According to Reuters, Paulson will push for more market and financial regulations. Reuters writes the Anheuser-Busch (BUD) board will meet on the InBev offer. Reuters reports that the GAO was critical of…
Markets in Asia fell sharply. The Nikkei was off 2.2% to 14,130. Mazda fell 5.5% to 568. Toyota (TM) fell 3.2% to 5490. The Hang Seng dropped 2.2% to 22,807. China Life…
Douglas A. McIntyre Markets in Asia were mostly higher. The Nikkei rose .7% to 14,453. Olympus rose 3.3% to 3750. Toyota (TM) rose 1.3% to 5670. The Hang Seng rose 1.5% to 23,397. China Life…
Douglas A. McIntyre Ford (F) is making the rounds of its employees and unions to tell them that the company will have to take out more costs. According to The Wall Street Journal, the word…
Ford (F) wants the Feds to help it build and market an electric car. The vehicle manufacturer argues that if Congress does not give incentives to citizens who want to buy the…
Investors figure the only way that GM (GM) makes it out of its current troubles is that its overseas operations make money to offset trouble in the US. In the domestic market,…
Markets in Asia were down sharply. The Nikkei fell 2.1% to 13,889. NEC fell 4.5% to 547. Sony (SNE) fell 2.8% to 5130. Toyota (TM) fell 2.7% to 5400. The Hnag Seng…
Detroit may be falling behind the curve again. Toyota (TM) will begin to mass produce lithium ion-batteries in less than two years, making the chances that a working electric car will be…
According to Reuters, volume sales are now the key to success for Apple’s (AAPL) new iPhone. Reuters reports that the head of Merrill Lynch (MER) supports ongoing regulatory access to data from…
Most markets in Asia were down with Chinese market closed. The Nikkei was off 2.2% to 14,818. Canon was down 4.4% to 5450. Sony (SNE) was down 3.7% to 5280. Toyota (TM)…
There was nothing wrong with relying heavily on pick-ups and SUVs for the bulk of GM’s (GM) sales. That is what CEO Rick Wagoner told the FT. The fact that "light trucks…
Tautology has raised it ugly head in Detroit where car company executives insist that the more people they fire, the more productive they become. So they fire more people each month and…
Everyone in the car industry waits for the once-a-year JD Power Initial Quality Study to come out. The poll looks at how many defects a car has in the first 90 days…
Markets in Asia were mixed. The Nikkei rose 1.6% to 14,436. Honda (HMC) rose 8.6% to 3790. Nissan rose 5.3% to 974. Toyota (TM) rose 3.2% to 5,570. The Hang Seng was…
GM (GM) reported a 28% drop in May domestic sales to 268,892 cars and trucks from 371,056 a year ago. Cars dropped 14% while trucks fell 37%. GM blamed strikes, including the…