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Archive | Industry Analysis 2009


Nuggets Found In BMW Numbers After Initial Depression

Cash Preservation Impresses Investors. BMW Cut Production Faster Than Sales Were Falling. BMW lost money in 2008’s fourth quarter, but investors turned surprisingly bullish about the German luxury car maker’s prospects after they’d put the numbers under the microscope. “The earnings looked disastrous at first glance,” said Commerzbank analyst Daniel Schwarz. Indeed they did. BMW […]

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Bob Lutz

Bob Lutz Bids Farewell At Geneva Show

Forster Chokes On Line Saying How Much He Learned From Lutz Robert Lutz, evergreen leader at General Motors, and doyen of the global auto industry for almost half a century, bade farewell to Europe at the Geneva Car Show. Replying to a tribute from General Motors Europe president Carl-Peter Forster, GM chairman Lutz said he […]

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GM Europe Says Failure Would Hit 300,000 Jobs

If General Motors Europe fails, it would cost up to 300,000 jobs across the continent, including workers at manufacturing plants, suppliers and dealers, GM Europe President Carl-Peter Forster said. Speaking at a press conference at the Geneva Car Show with GM Chief Operating Officer Frederick “Fritz” Henderson, Forster said the company has about 30 per […]

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Goodbye Commitment 2009 Says Renault

Prospects For 2009 Look Bleak And Red. For Those Willing To Look, There Are Positives. It has been obvious to investors for more than a year now, but Renault finally and officially ditched its ambitious targets, set by CEO Carlos Ghosn shortly after he took the job. Ghosn’s “Renault Commitment 2009” included the pledge to […]

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Peugeot Survival Looks Assured Thanks To Government Help

Cheap Loan Avoids Rights Issue Blow. Small Car Portfolio Ideal To Exploit Scrappage Plans. Peugeot-Citroen lost almost €350 million last year and is likely to lose more than €1 billion this year, but still has some supporters among investors. According to Nomura International, Peugeot-Citroen’s finances deteriorated faster than expected in 2008, and earnings and cash […]

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