August light vehicle sales in the US have to be good. The “clunkers” program produced almost 700,000 purchases. The industry might as well enjoy it while its lasts. September and the rest…
Reuters: Derivatives traders dipped into $4 trillion in client collateral. Reuters: Home sales and durable orders improved. Reuters: The US softened its stance on private equity deals to buy banks. Reuters: The…
Markets in Asia were lower. The Nikkei fell 1.6% to 10,474. Toyota (TM) fell. The Hang Seng was down 1% to 20,243. China Unicom (CHU) moved on word of a relationship with…
Well, it seems that despite the notion that ‘cash for clunkers’ was nothing more than a giveaway is perhaps only partly true. This was another giveaway and it may ultimately pull away…
Toyota (TM) plans to cut its global capacity to manufacture vehicles by as much as one million units per year. It now has the ability to build 10 million autos, but will…
Reuters: Senator Edward Kennedy died at age 77. Reuters: The US Postal System is seeking 30,000 job cuts. Reuters: US housing and confidence data moved up. Reuters: White House and CBO debt…
Stocks is Asia were higher. The Nikkei was up 1.4% to 10,640. Toyota (TM) gained as planned to cut costs. The Hang Seng moved higher by .1% to 29,452. China Life (LFC)…
Reuters: Bernanke will be reappointed as Fed chief. Reuters: New deficit projects could hurt Obama’s plans. Reuters: The SEC and Bank of America (BAC) asked a judge again to approve a deal…
Markets in Asia fell. The Nikkei dropped .8% to 10,497. Toyota (TM) moved down slightly. The Hang Seng was off .8% to 20,389. The Shanghai Composte dropped 2.6% to 2,916. At the…
Douglas A. McIntyre Markets in Asia were mixed The Nikkei fell 1.5% to 10,238. Shares in Toyota (TM) and Honda (HMC) fell. The Hang Seng was down .9% to 20,253. The Shanghai Composite was up…
Reuters: UBS (UBS) shares may fall when the Swiss government sells out. Reuters: The US deficit estimate was trimmed to $1.59 trillion. Reuters: A homeowner sued Wells Fargo (WFC) over a credit…
Markets in Asia fell. The Nikkei was down .8% to 10,204. Sanyo rose on news Toyota (TM) would buy batteries from the company. The Hang Seng fell 1.9% to 19,924. The Shanghai…
Douglas A. McIntyre The New York Times got ahold of an early version of the 2009 new vehicle study done by The University of Michigan Customer Satisfaction Index. The paper reports that “in the rankings by…
Volkswagen Aktiengesellschaft, the company known to most Americans as VW, wants to become the world’s largest car company within a decade. VW has almost no chance of realizing that aspiration because it…
Reuters: China Investment Corp will put $2 billion into US mortgages. Reuters: The US pay czar says be can “claw back” executive compensation. Reuters: Japan is pulling out of its recession. Reuters: …