Reuters: The retirement package for Ken Lewis of Bank of America (BAC) may be as high as $125 million. Reuters: US car sales plunged in September with Ford (F) up and GM…
Rumors, credible rumors, are beginning to circulate in the car industry and the automotive press, that Chrysler may not make it another year primarily due to its falling sales and growing financial losses…
The expected recovery of the American car business was supposed to be based on huge cost cuts at all three domestic companies and improved product lines based largely on a desire among…
Reuters: China celebrated 60 years of communist rule as a capitalist economy. Reuters: The IMF cut global debt write-offs to $3.4 trillion. Reuters: CIT (CIT) is close to a deal to give…
Reuters: China may hold the key to a sanctions program against Iran. Reuters: The head of the AIG (AIG) unit that caused most of the firm’s losses is back in US. Reuters: The…
Update: Verizon (VZ) may consider buying DirecTV (WSJ) Update: The Apple (AAPL) iPhone will cost an extraordinarily high $303 in China but the monthly service fee will be as low as $18.45…
The employee bloodletting in the automotive industry is not confined to the US where hundreds of thousands of factory workers have lost their positions over the last decade. The largest car company…
Reuters: The competition to dominate the green car market is increasing. Reuters: Obama will pressure the G20 on Wall St. reform. Reuters: Oracle (ORCL) earnings missed targets. Reuters: Opel’s sales shows power…
Markets in Asia were mixed. The Nikkei fell 2.3% to 10,202. Toyota (TM) fell. The Hang send dropped. 1.1% to 20,929. The Shanghai Composite rose 1.2% to 3,027. At the open in…
Douglas A. McIntyre Several consulting firms post annual figures for the world’s most valuable brands. The two best known are probably the Interbrand and BrandZ surveys. They are notably different, up until now at least.…
The “cash for clunkers” program was not kind to GM. It did not have a single vehicle on the list of the ten most purchased cars which was dominated by Toyota (TM),…
The cloud that is GM may have found a silver lining. GM’s Chevrolet Equinox, which is powered by a pollution-free fuel-cell, passed its one millionth mile in test drives. The firm says…
The “cash for clunkers” program was not kind to GM. It did not have a single vehicle on the list of the ten most purchased cars which was dominated by Toyota (TM),…
Markets in Asia were mixed The Nikkei fell .7% to 10,444. Toyota (TM) dropped. The Hang Seng was up .4% to 21,156. The Shanghai Composite gained 2.2% to 2,990. At the open…
Douglas A. McIntyre 