| Lear Exits Bankruptcy Protection Wall Street Strategies submits:In a time when government bailouts have become commonplace, an act of true capitalism has found its way back. There is no question that the auto industry was completely decimated by the economic crisis. Seeing as the industry is pivotal to the U.S. economy, the auto makers got government handouts in the form of direct cash infusions (some for equity) while others saw government incentive spending which boosted sales. Following the food chain for the auto industry, one could argue that the cash for clunkers program helped auto parts suppliers too, but it was the industry’s only form of “bailout.” The Auto Task Force and President Obama denied the auto parts suppliers industry its own bailout, however, the government did lend a helping hand guaranteeing many of the owed payments from the auto makers. So without direct government aid, many auto parts suppliers were forced into bankruptcy, and if history has showed us anything, it would be a long arduous trip back out of bankruptcy for these companies. More recent examples are the problems with Dana Corporation (DAN) and Delphi, which are still struggling to emerge from bankruptcy. Complete Story » seekingalpha.com |
It's Been a Good Year for Ford Hickey and Walters (Bespoke) submit: While Ford (F) was typically considered among the most dysfunctional automakers less than three years ago, look who's laughing now. As major players like GM and Toyota (TM) can't get out of their own way, both operationally and in terms of their stock prices, their losses have been Ford's gain.Click to enlargeComplete Story » seekingalpha.com |
Dollar Thrifty Automotive Group, Inc. Q1 2010 Earnings Call Transcript Dollar Thrifty Automotive Group Inc. (DTG)Q1 2010 Earnings CallApril 28, 2010 9:00 am ETComplete Story » seekingalpha.com |
Baltic Dry Index Submerges What happens when consumer demand drops off a cliff as it has over the last quarter? Shipments of goods and raw materials will likely follow. How are those shipments measured? Let’s check in on trends and developments within the Baltic Dry Index. The Financial Times highlights the fact that the BDI is submerging precipitously and writes today:Complete Story » seekingalpha.com |
US Airways Group, Inc. CEO Discusses Q3 2010 Results - Earnings Call Transcript US Airways Group, Inc. (LCC)Q3 2010 Earnings Conference CallOctober 20, 2010 1 PM ETComplete Story » seekingalpha.com |