November 10, 2008
Running on Fumes: GM could soon run out of cash | www.forbes.com
Detroit's Big Three have several obstacles to overcome; the question is will they have the ability to withstand this perfect storm? Consumer confidence is shaken, financing is impossible or difficult, product mix doesn't meet market demands, alternative energy development and emission compliance is tremendously expensive, and the cutbacks and draw downs affect employee morale and leads to a loss of talent. Who, if any, will survive as a stand alone company?
October 15, 2008
G.M. and Chrysler Explore Merger | www.nytimes.com
The idea of GM buying out Chrysler is an exciting idea. GM was willing to pay up to five billion dollars for the Jeep Division just a few years ago. Imagine a Cadillac with a Hemi engine and so on. Both companies would benefit from this merger and it would be an exciting time in the industry. The elimination of two corporate offices and personnel departments and technology centers and testing and under utilized plants and etc. would be great for the business and would lower the cost of building autos and trucks. This would be a good idea in normal times, but we are not in normal times and this merger should not happen for GM to succeed in 2010.
Bill Heard Enterprises – “Closed”
October 2, 2008
Major GM Dealer Bill Heard Goes Out of Business | online.wsj.com
As single brand dealership stores fail so does the OEM brand image. You can spin it anyway you like; Independent Dealer, poor management, bad financial risk but at the end of the day perception is reality.
Renault's Move Is Right; Right Size the Company For Striking and Non-Striking Employees
September 16, 2008
Job Cuts at Renault Spark Strike | news.bbc.co.uk
As a result of soft sales, and soft volume projections, Renault must reach lower labor numbers through voluntary reductions. The pressures at Renault have been more intense than at other European OEM's as Carlos Ghosn applies pressure on vehicle development and launch timelines. The pressures, along with the labor reduction news, have reached a boiling point for the Renault employees.
Why the Big US made auto's won't sell
September 9, 2008
Sales Slump In Luxury Car Segment And Auto Makers Offer Deals | online.wsj.com
Current a condition is taking place in the auto industry that is not new put is puzzling to some auto observers. Large American made cars simply are not selling in the US market place. This is not the first time this has happened and will probably not be the last. Here is why: 1. American made large cars are not as fuel efficient as some import cars. 2. The trade in value of used large cars is very low causing a larger trade difference. 3. Dealer selection is very low because most dealers are trying to work these units out of their inventory and are not restocking. 4. Very little has changed on a new large car from the one purchased even four years ago. (Equipment, appearance, engines, and fuel mileage.)
Carmakers Deserving of a Bailout? Taxpayers and Consumers Take Notice, it's Your Wallet
September 1, 2008
Carmakers Deserve Loan Guarantees, G.M. Official Says | www.nytimes.com
There are other mechanisms to achieve where GM, Ford, and Chrysler need to be in terms of technology and product. The loans will be little more than a taxpayer funded bailout. GM, Ford, and Chrylser have not learned from the ample lessons they have had in the past, what assurances are there that they will this time.
Autloiv's Investment in Sensors Makes Good Sense
August 18, 2008
Autoliv to Acquire Radar Sensors Business of Tyco Electronics | www.tradingmarkets.com
Certain parts of the automotive passive and active safety original equipment market are moving towards commodity status, with volume being the key to future profitability. Tier One safety equipment suppliers must invest in those technologies that will bring greater value and margins.
RADICAL CHANGES FOR RADICAL TIMES – OR IS THERE MORE TO IT?
August 13, 2008
Detroit’s race against time : Will the Big Three’s cash last long enough for them to fix themselves? | www.economist.com
Chrysler LLC announced it was exiting leasing entirely in July and GMAC has discontinued leasing in their Canadian market. This in it self may be considered a risk management avoidance given the current market status, however I find it interesting that Chrysler LLC is owned by Cerberus and Cerberus owns 52% of GMAC as well. This is just another curve ball for an already troubled dealer network that now has to rely on regional banks and credit unions that have different approaches and most likely higher interest rates and more stringent qualification requirements.
What Is Next In The US Automotive Industry For Ford, GM and Chrysler.
August 7, 2008
Ford Details Overhaul Plans As Losses Continue To Grow | online.wsj.com
Ford announced it was bringing six European vehicles to the US market and GM announced it was closing four truck Plants and adding shifts and new products to other plants. While driven by the marketplace and predominantly by the price of fuel, this represents a departure from past downturns.
US Tier One Auto Suppliers To Be Hit Harder As European Designed Vehicles Are Produced In US
August 6, 2008
Auto Sales Sink, With Big Three Hit Hardest | online.wsj.com
With US auto sales down 13% in July and the forecast for the balance of the year equally distressing, news for the Tier 1 suppliers is even worse. The news of existing designed European vehicles being brought to the US quickly , may well mean European companies presently manufacturing parts in Europe may come with them. That means 2009 and 2010 offer no solution but only more problems.
Apple brings textbooks to iPad -- Finally
January 20, 2012
PayPal loses a key player in mobile device payments to Yahoo
January 10, 2012
More details and insights about the planned Sears Holdings store closings
January 4, 2012
Three things you should know about Sears store closings
December 29, 2011
Thoughts on GM Volt's recent "rapid thermal expansion" incident
December 6, 2011