When it comes to the trouble with the US car industry and a potential government bailout, the first and most important consideration is that no one is at fault. The dog ate…
According to Reuters, concerns about the global economy are growing as the G20 nations are meeting. Reuters says that Congress challenged banks on how they would use bailout funds. Reuters reports that…
According to Reuters, Australia cut key interest rates. Reuters reports that a large Goldman Sachs (GS) fund lost $1 billion in the first ten months of the year. Reuters writes that the…
It was no secret that US auto sales were going to be down the drain. Frankly, it is hard to find many who really expect any sudden recovery. The election on Tuesday…
American car companies hoped the day would never come. Data from October is expected to show the market shares of Toyota (TM) and Honda (HMC) for US vehicle sales is expected to…
According to Reuters, GM (GM) and Chrysler have asked the government for $10 billion to close their merger. Reuters reports that Boeing (BA) and its machinists have entered into a tentative labor…
Markets in Asia rose sharply. The Nikkei was up 6.4% to 7,622. Honda (HMC) was up on a falling yen. Mitsubishi UFJ Financial due to concerns it will raise over $10 billion…
Douglas A. McIntyre Markets in Asia were sharply lower. The Nikkei dropped 9.6% to 7,649. Sony (SNE) fell after warning on earnings. Honda (HMC) and Toyota (TM) were both down over 5%. The Hang Seng…
Markets in Asia were lower. The Nikkei fell 2.5% to 8,461, pulled down by Honda (HMC) and Mizuho Financial The Hang Seng dropped 2.3% to 13,835. The Shainghai Composite fell 1.2% to…
Douglas A. McIntyre Toyota is not supposed to have to give out any incentives to sell its cars. They perform better than other vehicles in customer satisfaction tests. They get good gas mileage. Toyota virtually…
According to Reuters, the Treasury will make $250 billion directly into banks. Ciitgroup (C) and JPMorgan (JPM) would get $26 billion each. Merrill Lynch (MER) and Bank of America (BAC) would each…
Markets in Asia were up sharply. The Nikkei rose 14.3% to 9,456. Mitsubishi UFJ was up 14%. Toyota (TM) rose 15.5%. Honda (HMC) rose 17.8%. The Hang Seng moved up 4.4% to…
Yesterday JD Power said that the global car market could "collapse" and GM (GM) fell 31%. Today S&P is saying that "General Motors Corp., Ford Motor Co. and Chrysler LLC may be…
Asia markets fell with some down 7% of more The Nikkei dropped 9.4% to 9,203. Honda (HMC) fell over 10%. Nippon Steel lost 11.9 %. Mizuho Financial Group fell almost 8%. The…
Douglas A. McIntyre Markets in Asia were mixed and Europe opened higher. The Nikkei fell 3% to 10,156. Canon, a major exporter, fell. Honda (HMC) and Toyota (TM) were both down about 5%. Hong Kong…
