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Ford is the better company. Hype is over for GM now they only raped Ford because of GM IPO today. I wouldn't sweat it Ford will continue to ride back up again. Ford got screwed today on the backs of GM that is all. Ford in itself is a good company in the end and GM will end up in the dirt again. Their IPO didn't do that hot it would have fallen below 34.00 if it wasn't being held up on purpose. FORD got whack on manipulation. JMHO
Amazing how they are trying to keep the price up on GM IPO it is dropping like a rock and they keep adding the PPS higher jumping one cent PPS and then all of a sudden it's .05 jump. Unbelievable geez I have seen a few analyst knock GM down and why the hell would investors even touch GM is insane. I bet their next earnings will be garbage since they are losing money on their European division. Good find John I watch BNN and one of the analyst called GM IPO a dressed up pig and wouldn't even touch it with a ten foot pole. He even thinks GM once again will go bankrupt. US government losing taxpayers money and selling their shares for beans. I am glad our Canadian government refuses to sell their shares for cheap no matter what.
Ford Fiesta chosen as the Canadian Automotive Jury's 2011 Best of the Best Winner
Source: The Canadian Automotive Jury
LOS ANGELES, Nov. 18 /CNW/ - A jury of 10 senior Canadian automotive journalists have selected the new Ford Fiesta as the 2011 Canadian Automotive Jury's 2011 Best of the Best Winner.
From the dozen Best of the Best Finalists that were announced last month, the Fiesta was recognized as "the one and only, best of the best" of the current crop of 2011 model year vehicles in Canada.
The Jury—some of the most prominent automotive journalists in Canada—cited the Fiesta's availability as a sedan or hatchback, excellent fuel economy, "big car" features, and a high "fun to drive quotient that was tough to beat."
The Canadian Automotive Jury's annual Best of the Best Awards are unique in Canada. Its 10 Jurors account for the vast majority of automotive industry coverage in Canada. And the Jury's selections don't exclusively focus on a specific model within a family of vehicles or only "all-new" models.
To qualify for the Best of the Best Awards, vehicles must have been on sale in Canadian showrooms by October 1, 2010. From this group, Jury members chose 11 finalists. The reigning champion, the 2010 Best of the Best Winner, the Volkswagen Golf, was automatically included as a finalist.
The Canadian Automotive Jury is a not-for-profit group of prominent Canadian automotive journalists, pledged to the highest standards of uncompromised reporting. The Jury has a coast-to-coast reach in all forms of media including newspapers, radio, television and online
GM may win green car of the year and that is so pumped up only because GM trading today BS we all know that. Ford still walks away the winner in Canada and still top spot NUMER one in Canada. Anyone who got into GM today got screwed and of course the hedge funds who got it at 33.00 made money. Ford got screwed today for no reason and this was the sell on the news garbage. We shall see who buys back into Ford EOD because since Ford gets a whipping today and the very few stocks in the red on the broader market on GM's account I doubt Ford will be in down again the rest of the week. Ford sold Mazada share for something and would not be surprised for Ford to announce why very soon. JMHO
I can drink to that Ford will come up the winner. This pump and dump of GM I give it two trading days. That will bust the bubble fast on GM and see how fast the market will turn against it and how fast the analyst all of a sudden come back to Ford. Major manipulation on the auto stocks today just for the sake of a bankrupt company that takes taxpayers money and taxpayers may not be able to see all of it back in return. JMHO
GM is sucking out the other auto industry and this not normal when broader markets is kicking today in triple digits. Like I said they are pumping the GM IPO and kicking the chit out of the other guys for no reason. EOD nothing over until FAT LADY sings. The thing is GM opened out at 35.00 and if retail investors were even playing it they would have not made much money and probably no retail got even a share at opening price of 33.00. You would have had to put a massive amount of money in the first place to make a dime. I don't think retail investors thought of it. GM will end up falling flat EOD. JMHO
They are insane. Some idiot this morning downgraded Ford to neutral for no reason Buckingham not even credible analyst. They are whacking Ford for no reason. Figures pumping up GM I wouldn't worry about it. I would not be surprised GM does not do well today and PPL who are stuck at the end will be sorry they dumped Ford for GM. All manipulation on Ford today there is no reason for Ford to be down on a good on the market. Just because GM IPO today they figure if Ford up no one would be looking at GM. Ford is still an excellent buy on dips as it won't be at a low for long. JMHO
Eke PPL are insane. Just looking at TSX on GM and already trading up on 37 bucks pre-market. Dropped back to 35 now up and down for GM trading looks pretty volatile. Well should be interesting today. TSX exchange if anyone wants to know what GM is trading at is T.GMM.U in US dollars now isn't that a kicker for the Canadians LOL. Ford looking good and hopefully it regains back over 17 and maybe hit 18.00 today. :). Nah prefer Ford do buyback instead or use it towards their technology or products or make M/A. Ford selling most of their stake in Mazada from 11 percent to 3.5 percent in Mazada but will still hold good ties with Mazada. Ford must be thinking of something because they have been top holders of Mazada since 1979. Wonder what they will do with the money. We shall see soon enough I guess. JMHO
Reuters Summit-BorgWarner:China may trigger auto 'perfect storm'
Reuters Summit-BorgWarner:China may trigger auto 'perfect storm'
17 Nov 2010 - Reuters
Reuters Summit-BorgWarner:China may trigger auto 'perfect storm'
* Auto output surge in China may create "perfect storm"
* Consolidation inevitable among Chinese automakers
* BorgWarner open to China acquisition- CEO (For other news from the Reuters Global Autos Summit, click on http://www.reuters.com/summit/Autos10?pid=500)
By Deepa Seetharaman
DETROIT, Nov 17 (Reuters) - Production capacity in China's fast-growing auto industry could more than double by 2020 but a surge beyond that level would risk swamping the Chinese market and others with excess supply, the chief executive of global autos supplier BorgWarner Inc said.
BorgWarner projects Chinese auto production could grow to 30 million units by 2020. In 2009, vehicle sales in China jumped to a record 13.6 million units and the Chinese market surpassed the U.S. market for the first time.
Some forecasters project even higher sales of 40 million by 2020, but there may not be enough Chinese buyers to snap up vehicles to support that level of production, BorgWarner CEO Timothy Manganello said during the Reuters Global Autos Summit.
As a result, Chinese automakers could try to sell their excess vehicles in North America, Europe and elsewhere in Asia -- a move that would pressure pricing in those markets and expose areas of costly excess capacity for rival automakers.
"They're (Chinese automakers) going to try to take that capacity and try to export it, which will create a perfect storm in North America or Europe, because we already have some excess capacity," Manganello said in Detroit.
"It's going to create a fairly unique tension within the global auto industry," he said.
But ramping up production capacity to make 40 million cars could also backfire on Chinese automakers, leaving them with too much supply and few buyers, Manganello said.
"Even the Chinese (automakers) say if they end up with 40 million units of capacity, they don't know if they can sell 40 million units inside China," Manganello said.
Should supply far outstrip demand, there could be increased consolidation among Chinese automakers, Manganello said.
That view was echoed by Raymond Tsang, a partner at Bain & Co's Shanghai office, who also spoke at the Reuters Autos Summit.
China's auto industry is highly fragmented, with over 10 players controlling more than two-thirds of the market but with dozens of other niche players present.
"The industry is going to look at a pretty massive overcapacity in the medium term. Some capacity will have to be shut down because the global market is not growing," Tsang said in an interview as part of the summit. ReutersLink ID='ID:nTOE6AB01S' /
'FISHING IN A BATH TUB'
Despite the risks for overcapacity in China, Manganello said the near-term future would be defined by the opportunity to ride the wave of growth.
BorgWarner could buy a company in China to expand its powertrain portfolio or make more products in China that may never be sold in Europe and North America, Manganello said.
"China is going to be like fishing in a bath tub," he said. "So what's the strategy for fishing in a bath tub? You just need more poles in the water."
Chinese auto companies are also eyeing global growth and expansion into other markets, Manganello said.
"They're becoming technically competitive and they'll grow into a global market," Manganello said.
The quality of Chinese automakers' offerings is one key factor that could dictate their success in markets around the world, he said.
To start, these automakers may enter markets like Africa or other under-developed countries.
"That's probably where you're going to see them penetrate first," Manganello said. "It's a lot easier, the standards are lower, the government regulations are less strict if any at all."
BorgWarner, like other U.S.-based suppliers, works with Chinese automakers to improve their technology. Roughly 7 percent of the company's revenue is derived from China.
BorgWarner is a leading supplier of turbochargers and other engine and transmission components.
Its largest customers are Volkswagen AG , Ford Motor Co and Toyota Motor Corp . (For more on the Reuters Global Autos Summit, see ReutersLink ID='ID:nLDE6AE1BA' /) (Editing by Muralikumar Anantharaman)
If it weren't for the Eurozone / China Ford would have hit 18.00 yesterday all the noise was just noise and as of today it would have probably been close to a little over 18 before that IPO. Notable hardly really any talk of China as China like they always are prepared in advance for trouble was not much yakked about. Eurozone no doubt was in talks for bailout for Ireland and would have not been surprised for them to pop the news sometime towards end of the week or Monday trading. A/H all commodities and currencies running back again oil, base metals, precious metals bounced right back. Tomorrow is jobless claims with the sour data on US today was ignored anyways looking at the stocks on the indexes they fared not so badly a little flat with caution. Ford amazes me and investors still doubt Ford no matter what Ford does to make the situation go from looking gloomy to coming up smelling like roses. If Ford going from down under to in two years hitting highs again should let investors know that even in a bad market Ford is a strong stock to hold onto. GLTA and hope Ford wins the battle and kicks GM flat out the door. JMHO
http://www.ft.com/cms/s/0/1f66daf4-f277-11df-a2f3-00144feab49a.html
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/11/17/bloomberg1376-LC26VR1A1I4H01-5084SJVEMTHADNORUM1OEQIUEL.DTL
Yup Kuwait pulled out too because GM was too pricey so far that means two overseas decided not to take part and that some of the other hedge funds won't touch it either well the very smart ones won't. It's the big hedge funds that are going to screw with GM stock all day rise to a peak and then drop it like the GM dog it is. I hope the shorts move over to GM because it would probably be a good short for them. I find it funny everyday the IPO got more oversubscribed I don't think that was the case just hyped up BS from the hedge funds. Trying to sucker in the retail investors I do not believe for one second GM IPO had that high of a demand.JMHO
Chinese getting cold feet in GM IPO a day before it goes to trade on the market. Goes to show how hyped this GM IPO is.
SAIC stake in GM yet to win China OK: sources
Wed Nov 17, 12:36 PM
By Kevin Krolicki and Soyoung Kim
DETROIT/NEW YORK (Reuters) - China's government has not yet approved state-run automaker SAIC's plans to take a stake in General Motors Co , making it uncertain whether the deal can be completed as part of the U.S. automaker's IPO, two people familiar with the matter said on Wednesday.
GM and SAIC Motor Corp Ltd have been in wide-ranging discussions since the summer on ways to expand their cooperation beyond the China market, where they are joint-venture partners, people with knowledge of those private talks have said.
SAIC agreed in principle to invest between $500 million and $1 billion in GM, pending approval by China's Ministry of Commerce, those sources said.
One person said that as of Tuesday, SAIC had still been planning on a 1 percent stake in GM. That would be worth more than $600 million because of the rising value of the U.S. automaker's IPO and the strong demand for its shares.
But as of Wednesday, Beijing had not acted to approve the proposed investment, two people said. A Ministry of Commerce spokesman had no immediate comment.
GM declined comment. SAIC representatives could not be immediately reached for comment.
The reason for the delay in approval by Beijing was not clear, and it was not immediately known if approval from Chinese officials could still be won or if the proposed investment could be made in some altered form, said the sources.
The people with knowledge of the discussions asked not to be named because the talks remain private.
If SAIC were to drop out of the IPO, it would have little impact on the broad terms of GM's stock sale, according to people close to the deal. The prospect of investing in a potentially more profitable U.S. automaker has drawn strong interest from other institutional investors, they said.
But the potential for SAIC to take a small stake in the larger and older GM had been watched for its symbolic importance and for the potential that the two companies could develop a broader alliance outside China.
The two automakers have an agreement to develop electric cars jointly, and each has a stake in a joint-venture operating in the Indian auto market.
GM's exposure to the fast-growing Chinese market and its partnership with SAIC have been major pillars of a just-completed road show for institutional investors led by Chief Executive Dan Akerson.
Tim Leuliettle, a director at Visteon Corp and longtime U.S. auto industry executive, said SAIC would have other opportunities to invest in GM and cement a key partnership even if it did not participate in the IPO.
"They may not be in the IPO. It doesn't mean they're not going to be playing a role over time, or might not step up for the second or third tranches of equity as this goes forward," Leuliette told the Reuters Autos Summit.
"But the emergence of GM from bankruptcy is such a politically sensitive event that there are other factors that would perhaps affect the decision process of those offshore that want to invest," he said.
He added, "There will be plenty of time. There will be other opportunities. Let's get this one launched and off the docket and then we'll see what happens."
(Reporting by Kevin Krolicki, Soyoung Kim, Philipp Halstrick in Frankfurt and James Kelleher in Detroit; editing by Matthew Lewis and John Wallace)
I love Ford trucks. Prefer Ford to GM. I have owned both but Ford always was loved by my husband and will always be our first truck pick for dependable and reliable and made tough. I am disgusted that any retail investor would even consider going into GM unless they short it and flip would be just desserts for that IPO. Better for all the retails to shun that IPO and just buy Ford to prove who the better company is and where Ford should belong on PPS. We all know it doesn't work that way but would be nice to see. I am looking forward to tomorrow and fully hoping GM falls flat on it's face on their IPO and that Ford and the other stocks in auto industry kick it's butt on trading day tomorrow.
True about earnings and sales. However the Chevy Volt is priced ridiculous compared to say some of Honda's, Toyota or Ford's fusion fuel efficient cars. Ford also steals the market shares when it comes to their vans which FED EX and UPS and of course other government fuel efficient trucks. The Fiago is doing well in India and has only just begun and GM today was still looking to get rid of SABB. GM has a lot to work through not just the government. If the Chevy Volt does not sell in numbers they still lose market shares and sales to the other competitors. Ford we all know will win truck of the year like they always do and Ford is priced competitive without having to give incentives to the price. Both Ford and GM may not do as well in Europe right now but that can change. China will be the bread and butter for both and Ford since they have India and maybe able to enter Korea also if US and Korea can agree on a deal that means Ford will do better than GM because of India. Ford is going to tread on GM's space and has already gained major ground since GM was in bankruptcy which gives Ford the upper hand. We shall see let the battle begin my money is on Ford. JMHO
33 dollars a share IPO GM will be what it will be trading at. FORD on BNN after hours. GM IPO talked about all day on that website there are clips you can listen too and judge for yourself. Ford no matter what is a buy on dips. GM IPO way too hyped and over subscribed. Canadian government refuse to put their shares up instead they will allot them only over time and US government taking a dive on the taxpayers money. GM has to hit 50 bucks a share for US government to break even. That means GM is not a good hold over short or long term. Ford will pull back but most analyst feel Ford is the better company and buy Ford when it does. Ford will move forward and most likely whoop GM's share price in the end. Not all hedge funds agree with GM IPO and will not participate because of the government over hang on the stock. Honestly I cannot tell you what are on investors minds and what they are going to do. With Eurozone still hanging (not for long as Eurozone will be announcing a decision on Ireland) As for China is going to try price control before even considering a interest rate hike and China has done this procedure before not long ago and they were fine market moved higher. Ford you already know is the better horse in the long run and GM will have to fight every step of the way when it comes to market shares, government bailout and earnings. Ford already set up and will advance. Investors have to look at the whole picture when it comes to Ford and GM and Ford has already proven itself GM still has to prove themselves, it's up to every investor to decide for themselves it's their money nobody can tell you any different. JMHO
Ford will go with the market. Why would anyone be worried it's all market noise that brought Ford like every other stock on the indexes. 2 stocks in total were even in the green on the NYSE. It's like saying coulda, woulda, shoulda and ifs games. If investors believe the auto industry is getting back up which in turn the numbers as of late have shown that and retail numbers have been good then why should any investor want to sell for pennies when they know Ford is worth more in the long term looking at Ford's specs and turn around points in that direction pending the market conditions. No amount of news from any stock today would have helped much it was being outweighed by Eurozone and China. Like I said all market noise heard the same tune and Ford in the end ended up higher not lower a few months later. Goes to show you what the market will be like in the next coming months into the new year. This is political games because the market pulled up so fast and needed to be corrected in tune with all global market data. We all know Eurozone will bail out Ireland and no matter what Ireland thinks they won't take it they will be persuaded for the sake of the market and the Eurozone, as well as the rest of the PIGS. As for China's inflation rate is nothing to be scared of it is a good thing not a bad thing in turn it will in the end let flex of the yuan which in turn is good thing for all resources and related to resources like the auto industry and amongst other sectors. China will continue to buy they just get it cheaper at these prices and consume all goods because they need to support a growing population which now has over 1.3 billion Chinese. India not far behind and need the same needs as China. China is just controlling what the US and Eurozone will not control is the inflation that can consume a country into deflation fast keeping their economy and recovery intact and stronger without having to put in anymore stimulus money. By raising interest rates keeps things in check and the risk of bubble forming is lessen and makes a country stronger in their economy which in turns gives back to PPL in jobs, wages, housing etc etc in turn means more of everything to be consumed. Simple just read the macro and micro economics of these countries. The greater need of commodities, resources lead to the greater need of products, machinery, infrastructure etc etc. 1+1=2 JMHO
Knee jerk reaction. PPL weren't reading their news on market some hoping it would not faze Ford because of up coming IPO for GM. Investors don't understand with Ford it follows the market most times and of course on it's news. Today was a bloodbath and no amount of news was going to help stocks very much. The lure of Eurozone problems and China got the best out of investors even though they have heard this tune before. Herd mentality. Panicked investors wanted to protect profits they didn't want to see a repeat of 2008. Understandable of investors nothing wrong with that and stop losses I am pretty sure got taken out also. Like I said if you are looking at Ford for a long term investment you won't be sorry you did. Whether short investment you won't be sorry either. What ever an investor chooses as their investment style Ford is an excellent pick. Yes investors are frustrated hoping to see Ford continue it's run but they must understand when it comes to the market noise you may never know what to expect. Look at it as buying opportunity. They sell you buy, they zip you zag. Herd mentality and lemmings falling off the cliff .BTW Lemmings and cliff a myth:) is like saying if they jump off a bridge will you jump also. Hedge funds love this type of market they know they can pick up shares cheap and MM's love this market too because they know they profit off the volume of the market. Emotions are not good for trading on days like today you just shut off the computer and go do something else knowing you own a stock that you did DD on with all the right growth/fundamentals and in the end will smell like roses. JMHO
No thanks. I would rather buy semi-conductors or technology sector pertaining to the semi-conductors. Anything attached to smart phones and broad band nets or medical devices technology, not books or discs. OTCB stocks deadly you lose more than you gain and if you day trade only in OTCB stocks. Wild manipulation in OTCB stocks. Stick to Ford you won't be sorry. JMHO
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EP Global Communications, Inc. (EP) is a publishing and communications company. EP provides practical advice and the up-to-date educational information for families of children and adults with disabilities and special healthcare needs, as well as to the physicians, allied health care professionals, and educational professionals who are involved in their care and development. EP uses a multi-media approach to disseminate information through, its monthly print publication, Exceptional Parent (EP) magazine; its Website, www.eparent.com; clinical custom communications projects; the EP Bookstore, www.epbookstore.com, which offers books, digital versatile discs (DVDs), and compact discs (CDs) on a range of disability related subjects, and online, interactive continuing medical education (CME) accredited seminars and teleconferences on a range of special needs topics through, www.epliveonline.com.
Markets all down day. Ireland and Eurozone worries and China interest rate hikes. All of this has been done before just slight correction on resources that is all Ford only fell with the markets. Like I said all old news just to correct markets you will see same results as last time markets trend higher. JMHO
Yes it was. Out of the 3 auto makers Ford stands to benefit the most. 2 automakers still will be under thumbs of government not just one but two US and Canada. Ford will not be and will continue to stand to profit in market shares and earnings even though Ford was considered slightly disadvantaged because they did not take bailout is untrue now since Ford will be out of debt by end of year and has first dibs with the Unions Ford actually had the upper hand by not taking that bailout. Investors just jittery right now but they must understand that auto industry is picking up and recovering fine. The noise on the market is actually really getting old because in the end the markets trended higher not lower in all this noise months ago. You will not be sorry holding onto Ford. JMHO
Ford did well today as you can see all day today on markets none of the hedge funds were playing most were all retail investors. I have never seen Ford go so slow in the last half hour of trading. The volume on markets were just pathetic on what it normally would do on high frequency trading. Ford would have finished way higher.
BNN.ca
The Close /Headline
They talk about CEO Mulley and about Ford. If anyone is interested in seeing what good things they have to say about Ford and a little bit about GM also. Also a bit on the uptake or down take of GM IPO.
GM IPO now going into high 31-33 dollar level.
http://ca.news.finance.yahoo.com/s/15112010/6/finance-gm-expected-price-ipo-above-30-share-sources.html
All stocks have the high frequency platforms that these hedge funds use to trade by milli seconds. It is what supports the most of the market volumes on the indicies. It actually funny if you watch on a down day these platforms are not around to support the market on up days they are trading so fast. Example the May flash crash happened and the high frequency trading was no where to be found. They continue to allow these types of super computers to do the work they will have a riot on their hands. The flash May crash wasn't the last time either considering they installed circuit breakers to halt trading of stocks if they fell 10.00% it triggered it to halt for 5 mins. Funny the SEC installed these measures yet still stocks crashed after wards and the circuit breakers never worked and bear raids were done on many stocks that I have seen. Citigroup was attacked a month later, AVNR was bear raided right before an FDA approval, TGB was crashed on both sides of the exchanges but it was never halted for impending approval of a mine, nor did it trip circuit breakers. They should never allow such things to happen I would not be surprised if a bear raid goes on this week whether it be Ford or GM because both are on high voltage of the impending GM IPO and all the press GM is getting. I would not be surprised either if investors put in a stink bid on the just in case side on either stock hoping for one of these bear raids. Though highly suspicious if this happened they would probably halt trading because of the massive volume Ford generates. Shorts are bad enough high frequency trading is deadlier. SEC needs to put a lid on high frequency trading as it will again crash the market because nobody has control of it and would not be surprised either if it was done by insider trading or greed for profit. JMHO
FORD only did that with TATA as a stronger tie to market share to their Figo. GM has not much market shares in India, unlike China GM has a bit more than Ford but Ford is advancing on that. Ford has shown and proven what they can do as long as they stay on track with their goals they will advance in both technology and products. Do not be disappointed as to why they did what they did with India or China it will in turn provide jobs in America with the Obama tie with India. You will see it play out in the next coming months in earnings. Ford will be fine. You can gradually get more shares on dips of Ford when it does dip it doesn't have to be a shot at one time and average on Ford if you are wanting to hold it for long term as you won't be sorry you did. JMHO
US too busy trying to stand as the powerhouse and that in itself loses grounds to the emerging markets. PPL would best to listen to Zeitgeist .com I hope spelled that right because it explains exactly what is happening between political parties especially the US and what is to come. There is a shift of powers in the global nations that is already happening when IMF is handing power out to China, India and Brazil as second to the US. Investors should be more worried against Eurozone and US not the rhetoric of spouting China slowdown. India is still a little slack behind China however is upcoming fast on the heels of China. India will be the 3rd to surpass Japan if Japan doesn't get it's act together even now Japan knows that and are making changes to open trade to the stronger countries and not long after China will surpass US. Exchanges are already banning together Singapore and London, Peru/ Chile/ Columbia, Singapore/Australia combining exchanges to put more liquid investments into these exchanges to open doors to more foreign investments. Next up to bat you will see maybe not in our lifetime but a global currency. Market noise you hear is a pre-cursor to what is to become that is all. It is already been set up to move into one direction.JMHO
That is why Obama made ties with India recently. If he cannot provide jobs within America he brings jobs through the back door for America. The only reason why China has a huge surplus as they do is because of the yuan. What US lacks is the fact that in technically their US currency as you can see is global against all basket of currencies is priced in US greenback, oil, gold, silver etc etc. Only the yen is the sack on US greenback when the yen rises. it is a seesaw between Japan and America in currency. China does most of it's goods with US and Eurozone in which also the Eurozone making back door ties with China recently Portugal, Britain and Germany. Making ties with the stronger economy emerging mostly at this stage brings jobs to America by the way of goods, technology, semi-conductors, parts, machinery would be made in America but given back to say India and China in consumer goods such as oil, base metals, natural resources in exchange because it is what is needed the most in areas like China and India.
Example the auto industry will end up building plants in the emerging markets as well as America, however will be outsourced in America where they build the parts and then ship them out to the plants in the emerging markets. It is two way street. China example makes the goods however needs the parts to make the goods. China owns US debt but has been selling it as well as Japan's debt and plugs into the gold and silver as safer haven like currency because of the devaluing of countries currency to compete for these goods which in turn makes their economy stronger by growth putting more money into the hands of Chinese PPL. US jobless rates extends on the fact that their trading defict is too high and the fact of the over whelming stimulus that US tends to print money instead of dealing with the real issues of jobs, housing, and taxes that they do not tax on the goods. Sure they use tariffs and taxes on other goods brought in by imports from other countries but they themselves do not understand they must raise taxes to gain any ground in the US. Taxes support programs such as health care, housing, balancing of inflation, jobs, programs for training etc etc. US does everything backwards they plug more money into a system that is already broken and has been broken for a long time. What they did was give to banks who in turn was the root cause of the whole system. The bank were supposed to give back by providing liquidity for the system to work by providing business with capital and then in turn provides jobs in turn provides consumers with money to work with to spend it's vicious cycle. Instead the banks hoarded the money plugging back into the market to further their greed. US doesn't bother to force the issue on the banks instead they cover for them which in turn hurt the PPL and then the PPL get screwed again when the system again falls on stimulus.
If you look around at the other countries systems say Canada, Australia, China, India, Brazil etc etc comparison to the US. These countries tax the PPL to provide for the country US is based on capitalism. US forgets that zero inflation rates for long periods of time will hurt the PPL worst and no amount of stimulus will help and many companies founded in the US drive their profits within the emerging companies instead because the US currency declines. When countries do FREE TRADE will balance out a bit more because now it becomes each country can expand easier making jobs around each country viable. Meaning goods, services, imports, exports will gain ground and companies that deal in these countries will make more profit to create jobs to place back into America. It's a trickle down effect and if the global nations can at least manage the currency devaluation(which I highly doubt it) or become one global currency is more equal ground for all countries. There would not be a whacking of currencies which hurt more on the US greenback and the yen then any other currency.Obama has a long way to go he really does need to change how US system works and look around at other countries and learn from those countries that may help America instead of throwing everything but the kitchen sink at America otherwise US is doomed to repeat the same mistakes JMHO
Ford worth every penny. GM IPO just screwed themselves. Retail investors I am hoping are not dumb enough to go into the racks of this IPO when it will go down after wards unless they are looking for the quick pop and just go for that day that is about it. Hedge funds will make it difficult for sure and just drive the price up for the chase and then crash it any poor retail investor still holding will be screwed right after the IPO when GM split the common shares for trading on the NYSE and TSX. Ford will hold it's own on a pop probably the same day GM IPO released and build before the release. I am looking forward to this week to see what investors will do with the news of China, Eurozone, G20 after math and other of course data released weekly and up and coming BUSH TAXES whether they cut it or keep it. Most likely will keep because they don't really have a choice but either water down the BUSH TAX cuts on a compromise. This should be an interesting week. JMHO
http://247wallst.com/2010/11/12/the-good-the-bad-and-the-irrelevant-no-gm-shares-for-the-masses/
http://ca.news.finance.yahoo.com/s/14112010/6/finance-saic-gm-stake-china-approves-source.html
TATA Motors seek more engines from Ford
Sunday, 14 Nov 2010
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TATA Motors seeks more engines from Ford Motor Company for its Jaguar and Land Rover models to match production when it starts assembly operations in Asia for the two luxury brands.
The company is in the process of setting up two assembly plants, one each in China and India.
Ford Motor the Michigan based company has also been asked to brace up for additional volumes, which could spring up after the opening of the two units. Ford, the erstwhile owner of JLR before it was sold to TATA Motors in 2008 for USD 2.3 billion, is in an agreement with the Mumbai-based company to supply engines for JLR.
Mr C Ramakrishnan chief financial officer of TATA Motors said that “Currently, Ford is delivering more than what it had contracted for, but our need is even higher than that. We believe Ford has ramp-up plans to tackle the additional volumes.”
TATA Motors has multiple contracts with Ford for the engine supply and they have different time lines, which extends beyond 2013. The company is in the process of giving Ford the engine volume (estimate) for 2013.
Mr Ramakrishnan said they could look at alternate sources for getting engines. He said that “Our agreement with Ford doesn’t prevent us from doing that. We can look at the TATA Motors range of engines too.”
The new assembly plants in Asia will make JLR models, starting with the premium sports utility vehicles of Land Rover. The plants will assemble parts shipped from the United Kingdom.
(Sourced from www.rediff.com)
Provided by Steel Guru
:) You are welcome.
When Ford sold Volvo they did protect the technology it was part of the agreement in selling Volvo. There is always a compromise of technology when it comes to free trade that can be protected. RIMM another prime example of it.
Everything is on the taxpayers back it's what holds the country together. Free trade is good between countries it opens doors to other emerging markets where companies can profit. Auto industry and other companies would be down under if they did not expand into other markets like China, India, Eurozone etc etc. Ford trying to expand further in South Korea which their auto sales can go head to head with GM. Many companies if it wasn't for free trade they would be seeing red not be in the black. North American has been hit hard on the down turn and many companies quickly expanded into the emerging markets or expanded further if they already had presence in those emerging markets. Earnings this year was mostly coming from the emerging markets because companies know that is where the money is for awhile until the North American markets get their act together. FREE TRADE is the powerhouse with other countries. Many countries want to make ties with China for trade and if any country is smart they would make the ties with the largest countries such as India and China who need the most when it comes to resources and other needs. The countries that make ties with these countries have an easier time getting their home companies into that country to expand and profit. JMHO
He means if Ford makes a lot of profit and since 2011 looks like Ford will continue to make profits with debt being paid down by end of the year, they could spread it around to the shareholders in a dividend. There is a few ways Ford can use profits to give back to their shareholders. They can buy back shares making the PPS better and move a lot faster up instead of .01 garbage or they can pay in dividend annually or quarterly for every share you own and probably have some sort of DRIP program in which you can use your dividend to buy shares of Ford instead. Or like I said they can do neither and further the company and add value to the shareholder instead. JMHO
I rather they didn't and use it to further their technology and expansion. Though it would be nice to get divi it keeps shorts on a very short leash and would be less shorts in Ford. Probably Ford will either give divi or buy back shares if I had to choose I rather they do buyback instead. JMHO
YUPPERS it is :)
Large Insider Trade Reports for Bank of America, Ford, Freeport-McMoRan Copper & Gold, Dell, & SandRidge Energy; Issued
Thu Nov 11, 2010 9:30am EST
VANCOUVER, BC, Nov 11 (MARKET WIRE) --
How could company's C level executives and directors forget what they
heard on the most recent board or strategic meeting when they are on the
phone considering acquiring his own company's shares? Most likely,
important information are hidden in those insiders' transactions.
Today's highlighted research reports are Bank of America (BAC), Ford (F),
Freeport-McMoRan Copper & Gold (FCX), Dell (DELL), & SandRidge Energy
(SD).
(Read full report by clicking the links, you may need to copy and paste
the full link to your browser.)
Bank of America Corporation (BAC): Open-market Purchase made by company
Directors on Nov 9th, at trade price (US$12.45 - 12.60). Disclose date:
Nov 10th. Read Full Report:
http://www.insiderslab.com/MW/111110A/BAC/Bank-of-America (BAC)
Ford Motor Company (F): Market Option Sale made by company C-Level
Officers on Nov 10th, at trade price (US$16.68). Disclose date: Nov 10th.
Read Full Report: http://www.insiderslab.com/MW/111110A/F/Ford (F)
Freeport-McMoRan Copper & Gold Inc. (FCX): Market Option Sale made by
company Directors on Nov 9th, at trade price (US$107.53). Disclose date:
Nov 10th. Read Full Report:
http://www.insiderslab.com/MW/111110A/FCX/Freeport-McMoRan (FCX)
Dell Inc. (DELL): Open-market Purchase made by company Directors on Nov
10th, at trade price (US$14.32). Disclose date: Nov 10th. Read Full
Report: http://www.insiderslab.com/MW/111110A/DELL/Dell (DELL)
SandRidge Energy Inc. (SD): Open-market Purchase made by company 10%
Owners on Nov 9th, at trade price (US$5.15). Disclose date: Nov 10th.
Read Full Report: http://www.insiderslab.com/MW/111110A/SD/SandRidge (SD)
Interested parties can learn more about Insiderslab.com and subscribe to
FREE newsletters that track trades made by C-Level Officers or Directors
for all stocks on NASDAQ, SP500, DOWJ, and NYSE, by visiting
http://www.insiderslab.com.
Important Disclaimer:
All calculated numbers or statistics are based on
best effort. You hereby acknowledge that any reliance upon any Materials
in this press release shall be at your sole risk. Please read our report
and visit our Web sites, http://www.insiders.hk and
http://www.insiderslab.com, for complete risks and disclosures.
Insider Filing Source Reference:
U.S. Securities Exchange and Commission
CONTACT:
Insiders.hk, Insiderslab.com
info@insiderslab.com
Support@insiders.hk
Tel: +1.778.2976120
Copyright 2010, Market Wire, All rights reserved.
Short Sellers Move Into Financials, Out Of Tech
Posted: November 10, 2010 at 6:18 am
Read more: Short Sellers Move Into Financials, Out Of Tech - 24/7 Wall St. http://247wallst.com/2010/11/10/short-sellers-move-into-financials-out-of-tech/#ixzz150vDVP2j
Short sellers moved into the shares of large financial firms, perhaps sensing the effects of new regulation and an exit from proprietary trading businesses.
The short interest in Citigroup (NYSE: C) rose 4.8% to 423.8 million, the largest short position in any stock. Shares short in Wells Fargo (NYSE: WFC) rose 21% to 53.2 million. The short interest in Ambac, which recently went bankrupt rose 14% to 59.2 million. Share short in Bank of NY rose 27% to 21.1 million. Shares short in Synovus Financial were up 9% to 106.9 million. Shares short in KeyCorp rose 9% to 34.6 million
Short interest in tech shares fell almost universally. Shares sold short in Microsoft (NASDAQ: MSFT) fell 9% to 70.5 million. The short interest in Intel (NASDAQ: INTC) fell 8% to 53.3 million. Shares short in Dell (NASDAQ: DELL) were down 8% to 47.9 million. Shares short in Cisco (NASDAQ: CSCO) were off 6% to 49.6 million
The most shorted stocks on the NYSE were Citigroup, Ford (NYSE F), and Qwest (NYSE: Q). The most shorted stocks on the NASDAQ were Sirius XM Radio (NASDAQ: SIRI), Level 3 (NASDAQ: LVLT) and Mylan (NASDAQ: MYL)
Data from NYSE and NASDAQ
LOL Trueheart got excited and mixed the last two numbers by mistake. (JK) Trueheart.:)
NTERVIEW-UPDATE 2-Ford views US as growth market -chairman
8 minutes ago - Reuters
NTERVIEW-UPDATE 2-Ford views US as growth market -chairman
* Ford: 'plan we have put together is working'
* Investors underestimate Ford growth potential in US
* Analyst: stock may nearly double under right conditions (Adds comments by Bill Ford, details on market share, stock price)
By Bernie Woodall
PALM DESERT, Calif., Nov 10 (Reuters) - Ford Executive Chairman Bill Ford said investors are underestimating the automaker's growth potential in the United States and that it has laid a foundation for growth in China and India.
Ford said the automaker would stay focused on its own growth plans and would not change trajectory because of the General Motors [GM.UL] IPO expected this month. ReutersLink ID='ID:nN10163289' /
"When people think growth, they think of the Brazils, Indias, Chinas, Turkey, places like that -- which is all true, and we're participating a lot there," Ford told Reuters in an interview on Wednesday. "But we actually think the U.S. is a growth market for us."
Through October, Ford Motor Co (F) was a solid No. 2 in sales in its home U.S. market this year behind GM. Its U.S. market share of 16.7 percent in 2010 was up about 1.5 percentage points through October from the first 10 months of last year.
Speaking on the sidelines of the Ernst & Young Strategic Growth Forum near Palm Springs, California, Ford also said investors have underestimated the potential for the automaker's growth in its home market.
Ford's U.S. auto sales through October are up 21 percent from a year earlier, compared with a rise of 11 percent for the overall auto industry.
"The U.S. is a big growth market for us," said Ford, the great-grandson of the company's founder. "We're growing our market share. We think the (sales) volumes will continue to grow as an industry, and I don't think people focus on that."
Ford shares rose 3.5 percent to end at $16.63 on Wednesday after a Morgan Stanley analyst said the stock could nearly double to $30 under the right conditions.
Morgan Stanley analyst Adam Jonas said the stock could command a higher price target if Ford increased U.S. market share by 2 percentage points to 19 percent and U.S. industry sales recovered faster than the brokerage expects, among other factors.
Bill Ford said Jonas' note was "validation" the automaker was on the right track.
"It's an indication of how people are seeing us now and that the plan we've put together is working," Ford said.
The automaker also is in position to increase its sales in developing markets including the global top market China, and India, Ford said. (Reporting by Bernie Woodall, editing by Gerald E. McCormick and Matthew Lewis)
Article 2
GM posts $2 billion quarter profit, IPO next
2 hours ago - Reuters
GM posts $2 billion quarter profit, IPO next
By David Bailey
DETROIT (Reuters) - General Motors Co posted a $2 billion third-quarter profit on Wednesday, driven by an accelerating turnaround in North America as it rushes to complete an initial public offering of stock set for next week.
The quarterly profit was the largest for GM since it emerged from bankruptcy in July 2009 and provides the last piece of financial data for investors evaluating the automaker's $13 billion IPO.
GM said it expected to post solidly profitable results for 2010, its first full-year profit since 2004.
A large part of that profit reflects lower operating costs and reduced sales incentives in GM's U.S. operations, which had posted deep losses in the run-up to its 2009 bankruptcy funded by the Obama administration.
"It obviously will bode well for the IPO," said Van Conway, chief executive at turnaround specialists Conway MacKenzie. "It's more proof that they have executed the turnaround -- I don't say completely because I wouldn't say that just a couple of quarters make (a turnaround)."
GM reported increased cash earnings in North America for a third consecutive quarter, with its international results flat to up slightly and a bigger loss in Europe.
"We know we have much more work to do," Chief Executive Dan Akerson said in a conference call. "We still need to fix Europe. We continue to be vigilant in reducing cost in the enterprise, and we have just started doing a better job in marketing our brands to consumers."
The automaker's IPO will include common and preferred shares and will allow the U.S. Treasury to reduce its stake in GM from about 61 percent to near 43 percent.
SELLING GM
GM executives have started an investor road show to support the IPO plans. Akerson and Chief Financial Officer Chris Liddell did not take questions after a presentation on third-quarter results.
The pitch to investors, continuing this week, aims to sell a GM that has slashed costs in North America, has a plan to make Europe profitable and retains more exposure than any other automaker to the fast-growth, developing auto markets in Brazil, Russia, India and China.
"I think General Motors is just a lot better run company in part because they survived a horrific situation and they are more savvy about what they have to do now," Conway said.
Akerson replaced Ed Whitacre as CEO on September 1 and will add the role of chairman by year end. His participation in the GM earnings conference call marked a departure from practice under Whitacre, who had a reputation as a hands-off manager.
In North America, GM's earnings gain in the third quarter was driven mainly by a reduction in sales incentives and discounts to consumers on the back of better-selling new vehicles like the Chevrolet Equinox and GMC Terrain.
The automaker also reported an increase in truck production that supported the results since trucks like the Chevy Silverado carry higher prices and richer margins than smaller vehicles.
GM expects to build more cars in the fourth quarter with the introduction of the Chevrolet Cruze compact, a new car that represents the automaker's most serious effort to date to compete against the Honda Civic and Toyota Corolla on features and fuel economy.
GM's profit met the expected range it outlined last week when it released details of its plans for an IPO. The automaker reported earnings per share of $1.20 for the quarter.
GM posted revenue of $34.1 billion in the third quarter. GM emerged from its government-funded bankruptcy in July 2009, making year-ago comparisons less relevant.
GM's profit topped U.S. No. 2 rival Ford Motor Co's $1.7 billion third-quarter profit, and Chrysler's $84 million net loss for the quarter.
GM expects earnings before interest and tax to be significantly lower in the fourth quarter than it was through the first three quarters due to vehicle introduction costs and spending for future products, among other expenses.
The automaker expects to take a $700 million noncash charge in the fourth quarter in connection with a plan to acquire the U.S. Treasury's holdings of GM preferred shares.
The U.S. automaker reported losses totaling about $88 billion from 2005 to 2009, when it fell into bankruptcy, as losses mounted in its home market.
(Reporting by David Bailey and Kevin Krolicki; Editing by Dave Zimmerman, Phil Berlowitz)
Article 3
UPDATE 1-EU reports biggest ever gains in car fuel efficiency
3 hours ago - Reuters
UPDATE 1-EU reports biggest ever gains in car fuel efficiency
* Hedegaard reports 5.1 pct emissions cut year-on-year
* Industry convenes "Cars 21" group to plan strategy
* Hedegaard's team mulls new CO2 target for 2025
(Adds detail)
By Pete Harrison
BRUSSELS, Nov 10 (Reuters) - Car makers recorded the deepest ever cuts in emissions and biggest gains in fuel efficicency last year, European climate chief Connie Hedegaard said on Wednesday.
The EU, home to 500 million people, has set a target for cutting average emissions from new cars to 130 grams of CO2 per km by 2015.
Emissions from new cars averaged 145.7 grams in 2009, following a 5.1 percent cut from 2008 levels, EU data showed.
"The latest data shows ... that the car industry is on track to achieve the 2015 target and most likely several major manufacturers will be able to do so well in advance," said Hedegaard, the EU commissioner in charge of climate action.
Hedegaard delivered her message as car makers, including the chief executives of Fiat FIA.MI and Daimler DAIGn.DE, met in the EU's headquarters in Brussels to discuss their strategy for boosting future sales and meeting the EU's green energy targets.
High on the agenda of this auto industry working group, known as "Cars 21", is how to deal with an agreed longterm EU target of cutting CO2 emissions by a further third to 95 grams per km by 2020.
2025 TARGET
The industry argues the goal is too challenging, but Hedegaard's team was already looking one step further ahead on Wednesday.
"The Commission considers, based on a thorough impact assessment, to also propose a target for passenger car emissions to be reached by 2025," said the team's progress report on emissions.
"Among other options, the Commission will assess the feasibility of the target suggested by the European Parliament of reaching 70 grams per km by 2025," it said, referring back to a parliament report of 2007.
Emissions dropped last year due to a combination of the economic crisis, the scrappage schemes that some governments introduced to boost buying of new cars and a shift in buying patterns to favour greener vehicles, the Commission said.
The findings mirror a report last week by green transport campaign group T&E, which also found Japanese carmakers making the fastest progress in the quest to hit the EU targets.
T&E analysed official EU data to show Toyota Motor Co 7203.T had reduced the average carbon dioxide from its cars by 10 percent in 2009, more than five times the pace achieved last year by the previous leader, Germany's BMW BMWG.DE.
Suzuki Motor Corp 7269.T made the second biggest emissions cuts last year at 9.1 percent, followed by Mazda Motor Corp 7261.T with 5.4 percent.
Toyota's average CO2 emissions in 2009 were 132 grams per km, putting it alongside Peugeot Citroen PEUP.PA and Fiat SpA FIA.MI as one of the carmakers best-placed for complying with the EU's 2015 goal. (Reporting by Pete Harrison; Editing by Rex Merrifield, David Holmes and Jane Merriman)
Article 4
BREAKINGVIEWS-Investors shouldn't get too sweet on dolled-up GM
4 hours ago - Reuters
BREAKINGVIEWS-Investors shouldn't get too sweet on dolled-up GM
-- The author is a Reuters Breakingviews columnist. The opinions expressed are his own --
By Antony Currie
NEW YORK, Nov 10 (Reuters Breakingviews) - The impressive third-quarter showing from General Motors [GM.UL] shouldn't wow prospective investors too much. Sure, the automaker's $2 billion profit beat Ford's (F). It even eked out a slightly better pre-tax margin than its rival. But GM's last set of earnings before next week's initial public offering aren't as flattering as they look.
The company stuffed its dealers with 10 percent more inventory than it did at the end of June. There's nothing inherently wrong with that. Car sellers have kept fewer vehicles on lots over the past couple of years. Demand was lacking, as was financing. But in GM's case, many dealers also held stocks down in case the Motown manufacturer cut them loose in its restructuring. Rebuilding those levels now makes sense as the 2011 season approaches and sales pick up.
GM also sharply curtailed less profitable fleet business from 34 percent of sales to 26 percent, the low end of the range GM expects for the year. And it churned out more trucks than in recent periods. At 27 percent, full-size pick-ups accounted for a fifth more of U.S. production than in the second quarter. That's fine if buyers are there: margins are higher on these and SUVs. It helped GM rake in more cash in the United States in the three months to September even though vehicle sales actually fell almost 8 percent.
It all paints a pretty picture. But it's unlikely that notably less profitable compact cars will remain a paltry 1.2 percent of U.S. production, as they were in the third quarter -- some 80 percent lower than in the second quarter. When the trend reverts, margins will drop.
It's perfectly natural to get all dolled up ahead of a big event. Companies facing hostile takeovers often experience a sudden burst of revenue as they push out more product to showcase their value. Cadbury and Potash POT.TO(POT) are two recent examples. The myriad banks advising the U.S. Treasury and GM on the IPO know the drill all too well. JPMorgan (JPM), for one, made excellent use of it in the one quarter it managed to hit its 20 percent return on equity target back in 2000 by selling to Chase.
GM's third-quarter results might not be quite so contrived. And the company is certainly in healthier shape than it has been for years. But such make-up cannot be applied every quarter.
CONTEXT NEWS
-- General Motors reported third-quarter net income attributable to shareholders of $1.95 billion on revenue of $34.1 billion.
-- GM is currently marketing its initial public offering of up to $12 billion in stock. The deal is expected to launch on November 18th.
-- General Motors press release and supplement: http://link.reuters.com/cen74q http://link.reuters.com/fen74q
Article 5
Ford Credit to Participate in Bank of America Merrill Lynch Credit Conference
8 hours ago - PR Newswire
DEARBORN, Mich., Nov. 10, 2010 /PRNewswire-FirstCall/ -- On Wednesday, Nov. 17, K.R. Kent, Ford Motor Credit Company vice chairman and chief financial officer, will deliver a presentation at the Bank of America Merrill Lynch Credit Conference in New York. The presentation will begin at 7:50 a.m. EST and last for 30 minutes.
A listen-only audio webcast and supporting materials will be available at www.shareholder.ford.com.
Ford Motor Credit Company LLC is one of the world's largest automotive finance companies and has provided dealer and customer financing to support the sale of Ford Motor Company products since 1959. Ford Credit is an indirect, wholly owned subsidiary of Ford. For more information, visit www.fordcredit.com.
SOURCE Ford Motor Credit Company
Yes. GM IPO is being hyped right now. It's earnings came out today and if you actually look at it GM must meet or beat those earnings to stay in the black. Ford different story. I am waiting to see Ford wipe GM's IPO in shame the first day it comes out because GM is not going to beat Ford as analyst were comparing PPS on why GM PPS price where it is and why should it be placed at 26-29 a share when GM based on Ford's PPS. Now any investor would know by looking at the numbers Ford is the better buy. I have more Ford articles I'll just post separately.
http://newsfuzion.com/2010/11/10/analysis-of-ford-motor-company-nysef-stock/
http://chartpoppers.com/another-solid-day-ford-motor-company-nyse-f-2381
http://www.benzinga.com/market-update/10/11/599404/ford-continues-to-hit-new-multi-year-highs-f
That is true to buy a used car or keep your old car is actually cheaper to buy a brand new car. Ford just pretty much took a hit like all the stocks today. It was shame though with the massive reversal on the stock today really on the commodities back and US greenback. Would have been nice to see Ford at least close to 17 today but I can wait. JMHO
Ford was on 6 day winning streak in the trades. I expected to get hit because Ford always does that and then moves above after that it is only normal for any stock to get a little frothy and investors taking profits. Ford I don't worry about I just ignore the trades on Ford and just leave it where it is because I know I don't have to worry about Ford. It is a good time to pick up shares before Ford's next leg. PPL so freaked out on Eurozone which utterly funny because it is actually old news because the ECB/EU steps in to help so they worry for nothing they know they have to help to not upset the markets. As for the little stunt CME pulled today just knocked out manipulation on the silver, the shorts and the speculators so silver will go differently probably like gold movements and as for the gold the thinking of them using it as currency indicator might not happen for a bit or it might not happen at all, until they resolve the currency war debate. China will not back down and so far in the last week has been making ties with Portugal, France, and other countries and with more power in the IMF seat US cannot push them over even US making ties around the back corner with India isn't going to help them. US cannot point fingers anymore since the QE2 printing of money and they have no leg to stand on right now. The US greenback rise was pretty political and most likely will go back down again the basket of currencies. I doubt they will resolve much at Seoul they never do at these dumb meetings. Volatile markets for this week but I wouldn't be concerned for Ford. The emerging markets are powerhouses and as long Ford expands into those emerging markets most likely will have fantastic auto sales and profits. JMHO
GM couldn't be good it is still open for interest in my RBC any good IPO gets snaps up before any retail investors could place an interest...LOL GM wide open still for both their convertibles and common shares. I don't think retail investors are going to get suckered in to buying the IPO until it falls on it's butt in lower range a few months later. JMHO