| Romney Moves Ahead, Rails Against 'Social Welfare State' and Innovate or Be Overtaken, U.S. Energy Secretary Tells Automakers |
| News - Financial News |
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With a clearer path to the Republican nomination after a resounding New Hampshire victory, Mitt Romney, in a CNBC interview, took aim at President Obama and outlined the economic issues that would define their potential November matchup. The former Massachusetts governor said his administration would be more friendly to the middle class and would restore free-market capitalism in place of the "European social welfare state" in place now. "The right course for America is not to divide America, to create envy to justify his redistribution policies," Romney said of the Democratic incumbent. Instead, he wants to "say how can we make America more of an opportunity nation, how can we make America a better place for entrepreneurs and business worldwide to say, 'We want to come to America, we want to invest in America, we want to manufacture in America, we want to make products of all kinds in America. [Read the full article] By Andrs Cardenal - January 10, 2012 | Tickers: F, GM, HMC, TM | Comments Andrs is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited. Ford (NYSE: F) has made a remarkable comeback from its ashes since 2005. In that year the company's debt was rated as junk by rating agencies and the future looked grim for investors who had seen the stock price fall from $35 in 1999 to less than $9 per share in 2005. In that year the company started an ambitious reorganization plan called "The Way Forward" that would bring material improvements over the long term, but shareholders still had to endure more pain. The financial crisis took Ford shares bellow $1.5 in 2008 and 2009, as the possibly of insolvency and government intervention became a very plausible scenario. [Read the full article] Mexican production of cars and light trucks rose 180,163 units in December, a 5 percent increase from the same month a year earlier, the nation(TM)s Automobile Industry Association, known as AMIA, reported today. Exports of vehicles rose 16.1 percent last month to 171,319 units, the group said today in a statement distributed in Mexico City. Domestic sales rose 10.2 percent to 115,696 units last month compared with 104,941 units in December 2010, according to the statement. [Read the full article] 
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