Search Results for: GM
GM (GM) management said that industry-wide US sales of cars and light trucks would be about 16.7 million units, down from forecasts of 17 million. But, GM added, almost as an afterthought, that it...
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Delphi, the former parts operation of GE (NYSE:GM) wants out of Chapter 11. It had a $6.1 billion exit package, but the credit markets have crushed that. Now GM is faced with having to throw Delphi a...
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It has been clear for some time that GM’s (GM) sales in the US and Europe have been poor and are likely to stay that way. The company said that in the third quarter the situation was worse than...
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GM Europe is going to make money this year, and, so they say, more money next. Its earnings for the first three quarters of 2006 are $196 million. Sales in Russia are likely to rise. The company said...
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Nearly everyone who could keep GM (GM) and Chrysler out of Chapter 11 has gone along with supporting painful restructuring plans. The UAW and managements at the two companies have given up a great...
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General Motors (GM) delivered 284,300 vehicles in September. Sales were down 16% from the same month last year.Car sales fell 10% to just over 118,000. Light trucks were off 19%.Cadillac did poorly...
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In late 2005 and early 2006, GM’s (GM) stock hit multi-year lows, dropping below $20. Ford’s (F) shares also sold down on fears that both companies could face Chapter 11. Their costs were...
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GM (GM) had another pretty good month in November. Sales of its cars and light trucks moved up 3.4% to just over 307,000. GM’s stock was off 4.2% to $37.54. Douglas A. McIntyre Buffett Missed...
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Incentives for buying SUVs and pick-ups are getting so large that soon the car companies will pay customers just to clear out inventory. GM (GM) announced another round of cash-back deals, some as...
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Just a couple of months after hitting a 52-week high at $43.20, GM (GM) touched a new 52-week low today at $27.94. Maybe it was word that some auto industry experts think car sales could fall over...
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GM (GM) is celebrating its 100th anniversary this year. Cake and candles. It has even introduced its new Volt electric car, which it says is the future of the company. In the midst of the party, it...
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General Motors Corporation (NYSE: GM) is getting closer and closer to what is an obvious bankruptcy with the June 1 deadline looming. This morning came the news that GM’s bondholders were now...
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General Motors Company (NYSE: GM) is back. That is what the stream of headlines would indicate this morning after the company blew past earnings expectations with a big win. The auto-maker’s...
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As if the US auto industry wasn’t already under fire enough, today we have yet another ratings action. The good news is that this is on the stock rather than the debt ratings. The brilliant...
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