Tag Archive | "auto industry"

The Roundup September 28

The Roundup September 28

Maybe the Chinese can build an environmentally friendly Hummer, a “bold chihuahua,” maybe . . .” Even the Chinese hate Hummers The Hummer brand, however, could be on the road to extinction if GM cannot soon finish a deal with China’s Sichuan Tengzhong Heavy Industrial Machinery, the only bidder for the controversial brand. . . […]

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The Roundup August 17

It may not be “business,” but it’s not like there’s any news on Fox News, either. The News Corporation needs television viewers to find the Fox Business Network, and it thinks the cowboy-hat-wearing radio host Don Imus could help. . . . So far the upstart’s audience is measly. Nielsen Media Research estimates that in […]

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The Roundup August 11

You don’t become a billionaire by thinking “free” is a great way to make money. “Quality journalism is not cheap, and an industry that gives away its content is simply cannibalizing its ability to produce good reporting,” Murdoch said during a call with analysts and reporters. The Wall Street Journal, which he owns, is one […]

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Do auto buyers have a “right to repair”?

Do auto buyers have a “right to repair”?

Make sense? If the auto companies have their way, only dealers will be able to make sense of your car. In all the media storm about bailing out GM and Chrysler along with the multi-billion dollar bailout of auto dealers we call Cash For Clunkers, a political group primarily representing small repair shops is suddenly […]

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The Roundup August 7

Further proof that the jobs economy is slowly being replaced by a post-employment economy. For the first time since the Depression, the American economy has added virtually no jobs in the private sector over a 10-year period. . . .For the decade, there was a net gain of 121,000 private sector jobs, according to the […]

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The Roundup August 1 & 2 Another week of losers

Amazon Can the Amazon Kindle greed machine take on Apple with it’s tablet-iTunes machine-color ebook reader as well as Barnes & Noble and Sony? Here’s the rare situation — like Blu-Ray vs. HD — where the content providers will decide. Democrats About to lose the health care reform game because of the dizzingly bad idea […]

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The Roundup July 10

The Roundup July 10

Your local bank will happily lend you a few cents. That’s why they’re called small business loans. Now we’re talking recovery. The Obama administration is developing an initiative to take money from the $700 billion rescue program for the banking system and make it available to millions of small businesses, which officials say are essential […]

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The Roundup June 23

It sure sucks to be MySpace right now. MySpace, the social networking site owned by News Corporation, is reversing a strategy of international expansion in an attempt to slash costs and improve profits amid a global advertising slump. The company on Tuesday said about 300 of 450 employees in offices outside of the US would […]

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The Roundup June 18

The Roundup June 18

Ford unveils its new hybrid. Get ready for Bailout 3: Found On Road Dead With GM (GMGMQ) and Chrysler using the bankruptcy process to shed much of their own debt cheaply and quickly, Ford has gone from the automaker with the most cash on hand to the one with the most debt on its books. […]

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Having trouble getting your car fixed?

In all the hoopla, hand-wringing, and teeth-gnashing crashing around and about the auto industry meltdown — as newly-minted experts in business, industry, and economics sound off over their omelettes in every diner from Puyallup to Poughkeepsie about the wisdom of bailouts, the real fallout is starting to hit Main Street in an unexpected and unremarked […]

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The Roundup May 19

Didn’t I say this would be how Car 2.0 would work? Huh? Didn’t I? The deal marks a further bet on battery-powered cars by the maker of Mercedes-Benz luxury vehicles and a vote of confidence in Tesla. The electric car pioneer has struggled to raise funds and realise expansion plans during the credit crunch. . […]

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The Roundup May 14

Now the blood starts to flow in the auto industry . . . In a court filing today, Chrysler asked U.S. Bankruptcy Judge Arthur Gonzalez to reject dealer agreements for 789 dealers throughout the United States in a effort “to conserve cash and pursue transactions that maximize value (“Chrysler seeks to dump 789 dealers,” Detroit […]

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The Roundup May 13

And now, it’s the auto dealers’ turn. As many as 1,500 dealership contracts will be selectively pulled by the automaker because the dealerships are poor performers or because they are in locations already saturated with dealers selling the same brands. (“Auto dealer cuts: Painful surgery,” CNN Money, May 13) Many folks are confused how cutting […]

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The Roundup April 30

A hard ending maketh a good beginning. But the president also criticized a group of investment firms and hedge funds that did not agree to a $2.25 billion cash offer to cancel $6.9 billion in Chrysler’s debt, saying they were holding out “for the prospect of an unjustified taxpayer-funded bailout.” Chrysler’s main task in bankruptcy […]

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The Biz Roundup January 5

When you think about it, this is good news for mechanics and tow truck companies . . . The nation’s six largest automakers all reported December sales declines of more than 30% Monday, capping the industry’s worst year since 1992.Of the major automakers, Chrysler LLC took the biggest hit in December. Sales fell 53% from […]

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The Biz Roundup January 3

We never see a headline about a breadline today. In the midst of the deepest recession in the experience of most Americans, many professional forecasters are optimistically heading into the new year declaring that the worst may soon be over. For this rosy picture to play out, they are counting on the Obama administration and […]

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The post-gasoline auto industry, part three — Proof of concept

As followers of this blog know, I’ve been covering the decline of the auto industry in view of the future configuration of the auto industry and the opportunities available to far-sighted entrepreneurs here and here. Here’s the main thrust of the argument: But the current manufacturing structure is best for a world in which the […]

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The Biz Roundup December 13

It’s on again. It’s off again. It’s on . . . oh, forget it. :: Throwing a lifeline to Detroit’s ailing automakers, the White House reversed course Friday and said it would consider using the $700 billion financial-rescue plan to avert a bankruptcy of the Big Three that could deepen the U.S. recession. (Wall Street […]

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What happens after the auto company shakeout

Bailouts shmailouts. Everyone knows somebody is going to fold their tent, close the doors, buy the farm, and go the way of the dinosaur in the auto industry. Since this recession is poised to break the 16 month record and become the longest business downturn since the Great Depression, the shakeout in the auto industry […]

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The Biz Roundup December 10

Hey! Send me money! I’ll be happy to pay you negative interest! What a deal! Just email me! :: The U.S. Treasury Department said it sold four-week bills at a high rate of 0.000 percent, a level never before seen, in a $30 billion auction. When Treasury bill rates turn negative it shows that investors […]

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