Auto sales posts
FeedPosted Sep 23rd 2009 11:40AM by Elizabeth Harrow (RSS feed)
Filed under: International markets, Forecasts, Management, Ford Motor (F), India, Options
Alan Mulally, president and CEO of Ford Motor Co. (NYSE: F), said Wednesday that he expects U.S. auto sales to rise during the next two years. Vehicle sales in 2009 are expected to range between 10.5 million and 11 million units, and Mulally predicts that number will increase to 12.5 million in 2010 and 14.5 million in 2011.
"It has started to pick up right now because we have had the stimulus packages," said Mulally, speaking before reporters in India. "So, it will be up a little now, then will go down. But overall in the long term, the sales will grow with the GDP number." The CEO added that Ford expects to be profitable by 2011.
Continue reading Ford Motor forecasts rebound in U.S. auto sales
Posted Sep 21st 2009 5:00PM by Michael Fowlkes (RSS feed)
Filed under: Forecasts, Good news, Products and services, Management, Competitive strategy, Marketing and advertising, Recession, Financial Crisis

The past couple of months there has been a lot of news over the government's recent "cash for clunkers" program, which was wildly more successful than anyone could have imagined, but left dealer lots short on inventory. General Motors dealers are still dealing with low inventory and have
requested more cars to meet recent demand.
According to the Detroit News, General Motors dealers have requested that the company ship as much as
four times as many cars as the company had planned to build in October.
Continue reading GM dealers want more cars
Posted Sep 5th 2009 10:30AM by Ted Allrich (RSS feed)
Filed under: Comfort Zone Investing
Unlike Commissioner Gordon who can send out the Bat signal to call his helpmate against crime, there is nothing investors can do to summon aid in times of stress. They have to go it alone. But they can be armed with intelligence that helps. Here are few of the most prominent data points that will make a difference for all stocks, a macro perspective that should make navigating the stock market highway a little easier.
However, taken on a one-time basis, these aren't going to solve the mystery that is the market. Rather, data has to show a trend before it can be used. Even then, a trend stops and another begins. So even though the trend can be your friend, it can just as easily turn and become your enemy. As they used to say on Hill Street Blues: Be careful out there.
Continue reading Comfort Zone Investing: Road signs, good and bad, to navigate the market
Posted Jul 2nd 2009 8:00AM by Michael Fowlkes (RSS feed)
Filed under: Industry, Consumer experience, Competitive strategy, Ford Motor (F), General Motors (GM), Toyota Motor Corp. (TM), Recession
Auto sales continued to drop in June, but we are starting to see signs that sales may be beginning to stabilize a bit.
The auto industry is still in deep trouble. It is going to take a while before things get back to normal, but before things can even start to improve, they have to stop worsening, and that's what may be happening.
Continue reading Auto sales show signs of stability
Posted Jun 7th 2009 2:10PM by Tom Taulli (RSS feed)
Filed under: Deals, Competitive strategy, General Motors (GM)
Back in the 1950s, Roger Penske not only raced cars, but he also sold them. And, when he retired in 1965, he focused on his business interests, creating an empire. Now, there is Penske Auto (NYSE: PAG), which operates a chain of auto dealers, a truck leasing operation, and a high-performance car operation.
Well, this week the empire got even bigger; that is, Penske agreed to purchase the Saturn unit from General Motors. Terms of the deal were not disclosed.
Continue reading Saturn enters the Penske orbit
Posted Jun 2nd 2009 5:00PM by Michael Fowlkes (RSS feed)
Filed under: Good news, Products and services, Management, Industry, Consumer experience, Competitive strategy, Ford Motor (F), General Motors (GM), Marketing and advertising, Market matters, Recession, Financial Crisis

If you compare last month to May 2008, then
Ford Motor Company (NYSE:
F) looks pretty shaky: the American auto maker posted a 24% dip in sales year over year. However, the picture starts to look a lot better once you compare April and May of this year.
All in all, Ford sold 161,197 vehicles last month in the U.S.. Yes, this was 24% off the pace it set last year at this time, but it does mark a pretty impressive 20% jump over its numbers during the previous month, as the company was able to take slight advantage of its competitors' financial woes.
Continue reading Ford sees big drop in May sales, but does pick up market share
Posted Mar 3rd 2009 5:20PM by Michael Fowlkes (RSS feed)
Filed under: Forecasts, Bad news, Products and services, Ford Motor (F), General Motors (GM), Toyota Motor Corp. (TM), Employees, Market matters, Japan, Economic data, Recession, Financial Crisis
Continue reading Auto sales continue to weaken
Posted Feb 23rd 2009 2:19PM by Beth Gaston Moon (RSS feed)
Filed under: Management, Toyota Motor Corp. (TM), Japan

In yet another bit of news from the automotive industry,
Honda Motor Company (NYSE:
HMC) president Takeo Fukui announced today that he will be
stepping down from his post in June after six years with the second-largest Japanese automaker.
Fukui is passing the torch to Takanobu Ito, who currently serves as chief of automobile operations. The 64-year-old Fukui said, about passing the job to his 55-year-old successor, "It is very important to have a generational change in management every few years." It will be a challenging post for Ito, who assumes the reins as Honda and the overall auto industry face falling sales. The company is expecting an earnings loss of nearly 90% this year to $860 million (but at least they are still hoping to turn a profit).
Putting it mildly, it has been a turbulent time in the auto industry.
Toyota Motor Corp. (NYSE:
TM) replaced its president in January. Mazda announced changes in management in November. And Nissan president has delegated some of his responsibilities of late. Meanwhile, on American soil ... well, we all know the saga the Big-Three is facing.
Beth Gaston Moon works for WeSeed.com, "The stock market for the rest of us." The above comments are not intended as trading or investment advice.Posted Feb 9th 2009 10:15AM by Michael Fowlkes (RSS feed)
Filed under: International markets, Bad news, Products and services, Management, Competitive strategy, Employees, Thailand, Japan, Recession, Nissan Motors (NSANY), Financial Crisis

For employees of Japan's third largest automaker,
Nissan Motor Co. (NASDAQ: NSANY), the news today was grim. Nissan announced it will be
eliminating a hefty 8.5% of its workforce, or roughly 20,000 jobs.
The news comes at a time when all automakers are struggling to deal with the global recession that continues to keep car buyers off the showroom floors. Nissan said it expects to report its first annual loss in the past nine years.
For the company's most recent quarter, October through December,
Nissan reported a $904 million quarterly loss.
Continue reading Nissan (NSANY) job cuts run deep
Posted Feb 3rd 2009 3:30PM by Michael Fowlkes (RSS feed)
Filed under: Bad news, Products and services, Industry, Ford Motor (F), Recession, Financial Crisis

Struggling auto maker
Ford Motor (NYSE:
F) announced its
January sales figures today, and as you may have guessed, they weren't pretty.
During the month, the Dearborn, MI. auto maker says it sold 93,060 vehicles in the U.S. Compared with the 155,832 vehicles sold during January of 2008, we are talking about a massive 40% year over year decline. Definitely not the way the company would have liked to kick off the new year.
Continue reading Ford drives home weak January sales
Posted Jan 6th 2009 5:15PM by Connie Madon (RSS feed)
Filed under: Deals, Products and services, Industry, Consumer experience, Competitive strategy, Economic data, Personal finance
As everyone knows, the auto industry is on the skids. In December sales of cars and light trucks fell by 36% to 896,124 vehicles, with Chrysler down 53%, GM down 31% and Ford down 32%. Toyota, with sales also down, is suspending production in Japan for 11 days.
The auto industry is facing two major problems: The first is whether to produce SUVs or cars. George Pipas at Ford seems to believe that customers will tend toward buying more cars in the coming year. The second major problem facing the auto industry is how to get customers into the showrooms.
The usual promotions to the consumer are "cash back" offers. But Hyundai has come up with the most creative and unique promotional program yet. Hyundai will let customers return their cars for up to a year if they lose their jobs or can't make the payments.
You can bet that as times get tough manufacturers and retailers will come up with a variety of "far out" deals. Whether or not they will work is anyone's guess.
Would you buy a Hyundai?
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