According to Reuters, GM (GM) and the UAW have broken off talks and will resume them late Monday. Reuters writes that Nokia (NOK) said on Monday it had agreed to buy privately…
According to Bloomberg, "United Auto Workers President Ron Gettelfinger picked General Motors Corp. (GM) as the union’s strike target after arguing with the automaker’s North American head over funding for a proposed…
According to Reuters, Intel (INTC) received antitrust charges from a branch of the South Korean government. Reuters writes that Campbell (CPB) is seeking over $1 billion for its Godiva chocolate business. Reuters…
The current stage of the UAW talks with the Big Three must be based on the assumption by the car companies and union that the rank and file works are boobs and…
BMW is suing Chinese car maker Shuanghuan Automobile for producing an SUV called the CEO, which the Germany company says is a copy of its X5. And, that may not be the…
GM (GM) and its Detroit peers have been pushing the UAW to consider establishing a fund to handle the health care costs of its members. The car companies would contribute as much…
According to Reuters, oil prices jumped to $78 on news the pipelines in Mexico had been blown up. Reuters writes that AIG (AIG) is targeting 10% of the wealth management business in…
The Chinese car market, like many things in the world’s most populated country, does not cease to astonish. China has passed Japan as the No. 2 vehicle market in the world, and…
It would be nice to think that hiring one person could help Chrysler build its business overseas where it has very little market share. The company did pick-up GM’s (GM) former head…
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…