April Auto Sales Should Help Quell Fears on 2nd Quarter Growth
The Fitch Ratings agency lifted Ford's credit rating from junk status to investment grade Tuesday, a sign that the company's recovery from near collapse is almost complete.
But Ford Motor Co. needs another agency, either Standard & Poor's or Moody's, to make the same upgrade before it can get its blue oval logo, factories and other assets out of hock.
Euro, Pound Drop As Obama Administration Signals Possibility of Bankruptcy for GM, Chrysler
Is the government trying to force the auto companies into bankruptcy?
It appears that the federal goverment is holding off assistance to the automakers in order to drive them into a prepackaged bankruptcy. Two of the big 3 auto companies need cash immediately or they could go belly up. If the government does not provide funding to GM and Chrysler by January 1st these two companies will probably have to declare bankruptcy.
Martin Denholm says wind power is taking off in the US. And big players such as T. Boone Pickens and Michael Blooomberg are throwing their weight behind the industry.
For investors who want to minimize risk in a relatively new industry, Martin recommends General Electric (NYSE:GE) and Siemens AG (NYSE:SI). These blue chips are making significant investments in wind energy projects.