Fiat is very near an agreement with Chrysler to take a piece of the No.3 US car company. The deal will need the blessing of the Treasury Department which is supplying Chrysler…
According to Reuters, Bank of America will get a huge financial aid package from the government. Reuters reports that Congress is advancing legislation to release the balance of the TARP funding. Reuters…
Up until now, the biggest obstacle to the sale of hybrid cars is that some Americans think the people who drive them are sissies. That may be true, but Toyota (TM) has…
Douglas A. McIntyre According to Reuters, Detroit’s efforts to build "green" cars may come too late. Reuters reports that Obama is seeking the $350 billion still left in the TARP. Reuters writes that prosecutors will…
According to Reuters, Citigroup (C) is near a deal to form a venture putting its brokerage business together with the one at Morgan Stanley (MS) Citi would be paid about $2 billion.…
According the Reuters, December domestic cars sales were the worst month in years. Reuters writes that Toyota (TM) will cut plants. Reuters reports that Apple’s (AAPL) Jobs tried to calm investors about…
It is hard to imagine an industry where when sales are off 30% to 40% it is considered a good thing. Welcome, to the Detroit auto company bailout of 2009. Sales of…
Detroit has gone to the government well and collected enough money to get it through to late March. It will present forecasts to the government based on cutting costs, keeping market share,…
Most people who are in business put making a profit above maintaining a good image. They would like their customers to think well of them because it drives sales. But, being a…
The Japanese stock market has closed down about 42% for the year. The US markets may do a little better than that, off by 38% or so. For people with money in…
According to Reuters, GMAC will get $6 billion from the government with $1 billion coming through GM (GM). Reuters reports that violence in Gaza intensified. Reuters writes that Japan is looking at…
Markets in Asia were mostly higher. The Nikkei was up 1.3% to 8,860, but was down 42% for the year. Toyota (TM) fell modestly, and Sony (SNE) rose. The Hang Seng fell…
According to Reuters, as investors moved to cash, oil has come down, but that is not likely to last. Reuters writes that data from MasterCard (MA) shows holiday spending may have dropped…
A number of markets in Asia were closed. The Nikkei rose 1.8% to 8,740. Investors continued to buy depressed shares in Toyota (TM). The Shanghai Composite was down .1% to 1,852. Data…
Douglas A. McIntyre Most markets in Asia were closed. The Nikkei rose 1% to 8,600. Toyota (TM) moved up slightly after a huge sell-off earlier in the week. The Shanghai Composite fell .6% to 1,852.…
Douglas A. McIntyre 