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  • GM's October sales collapse

    October's US auto sales were as bad as expected. But even so, GM still managed a surprise. Once the undisputed market leader, its sales were truly awful, falling 45% versus October last year, as shown in the chart above. A sign of GM's own shock is that its inventory ballooned to 141 days, whilst...
    Posted to ICIS Blogs (Weblog) by Anonymous on 11-03-2008

  • Kerkorian down $650m: Lahde up 1000%: Buffett buys

    One of the oldest rules in investment is that 'When a good management finds itself running a bad business, its the reputation of the business that survives'. Legendary US investor Kirk Kerkorian has just proved he is no exception. Back in April, he spent $1bn on buying a 6.3% stake in Ford Motor...
    Posted to ICIS Blogs (Weblog) by Anonymous on 10-21-2008

  • US auto sales collapse in June

    'Collapse' is not a word that should be used lightly in business. But there is no other way to describe June's US auto sales figures: GM reported June sales down 15% Toyota were down 12% Ford were down 28% Chrysler were down 36% These declines came in spite of the fact that 130 million households...
    Posted to ICIS Blogs (Weblog) by Anonymous on 07-03-2008

  • US auto sales fall again in Q1

    Car sales are of major importance to the chemical industry. The ACC calculates each new car uses $2441 worth of chemistry . The declines reported below for March and Q1 do not, therefore, make pretty reading. March Q1 GM -13% -11% Toyota -3% -4% Ford -14% -9% Chrysler -19% -16% Even more discouraging...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-03-2008
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