bloomberg.com - 12/8/2008
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Dec. 8 (Bloomberg) -- U.S. automakers’ pledges for more payroll cuts to win federal aid may deepen the recession after they eliminated more than 100,000 jobs in the past 3 years. While the loans may spare General Motors Corp. , Ford Motor Co. and Chrysler LLC from collapse, shrinking their ...
bloomberg.com - 12/14/2008
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bloomberg.com —
Dec. 14 (Bloomberg) -- A bankruptcy filing by
General Motors Corp. or Chrysler LLC would worsen the...
longest recession since the early 1980s if it led to a shutdown at the companies. ``The economic ramifications of an outright bankruptcy would be ...
(more)
GM, Chrysler Bankruptcies Would Hit Confidence, Deepen ...
blog.mises.org - 12/10/2008
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blog.mises.org —
It was a dead heat. General Motors sold
9.37 million vehicles worldwide in 2007 and lost $38.7...
billion. Toyota sold 9.37 million vehicles in 2007 and made $17.1 billion. That was the second best sales total in GM's 100-year history and the biggest ...
(more)
Mismanagement at the Big Three
online.wsj.com - 12/2/2008
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online.wsj.com —
The Big Three auto makers will submit recovery
plans to Congress on Tuesday that emphasize cost-cutting, downsizing...
and renewed emphasis on higher-mileage cars in a bid to win support for a federal bailout. Ford Motor Co. Chief Executive Alan Mulally ...
(more)
Ford Will Speed Green-Car Launches
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Auto Industry Duress to Take Toll, Worsen Unemployment
naked capitalism —
Be careful what you wish for. Even a successful auto industry restructuring will involve substantial headcount cuts, deepening the recession underway. A Bloomberg story tallies the likely damage; ...
Dow Futures up 191 points heading into Mondays Open
thetechnicaltrader.net —
Dow futures are up big along with global markets late Sunday as we head into another week of….. WTF is gonna happen this time? Technically the DOW chart looks to be breaking a descending wedge pattern that began to form in mid-september. Which was around the last time i made any swing trades and was forced to adapt to strictly day trading as holding anything over night became a huge risk with huge gaps up and down and an enormous amount of volatilty that could put you in a hefty losing position if you were swinging the wrong side.
Now with futures up big Sunday you can pretty much throw out the charts from friday as stocks will likely gap up big if ...
Monday morning links
The Mess That Greenspan Made —
TOP STORIES Car bailout hopes rise as EU and China plot next moves - Reuters Dow Chemical cuts 5,000 jobs, closes 20 plants - CNN/Money 3M lowers full-year outlook, cuts 1,800 jobs - MarketWatch Debt-Ridden Tribune Co. Considers Bankruptcy - Washington Post Will Keynes save the world again? - Guardian Deflation’s Arrival Will Mean Savings, Profits - Bloomberg MARKETS/INVESTING Oil rises on talk of auto bailout, stimulus - CNN/Money Gold Gains in London as Weaker Dollar, Higher Oil Boost Demand - Bloomberg Highly traded ETFs and ETNs slip on ...
Related Content
Support wanes for additional automaker aid
usatoday.com 2/25/2009 — That's a huge, and fast, change of heart. In December, before the government approved emergency auto loans, the poll found that 61% favored some kind of government help. "The more people understand what's wrong with General Motors, (GM) the less ...
Say No to the Auto Bailout
cato.org 11/14/2008 — This article appeared on CNN.com on November 13, 2008. General Motors, Ford, Chrysler and the United Auto Workers union are pouring millions of dollars into a lobbying campaign for a taxpayer bailout. The money devoted to influence peddling in ...
Auto sales continue to plummet
optionarmageddon.ml-implode.com 1/5/2009 —
Can’t do too much to rescue automakers if no one is buying cars. Detroit’s bad vehicle lineup is only partly to blame. The bigger problem is that overall demand has collapsed. Americans now buy about 10m cars on an annualized basis, ...
Many Auto Suppliers Already on the Brink
nakedcapitalism.com 12/12/2008 — GM and Chrysler have been stretching payables, which means that many auto parts suppliers are in dire cash flow straits. And if auto parts makers fail, it doesn't hurt just the Detroit car makers, but the foreign transplants as well. From the New ...
Auto Sales Collapse, GM At 49 Year Low
globaleconomicanalysis.blogspot.com 1/5/2009 — 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.’s 2008 U.S. sales plunged to a 49-year low, dragged down by a 31 percent plunge in December as demand was ...
What Is an American Car?
cato-at-liberty.org 11/18/2008 — Before “loaning” billions more in taxpayer money to some very bad credit risks, simply because they are old American brands associated with Detroit, we might ask what distinguishes these companies from others.
The not-so-big three are certainly are ...
GM board reviews new turnaround plan for bailout
reuters.com 12/1/2008 — DETROIT (Reuters) - The board of General Motors Corp met on Sunday to review a restructuring plan intended to cut costs and win support for up to $12 billion in emergency funding from the government, a person familiar with the deliberations said. ...
Second Push To Stop Auto Bailout Madness
globaleconomicanalysis.blogspot.com 11/19/2008 — This is a second push to prevent Congress from throwing more money down a bottomless hole. In case you missed the first push, please read Stop The Auto Bailout Campaign . Please call and fax now. A vote may be coming up soon! We are reacting to the ...
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