Shares of General Motors are indicated down over 2% ahead of the open today at $30.40 on a negative research note out of Goldman Sachs. Goldman trimmed GM’s estimates and the target…
According to Reuters, Lehman Brothers (LEH) and National City are cutting 2,150 mortgage jobs. Reuters writes that more PC game players are beginning to use notebooks as their processing power increase. Retuers…
GM (GM) says it will sell a million cars in China this year. According to Reuters, the Chinese market will buy 8.5 million new cars this year, putting GM’s share at 12%.…
Douglas A. McIntyre According to Reuters, Mattel (MAT) recalled another 800,000 toys made in China due to high levels of lead paint. Reuters writes that Intel (INTC) will respond to regulator’s questions about its joint…
GM (GM) August sales in the US rose 5.3% to 388,168. The company’s shares moved up well over 2% to $31.40 The company’s pick-up line did especially well. Douglas A. McIntyre
Douglas A. McIntyre However badly the big car companies bled sales this summer, it appears that August brought no hope for better days. Bloomberg speculates that Toyota (TM) sold more cars that Ford (F). The…
The head of Ford (F) says that a tough economic environment will not undermine that company’s turnaround. According to an interview with Bloomberg. “We put together a pretty robust transformation plan," said…
The nice thing about the management at Toyota (TM) is that they tell their rivals ahead of time how badly they are going to crush them. The big Japanese car company says…
Ford (F) management won’t say this, but it is in no rush to sell Jaguar or Range Rover until next year. Mahindra & Marhindra, the Indian car conglomerate,TPG Capital, Cerberus Capital Management,…
According to Reuters, Isuzu and GM (GM) will increase their cooperation in South America to improve their share in the truck market. Reuters writes that Knight Capital (NITE) may have to refund…
The UAW is being threatened by Ford (F) and GM (GM). Agree to cost cuts, or we move production overseas. The sight of the gallows focuses the mind.The UAW is being asked…
For decades GM (GM), Ford (F), and Chrysler have essentially negotiated as a block. Not so this year, according to Bloomberg. Chrysler, now privately held and without a rich parent, is trying…
The CEO of CountryWide Financial (CFC), Angelo Mozilo, could not just take the $2 billion his company got from Bank of America (BAC) and have a nice day. He had to mention…
GM (GM) has cut production at six US plants due to high inventory of pick-ups and SUVs. Sales of the GMC Sierra fell 28% last month. The Wall Street Journal wrote that…
Douglas A. McIntyre China used to be the next big thing for the Big Three. Now it is South America. GM (GM) is saying that it can grow it Latin America and African revenue by…
