GM: Why It WON'T Have Its Day In Bankruptcy Court

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From:  www.cnbc.com
Posted By:Phil LeBeauIf you think GM is just a short drive from steering into bankruptcy, think again. This morning, while everyone says this company is on the verge of collapsing, a GM spokeswoman emphatically said "NO!"     Read More Read Full Story
GM's Wagoner Makes Case On YouTube
Written on - Published to CEO Rick Wagoner
From:  www.cnbc.com
Posted By:Phil LeBeauIf you are GM CEO Rick Wagoner, what do you do? The man in the top job at the struggling automaker is pulling every move possible to keep his company from collapsing. And by all accounts, he's done a hell of a job.     Read More Read Full Story
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Can't Pay Car Loan? Bank May Not Even Want It Back!

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From:  www.cnbc.com
Posted By:Phil LeBeauWant a sign of just how screwed up this economy has become? Auto repo companies are finding business has slowed down because banks and lenders are reluctant to take back cars and trucks people can no longer pay for.     Read More Read Full Story
GM & Ford: Should Investors Give Up On Them?

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From:  www.cnbc.com
Posted By:Phil LeBeauThese are gut check times for Ford & GM investors. Shares of the two automakers slid to lows not seen since the early 80's for Ford and mid 50's for GM. As one Wall Street veteran told me, "These are dire times for Ford & GM."     Read More Read Full Story
Audi's Cross Country Push For Diesel

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From:  www.cnbc.com
Posted By:Phil LeBeauCould this finally be the big breakthrough diesel fans have been clamoring for? Could this be the start of Americans getting over their lack of interest for diesel cars? Audi certainly hopes so. Audi is on a cross country publicity push spreading the word about clean diesel.     Read More Read Full Story
Toyota Finds The Going Tough At The Top

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From:  www.cnbc.com
Posted By:Phil LeBeauThis is for all of you who e-mail and call me "Toyota Phil" and for those of you who think I favor the Japanese automaker and never write anything critical.     Read More Read Full Story
Some Of You Don't Believe Credit Crunch Hurts Auto Sales

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From:  www.cnbc.com
Posted By:Phil LeBeauOver the last two weeks I've done several reports on TV and written in this blog about tighter credit hurting auto sales. For the industry, September sales dropped 27% and nearly everyone in the industry admits that a big reason for the plunge has been the deteriorating credit markets.     Read More Read Full Story
Auto Sales Numbers: No One's Even Looking To Buy

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From:  www.cnbc.com
Posted By:Phil LeBeauHow bad is the auto business right now? Every automaker is feeling the pain, not just the Detroit 3. In the last week, showroom traffic (people simply visiting a dealership) is down 50% compared to the same time last year.     Read More Read Full Story
Why Bailout Failure Is Bad For Automakers/Dealers

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From:  www.cnbc.com
Posted By:Phil LeBeauWhether or not you agree with Congress voting down the $700 billion bailout, one thing is clear, this is bad news for automakers and auto dealers.    Read More Read Full Story
Electric Cars: The Race Within The Race To Win Drivers

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From:  www.cnbc.com
Posted By:Phil LeBeauCall it the Prius Principle. Toyota's Prius was not the first hybrid, nor, you could argue, was it the best gas-electric car in terms of performance. Still, ask 90% of America about hybrids and Prius is the first thing they mention.     Read More Read Full Story

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