM Coverage Page 210
Douglas A. McIntyre 8:43am ET
Cars and Drivers
GM (GM) Doubles Down
GM (GM) likes its "employee pricing" incentives so much that it is going to extend them through the end of September and make them available on more models. Good new. Bad news.…
Douglas A. McIntyre 4:09am ET
Cars and Drivers
Delphi: Car Company Canary In A Coal Mine
Robert Lutz, the oldest car company executive in the history of the industry, recently said that Detroit could not raise the money it needs to retool its plants to build fuel-efficient cars.…
2:54am ET
Energy
Solar Powerhouses? (ENER, FSLR, SPWR, PCG, GM)
Energy Conversion Devices (NASDAQ:ENER) reported its fourth quarter and full year results this morning, and the stock is up more than 2% in early trading. It’s no wonder. EPS of $0.24 beat…
2:50am ET
Media
Media Digest 8/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Lehman (LEH) may fire 1,200 workers. Reuters reports that Dell (DELL) said its Asia business was fine but offered a cautious forecast. Reuters reports that Starbucks (SBUX) will offer…
5:32am ET
Cars and Drivers
Toyota (TM) Crashes, Again
Toyota (TM) has already cut its sales targets for its fiscal 2008 year. Now it is taking down its forecast for 2009. According to The Wall Street Journal, "Japan’s biggest car maker…
5:22am ET
Cars and Drivers
GM (GM) Gets Hummer Purchase Interest From Middle East
GM (GM) may be able to add humiliation to the list of losses and indignities it has had to suffer over the last year as a recession and rising fuel prices have…
Douglas A. McIntyre 4:27am ET
Cars and Drivers
August Car Sales And Incentives: Baiting The Poor
Hopes are that instead of selling a very few cars in August, auto companies will sell less few than they did in July. These perverse economics have become the way that Detroit…
Douglas A. McIntyre 11:26am ET
Cars and Drivers
GM (GM) Wants A Loan From Uncle Sam
Several reports indicate that GM (GM, Ford (F), and Chrysler are approaching the government for a total of $25 billion in loans at interest rates as low as 4.5%. The money could…
3:01am ET
Media
Media Digest 8/22/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Warren Buffett and the head of Blackstone (BX) called for a solution to the govenment’s growing debt load and reliance of foreign investors to finance US borrowing. Reuters reports…
5:41am ET
Cars and Drivers
GM (GM): More Incentives Mean More Job Cuts
GM (GM) has decided to do two things to stimulate sales. One is to offer aggressive incentives on its new cars. The other is to offer substantial warranties on its used cars.…
Douglas A. McIntyre 2:47am ET
Media
Media Digest 8/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, US inflation rose as the housing market continued to be troubled. Reuters reports that Hewlett-Packard (HPQ) beat Wall St. expectations. Reuters reports that Ebay (EBAY) will drop some of…
5:09am ET
Cars and Drivers
Car Quality Drives Out Of Detroit (GM)(F)(HMC)(TM)
The quality of American cars was supposed to be getting better. Perhaps that was an illusion. Part of the reason that investors thought GM (GM) and Ford (F) could come back was…
2:48am ET
Media
Media Digest 8/19/2008 Reuters, WSJ, NYTImes, FT, Bloomberg
According to Reuters, Lehman (LEH) is considering selling it Neuberger Berman asset management unit. Reuters writes that bail-out concerns pushed down stocks in Fannie Mae (FNM) and Freddie Mac (FRE). Reuters reports…
10:45am ET
Cars and Drivers
GM (GM) Gives The Store Away
GM (GM) will celebrate its 100th birthday by offering incentives and losing more money on each vehicle. According to Reuters, "GM had scheduled briefings for U.S. dealers, representing all of its brands…
Douglas A. McIntyre