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Happy New Year! Yes, I was bummed to see my Blackhawks get blown out by the Wings at Wrigley. But as I watched a hockey game played outside (very cool!), I read through your predictions for next year in the auto industry. Karnac has nothing on you guys.
The midsize Fusion Hybrid is Ford’s strongest effort yet to break the dominance of Japanese automakers in hybrid passenger cars.
If you haven’t been able to tell by now, I like to write. Look no further than my three books for proof. I seek to raise awareness of important issues, always trying to strike themes that investors can act on. I do this from a macro perspective, from the top-down — the subject of my latest book, Investing from the Top Down. Here are my top 10 'Top-Down' investing themes for 2009.
Stocks rallied to the finish line as investors shrugged off a drop in consumer confidence and cheered the bailout of General Motors' finance arm.
Has GMAC turned the corner? This is a big day for GMAC and a big day for the automotive industry. Consider these things...
Since millions of African-Americans began leaving Southern farms for Northern factories nearly a century ago in what is still known as the Great Migration, the destinies of many of them have been entwined with the auto industry’s. Now, with Detroit reeling, many blacks find their economic well-being threatened, the New York Times reports.
Stocks rebounded Tuesday as investors cheered the bailout of General Motors' finance arm.
General Motors up 10 percent pre-open as GMAC clears a major hurdle: They say they have raised enough capital to satisfy the Fed's condition to become a bank-holding company. This appears to be a new program operating within the TARP — so we now have a program specifically designed to invest in auto companies.
U.S. stock index futures pointed to a higher open for Wall Street Tuesday, after ending down on Monday, with investors still hoping for a last rally in the final days of the year.
The Dow slid on Monday after Kuwait pulled out of a joint venture with Dow Chemical due to the deepening global recession, threatening Dow's planned takeover of Rohm & Haas.
Stocks ended lower as the unraveling of one of the biggest deals this year overshadowed gains in the energy sector.
With the auto companies on their holiday breaks, this is always a week when I think about the year ahead for the auto industry. In past years, some of the predictions I've made to myself have come true, while many more were so off the mark it was kind of funny. So: What will happen in '09?
Stocks finished higher Friday on a day when Wall Street looked like a ghost town, but the week ended without a visit from a much-anticipated Santa Claus rally.
Stocks edged higher at the open as Wall Street looked for a boost from a Christmas gift for GMAC and some heavy holiday activity at selected retailers.
When I called folks I know in the various auto companies to wish them a Merry Christmas, I heard the same thing over and over. I'm thankful to still be working and I'm wondering how much worse things will get next year.
I'm not a car expert. I'm a driving expert. I drive 25,000 miles a year, and I've driven everything. I know what works and what doesn't, and I avoid buying American. Get mad at me all you want, but I speak from experience, and millions of other drivers in the Car Capital of America (California) agree with me.
Cramer is outraged. This morning, a piece at the Wall Street Journal lauded Cerberus, the private-equity firm that owns Chrysler and even called it a hero. "Excuse me?" questions Cramer querulously. In his mind, Cerberus is hardly a hero and definitely doesn't deserve praise for "risking" its capital in buying Chrysler last year -- especially now that the troubled car manufacturer is seeking government bailout money.
Stocks ended lower Tuesday, as a quick mood booster from an upbeat consumer sentiment reading wore off, and the drag of GM and financials set in.
Friday's bailout may have saved GM (and by association, Ford) but investors are trading these stocks as if they are headed for bankruptcy. That's because when it's all said and done, GM will have to re-structure itself as if it were in bankruptcy.
Stocks advanced Tuesday as the market mood got a boost from an improvement in consumer sentiment.