GM had to recall 1.3 million cars this week, which took away much of its current marketing advantage over Toyota. The perennial No.1 domestic car company could claim that its Japanese rival had lost its ability to make defect-free and safe vehicles. Toyota’s 8.5 million worldwide recall was proof ... Read more

Ford (F) nailed it big time and came out with stellar earnings. Given the supposed weakness of GM and Chrysler they put their mark on the wall. The US market will continue to be problematic and most of the profit gains have come from cost reduction. The one area they are not really explaining is th ... Read more

General Motors may be closer to getting into cars as cheap as some go-carts.   A report over the weekend in the WSJ noted that GM plans to produce one of the compact cars for $4,000.00 in Asia.  While few details are set or known this follows a move of effectively the same sort of new ... Read more

Chrysler sells very few cars overseas, so it may never recover from the auto industry recession. GM and Ford (F), which have fairly large operations outside the US, should look at VW’s results for the last quarter. The largest car company in Europe posted profits that were 83% lower than last ... Read more

The clock is ticking for GM. If an agreement with the bondholders and the unions is not reached by June 1, GM is headed for bankruptcy court. If the deal is approved as currently on the table, the Treasury department would become GM's largest shareholder. Bankruptcy looks increasingly likely as ... Read more

General Motors (GM) announced their future; with or without going through the courts. They keep wanting us to believe that they are building for the future and a 10 million unit break even point. What have they been building in the past and why is it we are going to believe in them now? The future b ... Read more

General Motors Corporation (NYSE: GM) may have an answer as to what could happen with that Saturn unit.  Just be sure you stress the “may” in this thought.  A press release came out mid-day noting that an investor group “emerges to acquire Saturn.”  There may be more ... R ... Read more

With inventories stacking up and nowhere to put production (See Unsold Car Images From Around The World ), price wars on autos were only a matter of time. That time has arrived, and GM to cut prices to lure back US buyers . General Motors is preparing a fresh barrage of discounts and other prom ... Read more