Search Results for: GM
The people at the GM (GM) headquarters must have had too much to drink over the holidays. According to Reuters GM "expects overall 2008 U.S. auto sales to be about the same as the depressed...
Published:
GM’s (GM) shares sold off almost 5% on news that it sold 261,273 cars and light trucks in the United States in November compared to 293,558 vehicles a year earlier, an 11% drop. Douglas A....
Published:
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 firm’s North American operations to a profit....
Published:
Robert Nardelli, Home Deport (HD) exile and current CEO of Chrysler, may be wishing he stayed in retirement. His new company lead the decline in domestic car sales in January. Chrysler sales fell 12%...
Published:
GM (GM) says it has plenty of money on hand for tough times. So do Ford (F) and Chrysler. Based on where the two public companies trade, almost no one believes that. As if to confirm the...
Published:
Merrill Lynch has said what many people already believe. One of the large US car companies could go into bankruptcy. Merrill’s comments target GM (GM). The brokerage’s analysis is that...
Published:
General Motors Corporation (NYSE: GM) is soon to cease being a public stock for some time, if all the recent reporting and all the jaw-boning is correct. The stock itself is showing fresh evidence...
Published:
Last Updated:
General Motors Co. (NYSE: GM) posted a record annual profit this morning of $7.6 billion for the fiscal year ended in December. EPS for the year totaled $4.58, up from $2.89 in the previous year....
Published:
Last Updated:
For the first time since late 2004, shares of GM (GM) broke above $40 rising as much as 5% in early trading. The wrapping up of the UAW contract probably gave the stock a final push. But, there is...
Published:
GM (GM) management has finally begun to wise up. Even if the government gives it every dime that it asks for and the Administration can bring the UAW and the company’s creditors to their knees, the...
Published:
Last Updated:
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, GM is faced with losing...
Published:
GM says that the spot as the world’s largest car maker is worth fighting for, just as Toyota is about to snatch the crown. The company said its plants could produce more cars that Toyota said...
Published:
GM (GM) announced net income of $891 million, or $1.56 per diluted share, for the second quarter of 2007, an improvement of $4.3 billion compared with a reported net loss of $3.4 billion, or $5.98...
Published:
According to Reuters, GM (GM) will start to build a hybrid car in China. The problem is that, in a country where the government underwrites that price of gas, there is no demand for green cars. But,...
Published:
It is not 1876, and GM (GM) CEO Rick Wagoner does not have long blond hair. But, Mr. Wagoner is in mortal trouble and there may not be much he can do about it. He is Custer on the great plain. GM,...
Published: