AFSCME 3357-HOF'S BLOG

Lull in the Action

We are in a lull period regarding auto industry news. Even so, here are some quickees. Links when I have the time. GM is going to import cars from China. Ford is riding a "dead cat bounce", at least its stock is, so Ford did a quicky public stock offering to generate some cash. Chrysler's bankruptcy could take 2 years to complete. Delphi could face liquidation due to plummeting orders of its parts. Visteon is facing a "going concern" report from its accountants, despite a small quarterly profit. Nissan reported its first loss in a long time.