by Ron Carleton | Nov 18, 2010
The Terrible Auto Market With the success of the GM IPO, we may be tempted to forget the terrible decade the U.S. auto industry has just completed. Car sales steadily declined from 2000 through 2007, then collapsed in 2008 and 2009 to a level not seen since 1951. ...
by Tim Delaney | Sep 13, 2010
Credit and equity often seem like different dimensions in the analytical universe, but they often intersect in compelling ways. Take General Motors (GM) and its plan to issue equity for example. There’s a case to be made for GM’s having a lot of equity value. To make...
by Ron Carleton | Jan 10, 2009
How did General Motor’s run through so much liquidity so fast? Static measures like cash and liquidity don’t really give us the full answer. We need a more dynamic view of what’s driving GM’s liquidity; something that focuses on uses and sources instead. Here’s a...
by Ron Carleton | Dec 31, 2008
After asking for $18 billion, General Motors is getting a $10 billion loan from the U.S. Government. They claim they’re running out of liquidity and they need the funds to survive through 2009. Are they right? Or is this just financial incompetence taking advantage of...
