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

From the NY Times: Deal Is Set on Chrysler Debt That May Avert Bankruptcy The Treasury Department has worked out a preliminary agreement with Chrysler’s largest secured creditors ... Chrysler has about $6.9 billion in secured debt owned by big banks such as Citigroup and JPMorgan Chase and a ... 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

Toyota (TM) will make large cuts in its North American operations as sales in the region continue to fall. Given the strength of the Japanese company’s balance sheet, the moves speak volumes about how bad the US car market is expected to be for the rest of this year and perhaps 2010. ... Read ... Read more