Markets in Asia were mixed. The Nikkei rose 1.3% to 10,389. Toyota (TM) rose over 3%. The Hang Seng rose .8% to 20,647. The Shanghai Composite was down 2.1% to 3,356. At…
Douglas A. McIntyre GM’s new chairman Edward E. Whitacre Jr said that one of his major goals is to make certain that the No.1 US car company stays N0.1. GM will find it very hard…
Markets in Asia were lower. The Nikkei fell 1.2% to 10,253. Toyota (TM) dropped on earnings. The Hang Seng fell 1.2% to 20,512. The Shanghai Composite fell 1.2% to 3,247. At the…
Toyota (TM) posted an $816 million loss in its last quarter, but lifted its forecasts. It will up production for its fiscal year which ends in March to 6.6 million vehicles from 6.5 million.…
Douglas A. McIntyre Reuters: A plan for universal healthcare in China could cut the savings rate. Reuters: Bank regulators are opposing the Obama shake-up of the system. Reuters: Bank of America (BAC) settled SEC charges…
Markets in Asia were mixed. The Nikkei rose .2% to 10,375. Toyota (TM) reported better than expected earnings. The Hang Seng fell .1% to 20,792. HSBC (HBC) rose on good numbers. The…
Douglas A. McIntyre GM’s July sales fell 19%, more than any of the other major car companies, to 188,156. The number is down so much that without the Pontiac and Saturn brands that it plans…
Ford’s (F) July sales rose 2.3% to to 165,279. SUV sales were weak, off 36%, so cars and crossovers had to make up for that. GM’s sales moved sharply in another direction.…
Nissan’s new Leaf car doesn’t use any gas and it does not produce any emissions. It is electric and it will be available in the US, Japan, and Europe next year. Nissan…
Markets in Asia were mixed. The Nikkei fell a fraction of a percent to 10,352. Toyota (TM) rose on Ford’s (F) strong July numbers. The Hang Seng rose .2% to 20,620. The…
Ford (F) made two audacious decisions recently, decisions made in an industry where audacity is a distant memory that died when Lee Iaccoca left the business. William Clay Ford, Jr., the company’s…
The $1 billion “Cash for Clunkers” program was an ideal way for the government to protect its $50 billion investment in GM by stimulating domestic car sales as the industry enters the…
Reuters: China and the US vowed close ties to bring the economy out of recession. Reuters: Microsoft (MSFT) and Yahoo! (YHOO) are close to a search deal. Reuters: The Senate may drop…
Reuters: The recession has badly hurt investments in green technologies. Reuters: Obama called for deeper China ties with the US. Reuters: BP’s (BP) profits fell sharply. Reuters: Bank of America (BAC) will…
VW’s plans to take over Porsche got a boost as the sports car company’s CEO was pushed out by his board. Wendelin Wiedeking leaves Porsche with a severance package worth $70 million.…
Douglas A. McIntyre 