Category: Industrial Firms
12/29/08
The Becker Posner Blog: Can the United Auto Workers Survive? Posner, Dec. 28, 2008
One of the reasons for the insolvency of the Detroit automakers (General Motors, Chrysler--and Ford, which appears to be insolvent too, despite its denials) is that the… more »
12/27/08
We posted a lot about the crisis of the Detroit carmakers who missed to adapt to changing market needs years ago and are now running out of time. Even though the whole car industry is currently in a crisis due to the shock waves of the financial crisis t… more »
12/24/08
NYT: Nearly the End of the Line for S.U.V.’s, Nov. 23, 2008
Even a federal bailout could not save three of the last remaining plants in the United States still making sport utility vehicles.
Reeling from its financial problems and a collapsing S.U.… more »
12/19/08
Bloomberg: GM and Chrysler Will Get $13.4 Billion in U.S. Loans, Dec. 19, 2008
General Motors Corp. and Chrysler LLC will get $13.4 billion in initial government loans to keep operating in exchange for a restructuring under a rescue plan that Presiden… more »
NYT: Car Bankruptcy Cited as Option by White House, Dec. 19, 2008
The White House raised for the first time on Thursday the prospect of forcing General Motors and Chrysler into a managed bankruptcy as a solution to save the companies from financial co… more »
12/16/08
WSJ: Toyota Delays Mississippi Prius Factory Amid Slump, Dec. 15, 2008
Toyota Motor Corp. has indefinitely delayed a plant in Mississippi that was slated to start making its Prius hybrid sedan in May 2010, the latest sign that even foreign auto makers… more »
German new-car registrations plunged by 18 percent in November according to VDA, the German Federation of auto manufacturers, and will fall further next year.
For the entire year, the federation forecast sales of just under 3.1 million vehicles, and… more »
12/15/08
I found the page "LaborPains.org" which contains links to the contracts between Ford and the UAW. We do not recommend to read the contracts as it would take weeks. This is just to demonstrate what can happen if Unions become too strong...
LaborPains.o… more »
12/13/08
FT: Treasury signals rescue for carmakers, dec. 12, 2008
The US administration was on Friday scrambling to save Detroit’s troubled car industry, as General Motors said it was closing most of its North American manufacturing plants for the month of Jan… more »
12/12/08
06:29:35 am, by editor of MarketObservation.com 
, 474 words 
Categories: News, Investment, Industrial Firms
FT: Markets dive as auto bail out collapses, Dec. 12, 2008
"The dollar fell below Y89 against the yen for the first time in 13 years as investors sold off the US currency after the proposed bail out for automakers collapsed in the US Senate.
Those… more »
The Senate refused to agree to a lifeline which would have saved auto makers only for some weeks. The implementation of a new promising strategy would probably need amounts beyond the US$ 100 billions overall.
NYT: Senate Abandons Auto Bailout Bid, D… more »
12/11/08
The House of Representatives has approved a rescue plan which will help to survive the Big Three only for the short-term. The need for structural change at the US car manufacturers is immense and will take years to be implemented.
WSJ: House Passes R… more »
12/10/08
WSJ: Washington Maps Pact for Bailout of Big Three, Dec. 10, 2008
The White House and top Democrats on Capitol Hill reached agreement in principle on a sweeping rescue package for the nation's auto makers, hoping to propel action this week on billions… more »
12/09/08
Looking at the negative views of Fiat CEO Sergio Marchionne or Paul Krugman's statement that the concentration of the US auto industry around the Detroit Michigan will disappear, government as an equity owner would face tough times. It seems that the who… more »
12/08/08
Various media reported today that Nobel Prize winner Paul Krugman expressed the
view that the US auto industry will disappear.
Paul Krugman immediately reacted on his blog, saying that he was mis-reported.
"Urk. I gather that there’s a report on… more »
Fiat CEO Sergio Marchionne has given an interview to Automotive News Europe. What he says about the prospects of the automotive industry is scary. According to Marchionne, the industry is facing a structural problem. The problem goes far beyond the big t… more »
The Democrats are discussing about implementing a governmental supervisory body and a "car zar", an independent Chairman, for the US auto industry. Such a body would have a tough job as this industry missed to adjust its structure to changing market need… more »
WSJ: Outside Pressure Grows for GM to Oust Wagoner, Dec. 8, 2008
General Motors Corp. Chairman and Chief Executive Rick Wagoner is coming under increasing pressure from outside the company to resign as part of any broad bailout of the auto maker by th… more »
FAZ: Das Heulen in der Königsklasse, Dec. 8, 2009
Frankfurter Allgemeine Zeitung (FAZ) reports about the difficult times for German luxury car makers such as Daimler, BMW and Porsche. Sales of luxury cars dropped approximately 25% in November as compa… more »
12/07/08
Yahoo: Krugman: US auto industry will probably disappear, Dec. 7, 2008
"Nobel economics prize winner Paul Krugman said Sunday that the beleaguered U.S. auto industry will likely disappear.
"It will do so because of the geographical forces that me a… more »
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