Daimler closing Portland plant in 2010 (AP) and GM and Chrysler Shouldn't Get Hitched (at Motley Fool)

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City of Industry, CA --(www.USEquityNews.com)-- 10/15/2008 - Auto Manufacturers industry alert provided by U.S. Equity News. PORTLAND, Ore. [Read the full article]


With all-American car manufacturing giants General Motors (NYSE: GM) and Ford (NYSE: F) clinging to life, serious speculation has begun to circulate about whether either company will survive this economic mess. Could GM's recent acquisition target be the start of a new beginning of the ailing manufacturer? Chrysler is currently owned primarily by private equity firm Cerberus Capital Management. Cereberus also owns a majority interest in GMAC, General Motors' former financing unit, which has been clobbered by its ill-fated move into mortgage banking. [Read the full article]

NEW YORK (AP) -- Shares of some top autos companies are down at 10 a.m.:
Daimler AG (NYSE: DAI) fell $3.25 or 8.5 percent, to $34.85.
Ford Motor (NYSE: F) fell $.05 or 2.1 percent, to $2.40.
General Motors fell $.12 or 1.8 percent, to $6.42.
Honda Motors (NYSE: HMC) fell $1.80 or 7.5 percent, to $22.05.
Toyota Motor (NYSE: TM) fell $2.73 or 3.9 percent, to $68.02. [Read the full article]

Seeking Alpha's Housing Tracker is a collection of housing-related excerpts from various sources, grouped by topic. Feel free to post any interesting links on the subject in the comments section below. Retail Project, Storage Site Land $42M. [Read the full article]

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