Auto Sales Collapse, GM At 49 Year Low

It was a grim December across the board for Automakers as GM’s 2008 U.S. Sales Plummet to 49-Year Low; Toyota, Honda Fall.General Motors Corp ... t overcome the weight of consumer pessimism and tight credit in the world’s biggest auto market. Ford’ ... percent, Ford Motor Co. fell 32 percent and Nissan Motor Co. was down 31 percent, pointing toward [more...]

Date: 2009-01-05 19:27:00

Blog posts (15) | Videos (27)
 

Can Hank Paulson Use TARP Funds To Bail Out Auto-Makers?

So just in case you’ve been living in a cave this week, Congress is struggling to figure out how to bailout the big three automakers ... have significant financial service companies. For example, Ford has Ford Motor Credit. GM owns GMAC [more...]

Date: 2008-12-13 19:55:45

EcoBoost: High Tech Green Technology

photo credit: Ford Motor Company EcoBoost was released last year at the auto show (which I did not attend) and this year at the auto show, everyone is talking about it. The vehicle that I’m in love with, the Ford Flex 2010 will feature this green technology saving me more money. Who doesn’t love [more...]

Date: 2009-01-08 02:16:43

US auto sales plunge whopping 36 percent in December

DETROIT (AP) — Huge rebates and zero-percent loans couldn’t overcome economic uncertainty as U.S ... million vehicles from 2007. Auto Sales Ford The bleak numbers, according to both industry ... in, coupled with a loosening of credit that could bring people back to the showrooms. Even Toyota [more...]

Date: 2009-01-06 02:35:35

Auto Bonds, Stocks Gain on GMAC Deal

In a quiet day for the markets, the U.S. government’s decision to throw a lifeline to the financing arm of General Motors has reduced the ... Partners. Similarly, Ford Motor Credit Corp.’s insurance protection is at $2.15 million, compared ... cost of insuring those bonds against default. The credit-default swaps of General Motors [more...]

Date: 2008-12-30 09:13:00

CARDIN BACKS BAILOUT OF US AUTO INDUSTRY

From the Office of Ben CardinThank you for contacting me about ongoing efforts in Congress to aid the ailing U.S. automotive industry ... of credit to General Motors, Chrysler, and Ford to help them continue to operate in the near term ... .Although the decline in the U.S. market share held by General Motors, Chrysler and Ford began many [more...]

Date: 2009-01-13 13:36:00

Giving the Auto Companies What They Want

With the prospects for some kind of short-term aid for the auto makers looking more likely, ... Motors rose 22% while Ford Motor gained 15%. Weekend negotiations produced a framework that would ... of the funds would go to GM and Chrysler, as Ford has said it only needs a government line of credit [more...]

Date: 2008-12-08 14:14:27

Buying the Auto Industry when Everyone’s Selling

Now is not the time to be in the car business. As the stock market plunged in October, car sales followed suit ... the heat. Credit is tight, meaning prospective car buyers will need a better credit score if they want ... , either. Ford Motor Co. execs are predicting industrywide December sales numbers to drop by 35 [more...]

Date: 2009-01-15 19:57:40

Car Sales Continue to Crash

Although many economists simply lump car sales as a consumer purchase, ... . Last month was no exception. Auto sales were off across the board. Ford Motor Co. today reported a 32.4 ... have more money to lend for automobile purchases. But note, while banks do provide lines of personal credit based [more...]

Date: 2009-01-05 23:40:47

GM lowers minimum credit score for car buyers

Many are slowly becoming more confident in car manufacturers. It may be due to an infusion of cash into the auto industry, higher cash rebates, and lower interest rates. The Riverside Auto Center is home to Fritts Ford, Moss Bros. Dodge, Dutton Motor Company [more...]

Date: 2009-01-06 08:19:36

GMAC Deal Boosts Auto Stocks

The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... , shares of GM were up by nearly 8% and rival Ford Motor Co. gained 5.9%, while stock futures rose ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two [more...]

Date: 2008-12-30 14:03:40

GMAC Deal Boosts Auto Stocks

The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... , shares of GM were up by nearly 8% and rival Ford Motor Co. gained 5.9%, while stock futures rose ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two [more...]

Date: 2008-12-30 17:03:00

GM, Ford Jump on Rescue Package

News of a $17.4 billion rescue package for the nation’s auto makers that avoids bankruptcy has bolstered shares of the publicly ... of General Motors were up 45 cents, or 12%, to $4.11 a share, and Ford Motor Co. shares rose 26 cents ... Lombard, analyst at Gimme Credit. GM is expected to try to exchange as much of its senior [more...]

Date: 2008-12-19 15:28:32

THANK YOU AMERICA!!! Chrysler Gets $4 Billion Loan In U.S. Bailout

DETROIT — Chrysler LLC received its $4 billion low-interest federal loan Friday, helping the auto maker continue funding its operations ... the next two months. Chrysler has been hurt more than GM and Ford Motor Co. by the U.S. recession because it relies on North America for about 90% of its sales. Tight credit and a weak economy [more...]

Date: 2009-01-04 19:05:27

Bush Working on "Orderly" Auto Bankruptcy

Apparently the President has heard the voices of his own party, ... for at least a month as it, General Motors Corp. and Ford Motor Co. await word on government action. General ... bankruptcy court is the best way to work through credit and debt and restructuring," he said during [more...]

Date: 2008-12-18 19:04:54

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