Cliff Banks - The Banks Report

Activist Investors Target Automotive — Is that Good News?

February 15, 2015 — Activist investors suddenly have taken a keen interest in automotive-related companies. Is that good news for the targeted firms? It depends on who you ask. CDK Global, Autobytel, and now, General Motors, are the recent targets of activist investors. It’s a relatively new phenomenon in automotive retail. Automotive manufacturing suppliers have… Continue Reading

Cliff Banks - The Banks Report

Does Wilson Have Other Plans for GM?

February 12, 2014 — Right now, it’s a simple share buyback plan that would be-activist investor Harry Wilson is trying to foist upon General Motors. But does the former architect of President Obama’s automotive bailout plan have other plans in mind also? If so, it could be bad news for General Motors dealers. This week, Harry…

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GM vs. Tesla Heats Up

GM vs. Tesla Heats Up

January 11, 2015 — The auto show in Detroit hasn’t yet officially begun, but we already have what likely will be the event’s biggest story — the suddenly heated battle between General Motors and Tesla for dominance over the electric vehicle segment. Tomorrow morning’s unveiling of GM’s concept of its new electric vehicle, dubbed the Bolt —… Continue Reading

Cadillac’s Plan – New Home & New Vehicles; Fewer Stores?

Cadillac’s Plan – New Home & New Vehicles; Fewer Stores?

October 29, 2014 — Dealers in the market for a Cadillac franchise may want to tread carefully. A month ago we wrote about what we believe will be a painful forecast for many of Cadillac’s 924 dealers. The brand has a new home in New York and as many as 10 new products coming in…

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