3:33am ET
Investing
Asia Market And Europe Open 8/13/2009
Markets in Asia were mostly higher. The Nikkei rose .8% to 10.517. Honda (HMC) and Toyota (TM) both rose over 1%. The Hang Seng was up 2.1% to 20,864. The Shanghai Composite…
TM Coverage Page 109
3:56am ET
Media
Media Digest 8/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: GE’s (GE) water business may be too small to help earnings. Reuters: Madoff’s CFO plead guilty. Reuters: Auto inventories are tight but interest in the “clunkers” program is falling. Reuters: China…
5:55am ET
Cars and Drivers
More Evidence That GM Should Relocate To China
GM says it will sell 1.4 million cars in China this year. It sold about 180,000 in the US in July. The critical difference between its costs in the two markets is…
11:16am ET
Cars and Drivers
24/7 Wall St. TV: GM Wants To Be No.1
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…
5:54am ET
Energy
The Car Industry Shake-Out And The Rise Of The Hybrid
Most major car companies offer hybrid vehicles. They get better gas mileage and throw off less pollution. They tend to be more expensive than gas-powered models because of their relatively complicated technology.…
Douglas A. McIntyre 3:58am ET
Media
Media Digest 8/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: A bubble may be forming in the corporate bond market. Reuters: Wall St. firms have made $1 billion on the break up of AIG (AIG). Morgan Stanley(MS), Goldman Sachs (GS), JP…
3:23am ET
Investing
Asia Markets And Europe Open 8/6/2009
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 4:48am ET
Cars and Drivers
GM Chief Insists Firm Will Stay No.1 In USA
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…
3:34am ET
Investing
Asia Markets and Europe Open 8/5/2009
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…
5:18am ET
Cars and Drivers
Toyota (TM): Another Sign Car Industry Is Recovering?
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 3:54am ET
Media
Media Digest 8/4/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
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…
3:28am ET
Investing
Asia Markets And Europe Open 8/4/2009
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 5:45pm ET
Jobs
GM: Firing 7,500 More Taxpayers To Save Taxpayer Money
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…
2:24pm ET
Cars and Drivers
GM Losing Significant Ground To Ford (F)
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.…
5:21am ET
Energy
Nissan Pulls Ahead Of Detroit In The Electric Car Race
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…