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Mazda Not Seeking New Partner Despite Ford’s Reduction in Stake

by | Dec 6, 2010 | Towing

Mazda Motor is not seeking a new alliance with another auto manufacturer following Ford’s recent decision to reduce its stake in the Japanese automaker.
Continue reading Mazda Not Seeking New Partner Despite Fo…

Mazda Not Seeking New Partner Despite Ford’s Reduction in Stake

by | Dec 6, 2010 | Towing

Mazda Motor is not seeking a new alliance with another auto manufacturer following Ford’s recent decision to reduce its stake in the Japanese automaker.
Continue reading Mazda Not Seeking New Partner Despite Fo…

Inside Wall Street: Why GM Investors Could Be Cruising in the Fast Lane

by | Nov 29, 2010 | Towing

After its near-miraculous emergence so quickly from bankruptcy, the new GM will certainly make big bucks for investors if it fulfills its potential to beat sales forecasts and earnings expectations. And, no, it wouldn’t take an…

Ford’s Bond Conversion Plan Cuts Its Debt by $1.9 Billion

by | Nov 24, 2010 | Towing

Ford Motor announced Wednesday that it had reduced its debt by $1.9 billion after note-holders converted their debt into 274 million shares of common stock. The automaker’s annual interest expenses will be reduced by $180 mill…

General Motors IPO Nets $11.7 Billion for the U.S. Treasury

by | Nov 23, 2010 | Towing

The initial public offering of General Motors last week netted $11.7 billion for the U.S. Treasury, which invested taxpayer money into keeping the then-struggling automaker solvent during the financial crisis as part of its Tr…

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