Auto Parts Suppliers In Trouble

Compared to service sector businesses, manufacturing creates more jobs both directly and indirectly. It also works the other way. When car makers go out of business, the repercussions are felt far and wide. The first of what will surely be many more such stories to come. From the Washington Post: Struggling Auto Parts [more...]

Date: 2009-01-27 02:50:44

Blog posts (12) | Videos (1)
 

GM, Ford Death Watch

Fortune is reporting GM plunges 31% as outlook dims Investors cast a shocking vote of no confidence in the future of U.S. automakers Thursday ... a new report by Global Insight that shows U.S. auto sales hitting recession levels this year ... million in 2009, compared with 16.1 million last year. It turns out that auto finance companies were [more...]

Date: 2008-10-11 05:40:52

And I That Didn't Impress You...

...two items from the auto industry. From Reuters, again ... to access loan to fund auto purchases. BMW suffered a comparatively mild 8.3 percent decline in group [more...]

Date: 2008-11-07 13:59:45

Nearly A Month After Taking Office

Still Full Of Shit... Looking at this Wall Street Journal story.. ... or 1981-82. Auto production last year declined by roughly 25%. That looks good compared to 1932 ... compare to over 10,000 bank failures in 1933, or even the 3,000-plus bank (Savings & Loan) failures [more...]

Date: 2009-02-17 08:29:00

Auto Loan

Automobile is becoming one of the most important necessities in people’s life in the modern society. Comparatively speaking, automobile can be one of the expensive items you’ve got in your daily life. Finding the best way to finance the purchase or refinancing a new or leased car [more...]

Date: 2008-08-15 11:12:45

GM should be bankrupt. Nevermind, it will be…

I was just re-reading my earlier post on What is Credit? when this piece of managerial brilliance crossed my desk - GMAC Adds Loans as U.S ... help in efforts to stabilize the U.S. auto industry,” GMAC President Bill Muir said in today’ ... : GMAC will now lend to vehicle buyers with credit scores of 621 or higher, compared with a previous [more...]

Date: 2008-12-30 22:04:13

As Banks Battle For Customers, Comparing Pays Off

Competition among banks for consumers' money has heated up in recent months, which means better deals on bank accounts ... for auto loans. Find out which credit unions you qualify for by asking your employer and family ... at online banks, such as EmigrantDirect.com, INGdirect.com and HSBCdirect.com. This is where you might [more...]

Date: 2008-08-31 07:01:00

Slip Sliding Away…2008 Auto Sales Are In

Auto sales figures for the American market are in and, as has long been expected, they reveal just how much new car sales slid compared to 2007 ... to expand their small car offerings in the coming year to take advantage of shifting consumer demand [more...]

Date: 2009-01-06 07:05:18

St. John's Unemployment Rate Down Compared to Rest of Country

As of December, 2008, here's how Canada's unemployment levels are looking: (see table of provincial unemployment rates below)Nationally, there is a ... . The depression in the auto industry could cause many more swells in unemployment, particularly ... up credit, including for car loans, to put unemployed Canadians to work on infrastructure programs [more...]

Date: 2009-01-11 04:06:00

Compare and Contrast

While all this is true, I just have to wonder why the banking industry got a blank check on their own bad behavior: ... s three automakers should be replaced if they don’t use pending government loans to make major changes ... We have to have an auto industry that understands they can’t keep on doing things the same way,” Obama said at a news [more...]

Date: 2008-12-08 13:29:09

Fixing Detroit?

Two interesting articles comparing the current automobile industry with the steel industry of the 1970's ... about Obama appointing a “car czar” to solve the problems of the Big Three auto makers ... in the relationship will prevent the auto makers from restructuring and becoming competitive once again.Bloom [more...]

Date: 2009-02-18 20:14:32

a tale of two industries

flintsone car Compare and contrast, Big Defense: ... that was designed during the cold war and has never been used in combat, has many critics, and they include ... provided up to $140 million in bridge financing for some of the suppliers. and Big Auto: Emergency [more...]

Date: 2008-12-11 17:15:38

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