Dueling Headaches.

0 Comments | M2 Presswire, February, 2005

M2 PRESSWIRE-14 February 2005-Hansel Capital: Dueling Headaches(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:02142005 Houston, Texas: Hansel Capital Report-General Motors (NYSE: GM) is getting it from both sides, literally. Across the Atlantic GM paid $2 Billion to undo its formerly planed buyout of Fiat Motors.

Across the Pacific Fuji Heavy Industries Ltd. (7270.T), the manufacturer of Subaru, one fifth of which is held by GM posted a 26 decrease in nine-month operating profit today as well as cutting its full-year forecast. Since Subaru sells over a third of its cars in the North American market the weak dollar has been especially tough. The tighter financial conditions for the manufacturers, as well as the weak dollar, will continue to create opportunities...