Firestone. American Motors. Texaco. Pan Am. Worldcom. At one point or another these large American companies were at the top of their industries. Pan Am was the leading global airline for decades.…
Ford (F) is considering cutting another 13,000 people. According to The Wall Street Journal, the company intends to make good on its promise to make money in North America, not matter what…
Asia markets fell sharply. The Nikkei was off 5.7% to 12,573. Docomo (DCM) was down 8.5% to 151000. Sony (SNE) was down 6.5% to 5110. Toyota (TM) was down 7.2% to 4880.…
Markets in Asia fell sharply. The Nikkei fell 3.9% to 13,326. Docomo (DCM) fell 4.6% to 165000. Toyota (TM) fell 3.6% to 5260. The Hang Seng dropped 5.5% to 23,819. China Life…
GM chief Rick Wagoner is prepared to work 24 hours a day to continue cutting costs in the US. Even if he has to take them to zero, he will get the…
According to Reuters, CNBC is reporting that Citigroup (C) could write-down $24 billion. Reuters writes that automakers face big hurdles in 2008. Reuters reports that the $200 billion Kuwait Investment Authority had…
Ford’s (F) new F-150 pick-up has to do well for the car market to have any kind of real comeback in the US. It is the company’s top selling vehicle and has…
Ford (F) is about to release the latest version of its F-150 pick-up. Based on some data, the light truck has been the No.1 selling vehicle in the US for three decades.…
Toyota (TM) says that it sold 9.37 million vehicles in 2007, up 6% from the year before. According to the AP, GM (GM) has not issued numbers for last year, but they…
Tata Motors (TTM) of India is introducing its new $2,500 car. According to The New York Times "the company wants to provide four-wheel transportation for the first time to people accustomed to…
According to Reuters, Microsoft (MSFT) sold 4.3 million Xbox 360 video consoles in the last three months of the year, helped by its "Halo 3" game. Reuters writes that US auto sales…
Over the last year, shares in Toyota (TM) are down well over 20%. The fact that GM (GM) and Ford (F) have fallen makes sense. They are still losing market share in…
It looks like December will be another ghastly month for US car companies. Based on a survey of auto analysts by Bloomberg, units moved by the old "Big Three" could drop 7%…
The Nikkei 225 will end the year down about 11%. The FTSE 100 will be slightly better than flat. The Swiss market will be down 3% and a number of other indices…
Toyota (NYSE:TM) raised its forecasts for fiscal 2008 to 9.85 million vehicles, up 5.2% from the number of cars it expects to sell for its year ending March 31. That would mean…
