Ahead of this weeks sales results short interest is rising in the American automobile industry. Both Ford and General motors have seen major restructuring recently.
Ford Motor Co (MCOL 25.41%) has recently announced the sale of Jaguar and Rover to Tata Motors. The sale of unprofitable Jaguar may be good in the long run but it appears that short interest in Ford is rising ahead of this weeks sales announcements. Could there be bad news in store?
General Motors (MCOL 26.16%) has had a wave of bad news recently. After reporting a net loss in 2007 General Motors has seen recent strikes effecting its productivity. To add to these problems could recent rises in oil prices hurt sales of GM's gas guzzling giants like the hummer?