Category: News

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12/10/08

Permalink 07:50:54 am, by editor of MarketObservation.com Email , 123 words   English (US)
Categories: News, Industrial Firms
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

Permalink 06:14:51 am, by editor of MarketObservation.com, 229 words   English (US)
Categories: News, Industrial Firms
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

Permalink 01:02:07 pm, by editor of MarketObservation.com Email , 110 words   English (US)
Categories: News, Industrial Firms
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 »
Permalink 11:26:34 am, by editor of MarketObservation.com Email , 381 words   English (US)
Categories: News, Industrial Firms
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 »
Permalink 06:40:16 am, by editor of MarketObservation.com, 262 words   English (US)
Categories: News, Industrial Firms
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 »
Permalink 06:29:40 am, by editor of MarketObservation.com, 98 words   English (US)
Categories: News, Industrial Firms
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 »
Permalink 06:26:30 am, by editor of MarketObservation.com, 69 words   English (US)
Categories: News, Industrial Firms
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

Permalink 08:07:37 pm, by editor of MarketObservation.com Email , 74 words   English (US)
Categories: News, Industrial Firms
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 »
Permalink 07:56:00 am, by editor of MarketObservation.com Email , 54 words   English (US)
Categories: News, Industrial Firms
Nouriel Roubini believes that the auto industry should be bailed out. But highly conditioned: Replacement of current management Concessions from both the UAW and automakers A wipeout of existing equity and debt-holders Temporary nationalization… more »
Permalink 07:40:10 am, by editor of MarketObservation.com Email , 115 words   English (US)
Categories: News, Industrial Firms
The Guardian: Auto firms in plea for help as sales dive, Dec. 7, 2008 The British car industry has called on the government to follow the lead set by the US and Germany in guaranteeing new car loans. Last week the industry's trade body, SMMT, and… more »

12/06/08

Permalink 03:00:40 pm, by editor of MarketObservation.com Email , 170 words   English (US)
Categories: News, Industrial Firms
CBS News: Dems, White House Agree To Auto Bailout, Dec. 6, 2008 After weeks of tense discussions with the heads of the U.S. auto industry, Democratic Congressional leaders have reached an agreement that may just clear the way for the Big Three to get… more »
Permalink 08:57:33 am, by editor of MarketObservation.com Email , 183 words   English (US)
Categories: News, Industrial Firms
NYT: Democrats Set to Offer Loans for Carmakers, Dec. 5, 2008 Faced with staggering new unemployment figures, Democratic Congressional leaders said on Friday that they were ready to provide a short-term rescue plan for American automakers, and that th… more »
Permalink 08:53:50 am, by editor of MarketObservation.com Email , 37 words   English (US)
Categories: News, Industrial Firms
Richard Wagoner, Jr., Chairman/CEO General Motors Corporation click to go to CNBC video Alan Mulally, President/CEO Ford Motor Company click to go to CNBC video Robert Nardelli, CEO Chrysler click to go to CNBC video more »

12/05/08

Permalink 06:02:13 am, by editor of MarketObservation.com, 61 words   English (US)
Categories: News, Industrial Firms
NYT: Auto Executives Face a Hard Sell on Capitol Hill, Dec. 2, 2008 The chief executives of America’s foundering automobile manufacturers returned to Capitol Hill on Thursday and found themselves confronting years of pent-up anger, the harsh politics… more »

12/03/08

Permalink 05:47:32 am, by editor of MarketObservation.com Email , 6 words   English (US)
Categories: News, Industrial Firms
click to go to CNBC video more »
Permalink 05:41:15 am, by editor of MarketObservation.com Email , 84 words   English (US)
Categories: News, Industrial Firms
NYT: Pursuing U.S. Aid, G.M. Accepts Need for Drastic Cuts, Dec. 2, 2008 General Motors, increasingly desperate for a federal bailout to stave off financial collapse, told Congress on Tuesday that it was willing to drastically shrink every aspect of i… more »

12/02/08

Permalink 06:26:24 pm, by editor of MarketObservation.com Email , 82 words   English (US)
Categories: News, Industrial Firms
FT: Ford sets out plans for ‘green’ vehicles, Dec. 2, 2008 Ford Motor laid out plans on Tuesday for a family of hybrid petrol-electric and fully electric vehicles as part of a blueprint to accelerate the restructuring of its loss-making North American… more »
Permalink 06:43:42 am, by editor of MarketObservation.com, 83 words   English (US)
Categories: News, Analysts, Investment
After the sell off triggered by the financial crisis we see now the sell off triggered by the global recession: MarketWatch: Nikkei falls below 8,000 level; Sydney off 4%, Dec. 2, 2008 D. Short: "Well, it finally official — what many of us have… more »

12/01/08

Permalink 06:07:37 am, by editor of MarketObservation.com, 85 words   English (US)
Categories: News, Industrial Firms
NYT: Each Player in Big Three to Bring Its Own Plan, Nov. 30, 2008 The Detroit automakers have been lumped together for decades as the Big Three, and for good reason; their goals have usually been aligned. But this week, as the automakers take a se… more »
Permalink 06:02:33 am, by editor of MarketObservation.com, 57 words   English (US)
Categories: News, Industrial Firms
FT: Volvo and Saab ask Sweden for aid, Nov. 30, 2008 "General Motors and Ford Motor have approached Sweden’s government about financial aid for their lossmaking Saab and Volvo brands. GM and Ford want to bolster the two marques’ finances in anticip… more »

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