GLG News by Mr. Jack Sayer, Managing Partner
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
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Japanese Carmakers Had Better Watch Out; South Korea Is Charging Ahead
November 17, 2009
Honda Targets Return To Pre-Crisis Profitability | online.wsj.com
Anybody who dismisses Hyundai and Kia's recent success as a "Cash For Clunkers" aberration is in for a rude surprise in 2010.
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Does Anyone Really Expect G.M. And Chrysler To Repay Billions In Loans?
November 15, 2009
After Bankruptcy, G.M. Struggles to Shed a Legendary Bureaucracy | www.nytimes.com
Top executives at General Motors and Chrysler have gone out of their way in the past week to say their once-bankrupt companies are positioning themselves to pay back the billions of dollars loaned to them by the federal government. Experts, however, say that billions of dollars are likely to be lost on the automotive bailout.
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Auto Sector Looking Better; What Are The New Drivers?
November 10, 2009
Toyota Posts Profit; Outlook Brightens | online.wsj.com
The auto sector gained 1.9% last week based on strong earning results from Ford and Toyota as well as bullish October sales numbers and the release of Chrysler/Fiat's plan to turn business around at the struggling automaker.
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GMAC Has Profitable Auto Operations In Q3; Floorplan Loans Crucial Going Forward
November 6, 2009
GMAC Loss Slims On Revenue Jump | online.wsj.com
After several quarters of losses, GMAC's automotive finance and dealer-related insurance businesses were profitable in the third quarter.
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Auto Sales Getting Closer To The "New Normal?"
November 4, 2009
Ford, GM U.S. Sales Rose in October, Chrysler's Fell 30% | online.wsj.com
With the exception of Chrysler, most major automakers saw improved U.S. sales in October. Hopefully, these results suggest the beginning of a return to what most analysts predict will be a "new normal" SAAR of 13 million vehicles.
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October Auto Sales: GM Expected To Hit Highest Its Market Share For 2009
October 29, 2009
GM To Draw Down More U.S. Funds | www.facebook.com
October car sales are expected to come in at the highest level of the year except for the summer's "Cash For Clunkers" program.
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Auto Sales In October Seen At Pre-Clunker Levels
October 27, 2009
Ford Gains While Rivals Falter | online.wsj.com
With another week on the books, October auto sales look to be on track for a SAAR in the low 10 million range.
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Is There Any Way The Domestic Automakers Can Regain Plunging Market Share?
October 23, 2009
Hyundai Profit Soars On Demand | online.wsj.com
A recent study shows that market demand is most heavily impacted by "new product." Not so much by price, advertising, etc. Where does that leave the Detroit Three?
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Global Auto Sales: 2009 Is Done, Get Ready For 2011
October 19, 2009
Toyota Aims To Keep Sales Strong As Subsidies End | online.wsj.com
The beginning of a significant revival in auto sales will start in 2011. Global sales of new light vehicles are forecasted to reach 60.8 million units, an 11% increase over 2010. This will finally bring the global industry back to 2008 demand levels.
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The Auto Industry: The Best years Are Still To Come
October 15, 2009
Auto Sector Puts brakes On Retail sales | online.wsj.com
Reports of the auto industry's death, and even the perception of decline are greatly exaggerated. Look beyond its current challenges and you can see increasing levels of productivity and innovation. And, most important of all, a wave of accelerating economic development in many countries that will, sooner or later, produce immense new demand for personal mobility.
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G.M. To Get Rid Of Hummer; Finally!
October 14, 2009
G.M. Is to Sell Hummer to a Chinese Company | www.nytimes.com
General Motors, in another step towards cutting its brand count in the U.S. as it recovers from bankruptcy, is ready to complete a deal to sell its Hummer brand to a Chinese company that builds heavy machinery. Hopefully, future sales will all be made in China.
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GM; A Lesson It Could Learn From Toyota
October 4, 2009
Yen's Rise Dents Toyota's Results | online.wsj.com
Last week, the president of the world's largest automaker, no, not GM, Toyota, said at a news conference that his company was "gasping for salvation." and is in the grip of a long-term decline.
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Saturn; eBay; Penske; No Good News Here For General Motors
October 1, 2009
G.M. To Close Saturn After Deal Fails | www.nytimes.com
On Tuesday, GM thought it had a deal to sell its Saturn brand to Roger Penske. On Wednesday afternoon the automaker was blindsided by news Penske had pulled out of the deal. This, on the heels of the announcement that GM will not extend its venture to sell cars through eBay. Neither announcement was good news for GM, one, however, was worse than the other.
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GM; Looks To Get The Jump On Imports With Electric Car In India
September 25, 2009
GM, Reva tie up for electric vehicles | www.business-standard.com
The development of small electric vehicles offers tremendous growth potential for the automotive industry, and General Motors, is getting the jump on its competitors by developing EVs for sale in India.
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Cash For Clunkers New Car Incentives Helped Used Car Giant CarMax
September 23, 2009
CarMax Raised To Neutral From Sell By Pali Capital>KMX | online.wsj.com
While used cars didn't qualify under the federal Cash For Clunkers program, CarMax credits the program with spiking traffic at its stores. As the theory goes, some new car buyers who didn't qualify for the new car credit turned to CarMax's used cars to scratch the car-buying itch.
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"Cash For Clunkers" Final Tally: Good News, Bad News For Domestic Three
September 20, 2009
GM May Boost Output Of New Models | online.wsj.com
The final tally is in on the most popular purchases and most popular trade-ins under "Cash For Clunkers." Ford Focus finished No. 1 for favorite buy. The Ford Explorer was the No. 1 trade-in. How did the Detroit 3 do versus the imports? Here's the final tally.
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Toyota's California Plant Exit Makes Sense
September 17, 2009
Toyota Will Shut California Plant in First Closure | www.bloomberg.com
Toyota has faced criticism from California lawmakers, the U.S. Departments of Labor and Commerce and local government officials over its decision to close its California assembly plant. However, from Toyota's perspective, the decision makes sense.
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Volkswagen Has Porsche, Sets Sights On Suzuki, What's Next?
September 14, 2009
Volkswagen's Piech Mulls Adding Two More Brands To Company | online.wsj.com
Volkswagen has made no secret of its desire to be the world's number one automaker, gobbling up smaller brands in its wake as it attempts to rival GM and Toyota.
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What The U.S. Auto Landscape Will Look Like After The Fall
September 13, 2009
GM to Cut 1,000 Salaried Jobs After 1,900 Workers Take Buyouts | www.bloomberg.com
From the auto industry's perspective, this economic typhoon isn't over until consumers get serious about buying new cars. At that point, the debate can begin about whether the economy has hit rock bottom and whether better times are on the way. Here's what we think will happen at that point.
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GM's: "May The Best Car Win" Ad Program Echo's Chrysler's 1980s Deal
September 10, 2009
GM’s Whitacre Said to Appeal Directly to Buyers in New Ad Push | www.bloomberg.com
General Motors, seeking to win the trust of American consumers after its U.S. funded bailout, will offer a 60-day money-back guarantee on its vehicles.
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