Obbligazioni societarie GM, Ford, Chrysler: il 3D dell'automotive USA
- Creatore Discussione Imark
- Data di Inizio
albicocco
Forumer storico
Certamente le news che mi interessano ( ho GM 33) sono già state riportate ma non riesco piu' a trovarle nel forum e me ne scuso.
Il Congresso USA aveva posto tra le condizioni la rinegoziazione del debito: deve essere perfezionata prima o dopo la presentazione del piano di febbraio? E se prima , è già uscita la proposta di conversione ( tipo quella di GMAC)
Grazie
Il Congresso USA aveva posto tra le condizioni la rinegoziazione del debito: deve essere perfezionata prima o dopo la presentazione del piano di febbraio? E se prima , è già uscita la proposta di conversione ( tipo quella di GMAC)
Grazie
paologorgo
Chapter 11
al post n. 34 trovi parte delle condizioni a cui è stato concesso il prestito (questo è il link ). Non va dimenticato che parliamo di politica, e le regole si possono riscrivere...
Non è uscita nessuna proposta ufficiale di conversione dei bond GM, al momento, perchè le parti (rappresentanti dei bondholder e GM) dovrebbero essere adesso in trattativa (e ogni proposta dovrebbe prevedere la possibilità di accettare o di rifiutare per i titolari di obbligazioni). Troverai anche nei post del forum l'accenno al fatto che un fondo importante è uscito dal comitato. Mi pare che siamo in queste condizioni, più o meno, al momento...
ciao
paologorgo
Chapter 11
Ford Motor Co. (F) is expected to report Q4 earnings Thursday, January 29 before the market open, with a conference call scheduled for 9:00 am ET. Guidance
Analysts are looking for a loss of ($1.19) on revenue of $26.72B. The consensus range is ($1.63) to (57c) for EPS, and revenue of $23.21B to $28.32B, according to First Call. On January 5, Ford reported that December sales fell 32% to 134,114 vehicles.
Analyst Views
Positives for this quarter could include greater cost control measures. This quarter is going to be a difficult one for the company as weakening domestic and global demand hinder revenues. On January 21, Ford was upgraded to Hold from Sell at Deutsche Bank. Deutsche Bank upgraded shares on valuation and believes Ford has sufficient liquidity to withstand the downturn. Deutsche Bank maintains a $1.70 target on the stock.
http://seekingalpha.com/article/117077-earnings-preview-ford-motor-co
Analysts are looking for a loss of ($1.19) on revenue of $26.72B. The consensus range is ($1.63) to (57c) for EPS, and revenue of $23.21B to $28.32B, according to First Call. On January 5, Ford reported that December sales fell 32% to 134,114 vehicles.
Analyst Views
Positives for this quarter could include greater cost control measures. This quarter is going to be a difficult one for the company as weakening domestic and global demand hinder revenues. On January 21, Ford was upgraded to Hold from Sell at Deutsche Bank. Deutsche Bank upgraded shares on valuation and believes Ford has sufficient liquidity to withstand the downturn. Deutsche Bank maintains a $1.70 target on the stock.
http://seekingalpha.com/article/117077-earnings-preview-ford-motor-co
paologorgo
Chapter 11
DETROIT -- General Motors Corp. and Chrysler LLC moved to reduce costs as required by the terms of the federal bailout loans they were granted earlier this month to keep both auto makers from running out of cash.
GM on Wednesday said it has reached an agreement with the United Auto Workers union to end the so-called jobs bank program, in which laid-off workers continued to get most of their pay.
Separately, Chrysler issued a letter to at least some of its suppliers saying "all production suppliers" will have to cut their prices by April 1. The letter doesn't specify the size of the cuts Chrysler is seeking.
Ending the jobs bank and winning concessions from constituents -- such as suppliers, the UAW and dealers -- are among the requirements the auto makers must fulfill to remain in compliance with the terms of the loans they have received. So far, GM has received $9.4 billion and is in line to get an additionall $4 billion next month. Chrysller has received $4 billion and hopes to borrow $3 billion more by the end of March.
Both companies are also required to negotiate with their banks and bondholders to reduce their debt, and must limit executive pay. They must present restructuring plans by Feb. 17 that show they can become "viable."
On Wednesday, the Treasury released loan contracts showing that the two companies also must provide the government with detailed monthly financial reports through 2010 and submit annual reports from 2010 through 2014.
Ending the jobs bank means 1,600 GM workers will be classified as laid off and must apply for state and federal unemployment benefits. Workers will receive some GM-subsidized payments along with their unemployment benefits, which means they will continue to earn about 72% of their pay.
The move will allow cash-strapped GM to use state unemployment benefits to help cover some of the costs of paying the workers. Chrysler ended its jobs bank program Monday, forcing about 1,000 workers to seek unemployment compensation.
The UAW had previously agreed to suspend the jobs bank in a bid to help GM and Chrysler win government aid.
Chrysler informed suppliers of the price cuts in a letter Monday from its head of purchasing. The letter also said Chrysler is freezing what the company will pay for raw materials, even if costs rise.
The existence of the letter was earlier reported by Automotive News.
Some suppliers said they hadn't received the letter. A supplier senior executive familiar with the letter said the price cuts will hurt many parts makers that are already ailing. Automotive suppliers are seeking $10 billion from Washington themselves to help them weather the tough times.
"It's obviously a financial hardship at the worst possible time," the executive said. "We are operating in a very, very challenging environment already. We're not making money, and essentially what they're asking is for us to take greater losses," this person said.
Write to Jeff Bennett at [email protected] and Alex P. Kellogg at [email protected]
http://online.wsj.com/article/SB123319034566926941.html?mod=yahoo_hs&ru=yahoo
GM on Wednesday said it has reached an agreement with the United Auto Workers union to end the so-called jobs bank program, in which laid-off workers continued to get most of their pay.
Separately, Chrysler issued a letter to at least some of its suppliers saying "all production suppliers" will have to cut their prices by April 1. The letter doesn't specify the size of the cuts Chrysler is seeking.
Ending the jobs bank and winning concessions from constituents -- such as suppliers, the UAW and dealers -- are among the requirements the auto makers must fulfill to remain in compliance with the terms of the loans they have received. So far, GM has received $9.4 billion and is in line to get an additionall $4 billion next month. Chrysller has received $4 billion and hopes to borrow $3 billion more by the end of March.
Both companies are also required to negotiate with their banks and bondholders to reduce their debt, and must limit executive pay. They must present restructuring plans by Feb. 17 that show they can become "viable."
On Wednesday, the Treasury released loan contracts showing that the two companies also must provide the government with detailed monthly financial reports through 2010 and submit annual reports from 2010 through 2014.
Ending the jobs bank means 1,600 GM workers will be classified as laid off and must apply for state and federal unemployment benefits. Workers will receive some GM-subsidized payments along with their unemployment benefits, which means they will continue to earn about 72% of their pay.
The move will allow cash-strapped GM to use state unemployment benefits to help cover some of the costs of paying the workers. Chrysler ended its jobs bank program Monday, forcing about 1,000 workers to seek unemployment compensation.
The UAW had previously agreed to suspend the jobs bank in a bid to help GM and Chrysler win government aid.
Chrysler informed suppliers of the price cuts in a letter Monday from its head of purchasing. The letter also said Chrysler is freezing what the company will pay for raw materials, even if costs rise.
The existence of the letter was earlier reported by Automotive News.
Some suppliers said they hadn't received the letter. A supplier senior executive familiar with the letter said the price cuts will hurt many parts makers that are already ailing. Automotive suppliers are seeking $10 billion from Washington themselves to help them weather the tough times.
"It's obviously a financial hardship at the worst possible time," the executive said. "We are operating in a very, very challenging environment already. We're not making money, and essentially what they're asking is for us to take greater losses," this person said.
Write to Jeff Bennett at [email protected] and Alex P. Kellogg at [email protected]
http://online.wsj.com/article/SB123319034566926941.html?mod=yahoo_hs&ru=yahoo
Imark
Forumer storico
Nei giorni scorsi è arrivata la (consueta) raffica di downgrades da parte delle agenzie per i suppliers di componentistica auto USA ... a parte rare mosche bianche (tipo Johnson Controls e qualche altro) i rating di fascia CCC si sprecano... è tutto un comparto con un piede in bilico nel precipizio...
sparviero7000
Forumer storico
paologorgo
Chapter 11
e l'altro su una buccia di banana
speriamo bene ....
tranquilli, c'è la speranza del salvataggio statale...
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Geller
Banned
Per favore, qualcuno mi faccia capire anche a grandi linee di cosa si tratta in questo thread 
Mi pare di capire che si discute di obbligazioni ad elevato rischio emesse da Società USA che producono autoveicoli
Anche se si tratta di investimenti rischiosissimi mi vorrei informare meglio per maturare le mie conoscenze in materia. Chiedo lumi agli amici più esperti del Forum riguardo a questi "frutti proibiti" appesi sull' "Albero della conoscenza del Bene e del Male ..."
Mi pare di capire che si discute di obbligazioni ad elevato rischio emesse da Società USA che producono autoveicoli
Anche se si tratta di investimenti rischiosissimi mi vorrei informare meglio per maturare le mie conoscenze in materia. Chiedo lumi agli amici più esperti del Forum riguardo a questi "frutti proibiti" appesi sull' "Albero della conoscenza del Bene e del Male ..."
Imark
Forumer storico
Per favore, qualcuno mi faccia capire anche a grandi linee di cosa si tratta in questo thread
Mi pare di capire che discutete di obbligazioni ad elevato rischio di Società USA che producono autoveicoli
Anche se si tratta di investimenti rischiosissimi mi vorrei informare meglio per maturare le mie conoscenze in materia. Chiedo lumi agli amici più esperti del Forum riguardo a questi "frutti proibiti" appesi sull' "Albero della conoscenza del Bene e del Male ..."
L'esperto di frutti proibiti è Paolo ...
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