Posts by Rick Newman

  • It’s been a rough year for GM — yet Ford is the one struggling

    Rick Newman at Yahoo Finance10 hrs ago

    Six months ago 2014 was looking like a washout for General Motors (GM). A safety defect involving faulty ignition switches was mushrooming into a huge recall affecting 2.6 million vehicles, now linked to at least 23 deaths. Instead of finally putting the 2009 bankruptcy filing and government bailout behind it, GM seemed likely to veer into fresh obstacles on a rutted road to recovery.

    Yet GM keeps ringing up impressive sales, defying predictions of yet another stall. Crosstown rival Ford (F), meanwhile, is shaping up as the surprise loser of 2014. GM sales in September surged by 19.4% over 2013 levels, with sales for the year up 4.3%. Ford’s September sales, by contrast, dropped by 2.7%, with year-to-date sales down 0.5%. GM's stock rose on a down day for the markets; Ford's stock fell.

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