SubscribeAll Posts Tagged With: "auto industry"
Ford’s Sales Down 48 Percent
Tom Krisher, AP Auto Writer
Ford Motor Co. says its U.S. sales fell 48 percent in February, proof that huge rebates and low-interest financing aren’t enough to…
4Mar2009 | The Real Deal | 0 comments | ContinuedU.S. Auto Sales Post Worst Year Since 1992
Total U.S. auto sales last year hit a 16-year low as the world’s major carmakers racked alarmingly high double-digit sales drops in the recession-plagued United…
7Jan2009 | Money Morning | 0 comments | ContinuedGMAC: A Sign of the Times
WASHINGTON — The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors…
31Dec2008 | Oxbury Research | 0 comments | ContinuedBuy, Sell or Hold Insight: GM Remains a High Risk Profit Play, Even as it Files its Turnaround Plan Today
With America’s “Big Three” automakers all due to submit turnaround plans to Congress today (Tuesday) – a requirement if General Motor Corp. (GM), Ford Motor…
2Dec2008 | Money Morning | 0 comments | ContinuedGM, Ford, and Chrysler Chiefs Push for Action in Washington as Congress Debates Another Bailout
Executives from Detroit’s “Big Three” auto companies – General Motors Corp. (GM), Ford Motor Co. (F), and Chrysler LLC – yesterday (Tuesday) joined Congressional Democrats on…
20Nov2008 | Money Morning | 0 comments | ContinuedObama Wants to Appoint Auto Czar, Seeks Billions in Detroit Aid
President-elect Barack Obama is asking a Congressional lame-duck session to approve $25 billion to $50 billion in rescue aid for Detroit’s crumbling auto industry.
He…
14Nov2008 | Money Morning | 0 comments | ContinuedGM almost out of cash
CNN Money
11/07/08
Chris Isidore
General Motors shook an already embattled auto industry Friday as it reported a huge quarterly loss that was much worse than expected and…
10Nov2008 | The Real Deal | 0 comments | ContinuedBailout Plan Forcing U.S. to Borrow $1.4 Trillion, Creating a $1 Trillion Deficit
The U.S. Treasury Department plans to borrow a record $550 billion in the current quarter, and another $368 billion in the first three months of…
5Nov2008 | Money Morning | Comments Off | ContinuedGM and Ford Choose Different Routes to Return to Profitability
Shares of Ford Motor Co. (F) and General Motors Corp. (GM) posted gains yesterday (Tuesday) on speculation that consolidation in the U.S. domestic auto industry…
15Oct2008 | Money Morning | Comments Off | ContinuedGM Announces Second Round of Cost Cuts in Six Weeks as U.S. Economy Continues to Slump
General Motors Corp. (GM) yesterday (Tuesday) announced a series of cost-saving measures aimed at fighting waning domestic sales fueled by a weak U.S. economy and the soaring…
16Jul2008 | Money Morning | Comments Off | Continued
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