Thursday, October 9, 2008 Stock woes slam Ford, GM Sinking share prices hinder automakers’ turnarounds Bryce G. Hoffman / The Detroit News Shares of Ford Motor Co. and General Motors Corp. continued their nosedive Wednesday, making it harder for those companies to raise cash and renewing concerns about the future of Detroit’s automobile industry. Ford [...]
Thursday, October 9, 2008 Price at pump $3 and sinking Cheapest crude since Feb., falling demand drive down cost; more declines expected. Tom Greenwood / The Detroit News While the economy might be in the tank, there’s a bright spot for motorists: It’s costing less to fill up the tank. More than a half-dozen service [...]
Report: Toyota profit to fall 40%, will miss estimates queryvar=”report:,toyota,profit,to,fall,40%,will,miss,estimates”; Automotive News October 8, 2008 – 7:00 am ET TOKYO (Reuters) — Toyota will likely post a 40 percent slide in annual profit, missing its profit estimates on weak sales in North America and slower growth in China, the Nikkei business daily reported. The [...]
Citigroup downgrades GM, Ford to sell queryvar=”citigroup,downgrades,gm,ford,to,sell”; Automotive News | October 8, 2008 – 9:30 am EST NEW YORK (Reuters) — Citigroup downgraded Ford Motor Co. and General Motors to "sell" from "hold" citing deteriorating global credit conditions and "unappealing" valuations. The credit crunch is likely to further stress original equipment manufacturers [...]
