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July 02, 2008
 

Autos Insider Newsletter

Your weekly insight into the world of autos

NEWS  THIS WEEK'S TOP STORY

A GM-Ford Marriage

Story > >



  MORE TOP STORIES
NEWS
Kerkorian May Fill Ford's Tank
The minority stakeholder is poised to help the ailing automaker raise billions for a restructuring

VIEWPOINT
High Oil Prices: It's All Speculation
The Administration says oil's runup is due to shortages, but the evidence points to manipulation

AUTOS
Made-in-Korea Chevys for GM
General Motors' 2002 purchase of bankrupt Daewoo is looking smart as the Korean unit spearheads a drive to roll out smaller cars


2008 Mercedes-Benz CL63 AMG
The $138,375 Mercedes-Benz CL63 AMG is an awesome combination of power and luxury

NEWS & FEATURES • From Sports Car Market
Fancy Lancia
The 1958 Lancia Aurelia B20GT was the perfect car to carry a gentleman and a companion to Paris, Rome or Nice in style and comfort

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  Inside: This Week in Autos
It was a dismal week for the stock market and especially grim for GM and Ford. Both companies saw their shares plunge in reaction to Goldman Sach's downgrade of The General. Goldman said that GM's shares will "continue to underperform as market fundamentals deteriorateshares to continue to underperform as market fundamentals deteriorate" and that the company will soon need to raise capital. Seen against this background, Detroit bureau chief David Welch reported on rumors of a merger between the two. While the rumors were quickly shot down, Welch points out that the idea is not without merit, writing that their combined "total cash hoard of nearly $50 billion could help them survive what most analysts expect to be a year or two of weak sales." Unlikely? Yes, but then again so would have been the notion as little as a decade ago that both automotive giants would be now struggling for their very existences.
Charles DuBow
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BLOGAUTO BEAT >>

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Chinese Volvos could be coming to a showroom near you. Ford Motor, it has been reported by Swedish newspaper Dagens, is in negotiations to sell its Volvo car division to a Chinese automaker believed to be Shanghai Automotive Industries. closequote

— David Kiley
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