Near the Detroit Metropolitan Airport, visible from several major highways, is a four-story tall replica of a Uniroyal tire. It was built for the 1964 World’s Fair in New York and was…
Are the markets still unstable? Are they subject to sharp moves on a rumor or a whim? Ford (F) and GM (GM) are both up about 30% today. The reason is astonishingly…
Detroit is in real trouble. There has been some hope that the really healthy Japanese and European car companies could hold on to their credit ratings. Toyota (TM) has a bullet proof…
24/7 Wall St. interviewed Jesse Toprak, Executive Director of Industry Analysis at Edmunds.com. One of the largest issues looking at November domestic vehicle sales is whether bankruptcy rumors are pushing buyers away…
According to Reuters, Japan exports hit their lowest level since 2002. Reuters writes that hopes for an auto bailout in this session of Congress are poor. Reuters reports that the US is…
A car industry bailout may save GM (GM), Ford (F), and Chrysler for a few months, but it is likely to set a painful precedent for governments in Asia and Europe. If…
According to Reuters, Toyota (TM) cut production and Nissan was downbeat about its prospects. Reuters reports that if a new CEO at Yahoo! (YHOO) wants to be well-regarded by shareholders, he or…
When it comes to the trouble with the US car industry and a potential government bailout, the first and most important consideration is that no one is at fault. The dog ate…
According to Reuters, Japan has fallen into a recession. Reuters writes that the top seven executives at Goldman Sachs (GS) will take no bonuses. Reuters reports that a poll showed that many…
With the Fed and Treasury apparently willing to sit on the sidelines while GM (GM) and Chrysler run low on money and head toward possible bankruptcies, it has been left to Congress…
There is a perception among investors and government officials that GM (GM) CEO Rick Wagoner will say anything to save his job. He has argued hard and often that people will not…
These are the top early bird analyst downgrades we are seeing with more than two hours to the open on this Tuesday morning: Alcoa (NYSE: AA) Cut to Market Perform at FBR.…
GM (GM), Ford (F), and Chrysler managements are shuttling in and out of Washington trying to get both the people leaving and the people coming in to lend them $30 billion or…
Markets in Asia were mixed. The Nikkei fell 3.6% to 8,583. Shares in Toyota (TM) fell on a profit warning. The Hang Seng rose 3.3% to 14,238. HSBC (HBC) rose. The Shanghai…
Douglas A. McIntyre Toyota (TM) reduced its earnings estimates by more than 50%, making it the last large global car company to admit that there is nothing to be done about salvaging this year or…
