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
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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
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
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
On January 5
On this day in ...... 1914(95 years ago today), Henry Ford announced what the New York Times called " ... available at the Ford Motor Co. These days Ford executives are bidding for a federal bailout. (credit for 1914 photo of employees painting a new Ford on the assembly line)... 1943, amid World War II [more...]
Date: 2009-01-05 11:01:00
Why Video Will Be So Important in 2009
One of the principles that Web 2.0 affords us all is that, thanks to the ease of self-publishing, ... credit: Ford Motor Company ... . This became pretty clear to me today, when we made an announcement at Ford that we're launching a new [more...]
Date: 2008-12-30 23:24:33
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
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
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
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
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
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
ON THE RECORD at 10pm !!!
images-53 ON THE RECORD at 10pm PROGRAMMING NOTE: Tonight the CEO of Ford Motor Company, Alan Mulally. I am interested in, among other things, why Ford is asking for a line of credit when it says it does not need it???? and is the CEO really going to work for $1/year??? or are there options [more...]
Date: 2008-12-17 20:53:15
Bailout truthiness, and one cheer for Ford
By TigerHawk at 12/10/2008 07:50:00 PM Ouch: ... . By shunning government loans, Ford Motor Co.'s top executives say they hope to buff up the automaker's image ... of the year without it. But Ford set up $23.5 billion worth of credit in 2006, and both Chief Executive Alan [more...]
Date: 2008-12-11 01:08:02
2008 UK car sales fall
The UK motor industry has experienced a 12-month low in the number of cars sold, according to the Society of Motor Manufacturers & Traders ( ... , with the Ford Fiesta, Vauxhall Corsa and Ford Focus being the top three best-selling vehicles ... confidence. Further action to ease access to finance and credit across the economy is essential if long [more...]
Date: 2009-01-07 15:24:01
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
Chrysler Wants $3 Billion More
—Gabriel Malor See, the failing car-maker originally wanted $7 billion, but only got $4 ... Street rescue fund, known as the Troubled Asset Relief Program, or TARP. Ford Motor Co. said Sunday that it would not seek a $9 billion line of credit as planned because the company was satisfied [more...]
Date: 2009-01-13 03:42:56
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
Hyundai to slash domestic production by at least 25 percent during Q1
Hyundai to slash domestic production by at least 25 percent during Q1 Read More Discuss (3)E-Mail Despite global efforts to loosen credit and inject cash into the financial markets ... with sagging demand. Companies like General Motors, Ford and Toyota have already announced production [more...]
Date: 2009-01-09 20:15:38
US porn baron's appeal for $5bn bailout
Larry Flynt is hoping to bring off one of the more bizarre PR coups of the credit crunch by asking the US government for a $5bn (£3bn) ... after Ford, General Motors and Chrysler began to feel the effects of the recession.Flynt and Francis [more...]
Date: 2009-01-09 10:06:00
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
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