Market Currents

• Thursday, July 9, 2009

• 18:05 PM Former blue chip GM (GMGMQ.PK) showing its new, greener direction: It's considering changing its iconic logo from blue to green. It's possible they ran out of red ink. 3 Comments
• 16:32 PM Ford (F +5.2%) may do something it hasn't since the Great Depression: become America's top automaker. GM's (GMGMQ.PK) surviving brands made up 16.5% of the market in June, while Ford's share (excluding for-sale Volvo) was 17.2%. GM passed Ford for the lead in U.S. share in 1931. Comment!

• Monday, July 6, 2009

• 15:44 PM Barring a successful last-ditch appeal by creditors, GM's (GMGMQ.PK -13.3%) win of approval to sell its best assets to a government-owned company paves the way for a stunningly swift emergence from Chapter 11. Comment!

• Thursday, July 2, 2009

• 12:14 PM From GM's 8-K: "Management has noticed the continuing high trading volume in GM’s common stock at prices in excess of $1. GM management continues to remind investors of its strong belief that there will be no value for the common stockholders... even under the most optimistic of scenarios." More here. Shares in GMGMQ.PK -7.4% to $0.84. Comment!