Imark
Forumer storico
Si devono incontrare domani ...
Obbligazioni societarie GM, Ford, Chrysler: il 3D dell'automotive USA
- Creatore Discussione Imark
- Data di Inizio
Si devono incontrare domani ...
Researcher
Stop Loss? No, Thanks!!!
Ford ha ripreso le quotazioni di 1 mese fa......accordo con UAW....chissà se sarà proprio lei, come ha scritto un articolo postato da Paolo, la "vincente" delle tre moribonde?
Ai posteri l'ardua sentenza!!!
Ai posteri l'ardua sentenza!!!
paologorgo
Chapter 11
Ford ha ripreso le quotazioni di 1 mese fa......accordo con UAW....chissà se sarà proprio lei, come ha scritto un articolo postato da Paolo, la "vincente" delle tre moribonde?
Ai posteri l'ardua sentenza!!!
chissà... però è interessante e quasi buffo mettere di fianco quello che stanno facendo le due aziende quotate, Ford e GM...
Ford Executives to Take Salary Cut
Leaders at Ford Motor Co. will take a sizeable cut to their compensation this year, a move announced one day after the auto maker exacted new concessions from its hourly workers.
In a memo from Ford Executive Chairman William Ford Jr. and Chief Executive Alan Mulally, the top leaders of the company said they agreed to accept a 30% reduction in their salaries over the next two years. Ford's board of directors will also forgo the cash portion of its members' compensation this year, according to the memo sent to all Ford employees Tuesday afternoon. Performance bonuses for salaried employees and senior executives for 2009 will be eliminated.
This comes on top of the previously announced elimination of performance bonuses for 2008, and merit pay increases for North American salaried employees in 2009.
The announcement Tuesday afternoon arrived a day after the Dearborn, Mich. auto maker received added flexibility in how it funds a union-run health-care trust fund for retirees. Ford, which faces nearly $10 billion in health costs for retired union workers, now may make up to half its contributions in Ford stock rather than in cash. Its rivals at General Motors Corp. and Chrysler LLC are still negotiating over the issue required by the conditions of their $17.4 billion loan agreements with the government.
"We know these are challenging times and we all are affected by the tough actions we are taking," Messrs. Ford and Mulally said in the memo. "However, these are necessary actions to help us emerge as an even stronger, profitably growing Ford Motor Company for the benefit of us all."
They added that they are not wavering from their strategy to go without the kind of government assistance received by GM and Chrysler. "Importantly, we remain firm in our resolve to operate without needing to access a bridge loan from the U.S. government," Messrs. Ford and Mulally wrote.
http://online.wsj.com/article/SB123551671771263901.html?mod=yahoo_hs&ru=yahoo
---
GM, Chrysler Finds More Corners to Cut to Save Money
As evidence that there are still more pennies to pinch at General Motors Corp., the auto maker has decided to discontinue issuing its monthly sales release and an accompanying data sheet on PR Newswire, a press-release distribution service owned by United Business Media.
It is unclear how much money this will save, but is just the latest in a series of seemingly small corners GM is creatively cutting to conserve cash.
At this point, the auto maker will likely use PR Newswire to distribute broader news releases. The monthly sales numbers, due March 3, will appeal to a rather niche slice of the business media and that information will still be available on the company’s media web site, as it has been for several years.
“Not putting the monthly sales release and chart out on PR Newswire is just one more way to reduce costs,” GM spokesman John McDonald said in an email. “Since we can meet disclosure requirements by posting online …we feel we’re over-killing a bit in today’s environment by continuing to post on PR Newswire.”
Scoot Mozarsky, an executive heading strategy for PR Newswire, said that even though more companies are moving to put more information on their Web sites, GM’s move to cut the PR Newswire out of the news distribution service is “rare.”
“In the grand scheme of things, it’s not a big savings — but it all adds up,” Mr. McDonald said. “How much we save is in the thousands of dollars a year…
I know that every single cost is being rigorously examined and needs to be justified before we spend anything.”The press release move is reminiscent of past GM cost-cutting moves. Among the most memorable: a move to take clocks off the walls at the Milford, Mich., proving grounds to save on battery replacement costs, and the money spent paying someone to change the time by an hour in the fall and spring.
http://blogs.wsj.com/autoshow/2009/...re-corners-to-cut-to-save-money/?mod=yahoo_hs
frankiemachine
Mr. Tentenna
Ford ha ripreso le quotazioni di 1 mese fa......accordo con UAW....chissà se sarà proprio lei, come ha scritto un articolo postato da Paolo, la "vincente" delle tre moribonde?
Ai posteri l'ardua sentenza!!!
Tu ce la vedi Ford salva e le altre 2 chiuse?
frankiemachine
Mr. Tentenna
Vostre opinioni/interpretazioni del discorso di Obama?
reef
...
Per chi si vuol divertire con le quotazioni in tempo reale dei 4 bond GM sul TLX, con ratei, esborsi, rendimenti, ecc.
http://spreadsheets.google.com/pub?k...81VtqGkTn3qSJw
PS Quotazioni in tempo reale da YAHOO
http://spreadsheets.google.com/pub?k...81VtqGkTn3qSJw
PS Quotazioni in tempo reale da YAHOO
Researcher
Stop Loss? No, Thanks!!!
No, ma posso vedere Ford salva e ristrutturata da sola e GM e Chrysler che incassano i fondi dello stato, tagliano il debito ecc. ecc.
C'è una bella differenza.....
Qua si discute su come si salveranno....e, se permetti, una differenza tra Ford e le altre due la vedo abbastanza
negusneg
New Member
Wednesday, February 25, 2009
GM gets closer on deal for investors
Bondholders signal they're willing to accept less cash for forgiving unsecured notes.
Robert Snell and Bryce G. Hoffman / The Detroit News
Negotiations between General Motors Corp. and its bondholders are progressing, with major investors signaling that they are now willing to accept less money than originally sought in exchange for forgiving billions in unsecured notes -- but only if the federal government guarantees the new debt.
Bondholders had pushed for about 50 cents on the dollar. Now, sources familiar with the situation say they are prepared to accept 40 cents on the dollar, or even 30 cents. But government backing would have to be approved by Congress, which grilled executives from Detroit's Big Three during contentious hearings late last year.
A deal is necessary for the troubled automaker to comply with a $13.4 billion federal loan package and avoid bankruptcy.
http://media.fastclick.net/w/click.here?cid=135176&mid=258093&sid=46608&m=3&c=0
GM is required to cut its $27 billion in unsecured public debt by two-thirds under terms of the loan package it received in December. The struggling automaker has been trying to convince bondholders to trade in their existing bonds at about 30 cents on the dollar.
U.S. Treasury Department officials have signaled a willingness to consider federal guarantees to keep GM out of bankruptcy court, but they can only make proposals.
It is up to Congress to vote on them, and many members are likely to oppose any plan that has the American taxpayer guaranteeing GM's bonds.
But some on Wall Street are at least cautiously optimistic that a deal can be reached. However, they say there must be a cash component, too, to make sure all of the bondholders exchange their bonds.
"We continue to believe the government will support GM outside of a bankruptcy," JPMorgan analyst Eric Selle wrote Tuesday. "We believe the government could fund a bond exchange where 10 cents of the value is in cash and 30 cents of the value is in a guarantee of the new notes. In this scenario, the bondholders get closer to parity with the treatment of (hourly retiree health care obligations) and the 'free-rider' issue is reduced."
The new deal being discussed by GM and advisers representing the automaker's largest institutional bondholders revolves around the government funding a deal worth as much as 40 cents on the dollar. The deal would give bondholders 10 cents on the dollar in cash and the government could guarantee new notes worth 20 or 30 cents, according to two sources familiar with talks.
Two weeks ago, bondholders were pushing for a deal worth 50 cents on the dollar, which at the time would have mirrored the value of UAW concessions.
The union, GM and Chrysler LLC, which also has received federal loans, are negotiating to change funding terms for a trust the union will manage beginning next year to pay for retiree health care.
The union already has agreed to let GM freeze lump-sum bonuses and cost-of-living increases for the next two years, reduce skilled-trades positions and eventually pay less to laid-off workers, according to sources familiar with the situation.
Talks are continuing ahead of a March 31 deadline by which GM must make progress toward trimming its unsecured debt and reaching concessions with the UAW.
GM and Chrysler have received $17.4 billion in loans so far and last week increased their combined request to $39 billion. GM said it needs $2 billion next month or it could run out of cash.
In its restructuring plan submitted to the U.S. Treasury Department last week, GM addressed the possibility of reorganizing under bankruptcy -- an option that some analysts and lawmakers have recommended.
GM rejected that route, saying it would need up to $100 billion from the government to operate under a Chapter 11 bankruptcy filing.
You can reach Robert Snell at (313) 222-2028 or [email protected].
GM gets closer on deal for investors
Bondholders signal they're willing to accept less cash for forgiving unsecured notes.
Robert Snell and Bryce G. Hoffman / The Detroit News
Negotiations between General Motors Corp. and its bondholders are progressing, with major investors signaling that they are now willing to accept less money than originally sought in exchange for forgiving billions in unsecured notes -- but only if the federal government guarantees the new debt.
Bondholders had pushed for about 50 cents on the dollar. Now, sources familiar with the situation say they are prepared to accept 40 cents on the dollar, or even 30 cents. But government backing would have to be approved by Congress, which grilled executives from Detroit's Big Three during contentious hearings late last year.
A deal is necessary for the troubled automaker to comply with a $13.4 billion federal loan package and avoid bankruptcy.
http://media.fastclick.net/w/click.here?cid=135176&mid=258093&sid=46608&m=3&c=0
GM is required to cut its $27 billion in unsecured public debt by two-thirds under terms of the loan package it received in December. The struggling automaker has been trying to convince bondholders to trade in their existing bonds at about 30 cents on the dollar.
U.S. Treasury Department officials have signaled a willingness to consider federal guarantees to keep GM out of bankruptcy court, but they can only make proposals.
It is up to Congress to vote on them, and many members are likely to oppose any plan that has the American taxpayer guaranteeing GM's bonds.
But some on Wall Street are at least cautiously optimistic that a deal can be reached. However, they say there must be a cash component, too, to make sure all of the bondholders exchange their bonds.
"We continue to believe the government will support GM outside of a bankruptcy," JPMorgan analyst Eric Selle wrote Tuesday. "We believe the government could fund a bond exchange where 10 cents of the value is in cash and 30 cents of the value is in a guarantee of the new notes. In this scenario, the bondholders get closer to parity with the treatment of (hourly retiree health care obligations) and the 'free-rider' issue is reduced."
The new deal being discussed by GM and advisers representing the automaker's largest institutional bondholders revolves around the government funding a deal worth as much as 40 cents on the dollar. The deal would give bondholders 10 cents on the dollar in cash and the government could guarantee new notes worth 20 or 30 cents, according to two sources familiar with talks.
Two weeks ago, bondholders were pushing for a deal worth 50 cents on the dollar, which at the time would have mirrored the value of UAW concessions.
The union, GM and Chrysler LLC, which also has received federal loans, are negotiating to change funding terms for a trust the union will manage beginning next year to pay for retiree health care.
The union already has agreed to let GM freeze lump-sum bonuses and cost-of-living increases for the next two years, reduce skilled-trades positions and eventually pay less to laid-off workers, according to sources familiar with the situation.
Talks are continuing ahead of a March 31 deadline by which GM must make progress toward trimming its unsecured debt and reaching concessions with the UAW.
GM and Chrysler have received $17.4 billion in loans so far and last week increased their combined request to $39 billion. GM said it needs $2 billion next month or it could run out of cash.
In its restructuring plan submitted to the U.S. Treasury Department last week, GM addressed the possibility of reorganizing under bankruptcy -- an option that some analysts and lawmakers have recommended.
GM rejected that route, saying it would need up to $100 billion from the government to operate under a Chapter 11 bankruptcy filing.
You can reach Robert Snell at (313) 222-2028 or [email protected].
frankiemachine
Mr. Tentenna
No, ma posso vedere Ford salva e ristrutturata da sola e GM e Chrysler che incassano i fondi dello stato, tagliano il debito ecc. ecc.
C'è una bella differenza.....
Qua si discute su come si salveranno....e, se permetti, una differenza tra Ford e le altre due la vedo abbastanza
sono d'accordo ma per ''vincente delle tre moribonde'' io intendo ''l'unica che si salva''....
se poi si salvano tutte e tre a me il 'come' francamente non interessa (a patto che mi paghino la cedola ovvio
) e tantomeno ai consumatori
Similar threads
