cars

As you can probably tell from previous posts, I like he Currency Strategy Team at Brown Brothers Harriman.  I do not always agree with them – I am generally dollar bearish, whereas they are not – but I do like their analysis.  Marc Chandler…

You probably saw in my links that Fiat had bowed out because of German government demands. The Magna story also comes via the BBC: Canadian car parts maker Magna International is the preferred bidder for GM Europe, owner of Opel and…

I was on the BBC yesterday talking autos and my commentary was almost entirely political.  So, as we await the likely General Motors bankruptcy, I think it bears discussing how political this process has been and will continue to be.…

GM Bondholders are not happy about the GM deal because the government seems to be running the same scheme where senior bondholders get a serious haircut while other constituents like the union and the federal government get more.  Chrysler…

This e-mail came to my inbox from the FDIC last night: The Federal Deposit Insurance Corporation (FDIC) announced today the approval of GMAC Financial Services to participate in the Temporary Liquidity Guarantee Program (TLGP) allowing…

This is a video “discussing whether the Obama administration has intervened too much in business affairs, with Thomas Lauria, White & Case attorney and CNBC's Michelle Caruso-Cabrera.”  As GM has similar circumstances, the case is…

Reuters is reporting that the dissident Chrysler lender group has disbanded. Apparently, the lenders have finally figured out that they have zero chance of getting what they want as I have been saying all along (see posts here and…

Volkswagen and Porsche have finally hammered out a merger plan after some bitter infighting. My understanding is that the new company will carry the Porsche name and trade under its ticker symbol. In addition, the company plans to raise…

As developments in the global auto industry continue apace, it is becoming increasingly evident that Fiat has fashioned itself as a change agent in an industry rife with overcapacity. While eyes in the U.S. are fixed on a Fiat-Chrysler…

Yesterday, I posted a video in which two auto experts argued that the dissident creditors were getting a raw deal (See "A discussion about Chrysler’s bankruptcy plan on Charlie Rose"). The crux of the problem is their belief that they were…