End of line for four generations at GM?
For four generations, the Greens have built Chevys, Oldsmobiles, Buicks, Pontiacs and Cadillacs. But with GM’s future uncertain, the family may have reached the end of the line.
Modeling The Ideal Carmaker (Investor’s Business Daily)
Imagine if you could start your own automobile company in the U.S. from scratch today. What errors of GM , Ford Motor and Chrysler would…
GM could face U.S. bailout tax hit, seeks changes (Reuters)
General Motors Corp could face a multibillion-dollar tax hit under its $13.4 billion federal bailout, a scenario the automaker faces just weeks before it must file a restructuring plan with the government.
Tata Motors’ Reversal of Fortune (at BusinessWeek)
Yet more bleak news. This week, the International Monetary Fund projected world growth would be at its lowest since the second world war. It emerged that Japan’s industrial output fell by nearly 10 per cent in a month and Honda is mothballing a UK plant until June.
Support demand, not employers (at FT.com)
Yet more bleak news. This week, the International Monetary Fund projected world growth would be at its lowest since the second world war. It emerged that Japan’s industrial output fell by nearly 10 per cent in a month and Honda is mothballing a UK plant until June.
Honda, Toyota and Porsche eye auto industry carnage (Reuters)
Sliding car sales dealt fresh blows on Friday to the earnings of top auto makers caught in the worst industry downturn in decades.
GM’s $35 billion albatross. (at CNNMoney.com)
GM needs to prove to the government that it will be able to cut unsecured debt by two-thirds. Some think creditors have no choice but to accept a swap for stock.
Ford: Strongest of the Three and Rightfully So (at Seeking Alpha)
Tata Motors lost 2.63 billion rupees last quarter as cost-cutting efforts failed to make up for withering demand, high commodities prices and foreign exchange losses, company officials said Friday.
Super Sunday Coming Out Party For Hyundai (at CNBC)
Tata Motors lost 2.63 billion rupees last quarter as cost-cutting efforts failed to make up for withering demand, high commodities prices and foreign exchange losses, company officials said Friday.
Ford Losses Are Awful, Cash Burn Is Worse (at BusinessWeek)
American Axle & Manufacturing Holdings Inc. said Friday it posted a $112.1 million fourth-quarter loss, as steep cuts in truck and sport utility production sent its sales tumbling.
American Axle posts wider 4Q loss as sales tumble (AP)
American Axle & Manufacturing Holdings Inc. said Friday it posted a $112.1 million fourth-quarter loss, as steep cuts in truck and sport utility production sent its sales tumbling.
Midday Glance: Autos companies (AP)
Honda Motor issued its fourth profit warning in six months and said it expected slumping sales and a rise in the yen to push it into a Y333bn operating loss in the current quarter.
Auto Workers Give Up Notorious Featherbed (at BusinessWeek)
Honda Motor issued its fourth profit warning in six months and said it expected slumping sales and a rise in the yen to push it into a Y333bn operating loss in the current quarter.
Honda cuts outlook for fourth time (at FT.com)
Honda Motor issued its fourth profit warning in six months and said it expected slumping sales and a rise in the yen to push it into a Y333bn operating loss in the current quarter.
Be Wary of Ford’s Confidence (TheStreet.com)
The business media were too quick to accept Ford’s promise that it won’t need a government bailout.
