General Motors Corp. (GM) and Chrysler LLC presented their highly anticipated restructuring plans yesterday (Wednesday), but said they would need as much as $22 billion in additional federal aid to keep their turnaround efforts from stalling.
President Obama’s new ruling that allows states to set higher emission standards than Washington could give false hope to investors looking to cash in on investments in hybrid and electric vehicles. New data points to a prolonged adoption of battery-powered, next-generation transportation as the recession and low gas prices continue to conspire against the feel-good alternatives.
Natural gas could have a bright future as a clean and cheap alternative to fossil fuels in the auto industry, says David Fessler. Government efforts to promote the use of autos powered on natural gas could see gas production soar in the coming years. David says investors can play this ‘gas game’ with these six major producers and distributors.
Investors beware of the electric car, because, as a New York Times article reveals, even the Big 3 in Detroit are wary. Alternative energy in all forms could be the biggest potential bubble for investors. But green automobiles can be particularly hazardous to your portfolio because of the visceral reaction to volatile gas prices.
James Dale Davidson provides some essential tips for your investment strategy during this credit crisis. The government had admitted that we face trillion-dollar deficits for years to come. And who knows how much bigger the budget hole could grow with companies like GM lapping up Uncle Sam’s bailouts. But there are always way to protect your wealth… and even make a profit.
The manic-depressive trading activity continues to cause nauseating headaches for the investors brave enough to own shares of the nation’s automakers. On Friday they celebrated victory in Washington. Today, it looks like the smiles will be short-lived.
Dollar weakens to two-month low versus euro… Oil climbs nearly 7 percent; OPEC supply cut expected
We may be in the middle of a pre-Christmas rally, but Andrew Gordon says next year’s economic outlook is dire. Job losses are soaring and consumer spending is drying up. And the great unwinding of the credit cycle is not done yet. Andrew says the Dow is due another swoon, perhaps all the way down to 6,000.
Equities surged around the world on Monday with investors taking heart from a likely rescue plan for U.S. automakers, a proposed U.S. jobs plan and more government stimulus measures to reverse economic decline.
Stop blaming the unions for Detroit’s shortcomings, says Lynn Carpenter. Of course, jobs have to be cut in a recession. But this is not the silver bullet for businesses. And every job lost is a consumer lost, which is a big deal in a consumer economy. Lynn says we have no hope of an economic recovery until spiraling unemployment is brought under control.