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AR Index 441.37 -35.92 (-7.53%)
Stocks of individual interest
Toyota 75.79 -2.92
GM 1.66 -0.05
Ford 3.69 -0.57
Dow 7841.73 -216.08 (-2.68%)
About five weeks to go until the deadline for GM to come up with a plan for restructuring and investors are reacting to the uncertainty just as you might expect by staying away from GM stock.
Just looking at that chart of GM's share price over the last year lets you know that something has to change and change soon. I've said it before and I'll say it again...
It's always a good idea to have an alternate route in mind, just in case you run into some unexpected construction or traffic. You always want to be making progress towards your goal.
GM, which has received $13.4 billion in government loans, is working on parallel strategies: one that would restructure the automaker outside of bankruptcy court and another that would reorganize it inside...
We'll be making the return trip home from Richmond to State College, PA in a few hours and I'm looking forward to the wild ride as we tackle not one, but two loops.
That Griffon roller coaster at Busch Gardens has nothing on the defensive driving I'll be engaged in on the Capital and Baltimore Beltways.
Time for a Sunday drive!
Dear Dub,
With all due respect, I think you were pretty hard on TunerBoy last week. Instead of mocking him for the modifications and customizing he's done to his car, we should be celebrating his creativity don't you think? His car is his vehicle for self-expression and we all should be sensitive to that and appreciate that which we don't understand...
General Motors is studying whether to drop both the Pontiac and the GMC truck brands in an effort to improve its financial position and avoid looming bankruptcy, according to published reports and industry experts.
Desperate times at GM call for desperate measures.
Whether GM can avoid bankruptcy or not really seems to be an irrelevant question at this point...
I'm taking the Alternate Route on the road for the next couple of days as we head down to Richmond, VA for an AAU basketball tournament. That means a short excursion on the Capital Beltway around D.C. sometime around 6PM...
Chrylser is definitely in dire straights Fiat is putting on the pressure if what I found on MarketWatch this morning is any indication.
LONDON (MarketWatch) -- Italian carmaker Fiat will walk away from Chrysler unless the U.S. carmaker Canadian and American unions agree to significantly reduce labor costs by the end of the month, Fiat Chief Executive Sergio Marchionne told Canadian newspaper the Globe and Mail in a interview published on Wednesday...
AR Index 477.28 +29.19 (+6.52%)
Stocks of individual interest
Toyota 78.71 +5.04
GM 1.71 -0.56
Ford 4.26 +0.49
Dow 8057.81 +81.96 (+1.03%)
One year of tracking the AR Index and it might be useful to look at where we are and where we've been to try and figure out where we're going.
Things are looking up lately with big moves by Toyota and Ford more than counteracting the continued slide of GM. Toyota is up 23% over the last two weeks while Ford is up a fantastic 54% in the same period...
Sometimes you make the turn at the bottom of the hill, sometimes you don't. That's why those runaway truck ramps are nice to have ready in advance.
With the 60 day deadline for getting GM back on course coming closer every day, planning for less than the best outcome is a wise idea...
I was poking around conceptcarz.com this morning and ran across this 1949 Chevrolet GK Styleline Deluxe.
Production of the Chevrolet Styleline began in 1949. It was considered to be among the best-looking GM products produced...
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