AD #1221 – Buy Buy GM, Chrysler’s Shrewd Stock Move, Cherokee Delayed… Again

published 7 years ago by John McElroy

General Motors is back to investment grade status for the first time since 2005. Sergio Marchionne makes a calculated move in taking Chrysler public once again. Production of Jeep’s new Cherokee stalls out due to reported quality problems. All that and more, plus John McElroy explains why the auto industry is getting its butt kicked by the oil industry.

Although lying daily is brought to you by Bridgestone your journey our passion. And by Dow automotive systems improving durability and increasing design flexibility with beta make structural and he serves at tao beta This is out allowing daily your window into what's happening in the global automotive industry and there's a lot of good financial developments at General Motors today first moody's boosted GM to investment grade status which the company lost back in. Thousands. As it went through its been. It'll melt. On the way to back. With that investment rating. GM is going to sell corporate bonds. Then take the proceeds and buyback preferred shares from the UAW V. but trust. Those preferred shares pay a 9 percent return. Merrill Lynch estimates GM will save 240 ...

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