Ford: Popular Fiesta Hatchback Coming to the U.S.
TheCarConnection.com submits: Ford (F) has finally confirmed that its European-styled Fiesta hatchback is set to make its U.S. debut at the 2009 Los Angeles Auto Show in December. Since Ford started promoting the car through its Fiesta Movement back in March, more than 50,000 people have expressed interest--97% of whom currently do not drive a Ford.U.S.-spec cars are expected to feature a 1.6-liter four-cylinder gasoline engine with twin independent variable valve timing. This should ensure enough pep for the American palate, while likely planting the Fiesta among the most efficient non-hybrids on offer.Complete Story » seekingalpha.com |
Top 10 Electric Car Makers in 2010-11
John Addison submits:(Original post at Clean Fleet Report)By 2011's year end, competition will be intense for electric car leadership. The Clean Fleet Report Top 10 Electric Car Makers describes our best guess about the market share leaders for delivered plug-in vehicles on the United States roads in 2011, although not necessarily in order of 2011 installed market share.Complete Story » seekingalpha.com |
Daimler Reports Loss of Nearly $4 Billion
Zacks.com submits: Daimler AG (DAI) lost €2.6 billion ($3.7 billion) or €2.63 ($3.67) per share in 2009, in sharp contrast to a profit of €1.4 billion ($2 billion) or €1.41 ($1.97) per share in the previous year. The loss was attributable to a 24% decline in unit sales to 1.6 million vehicles due to the global economic crisis (conference call transcript here). Revenue dipped 20% to €78.9 billion ($110 billion); adjusted for exchange-rate effects, the decrease was 21%. EBIT (earnings before interest and taxes) in the year was minus €1.5 billion ($2.1 billion) compared to plus €2.7 billion ($3.8 billion) in 2008. Daimler expects to post an EBIT of more than €2.3 billion ($3.2 billion) for 2010.Complete Story » seekingalpha.com |
Bear vs. Bull Market Case: What's Next?
Elliot Turner submits: As uncertainty reigns supreme amidst these volatile/choppy markets of today, investors and traders alike are trying to assess whether we are on the brink of a "double-dip recession" or merely just experiencing a blip--or correction--in the recovery from the throes of the 2008 deflationary spiral. The answer to this question opens the door for vast opportunity; however, it's increasingly difficult to deduce exactly where we stand on the road to recovery.With the markets sitting just above their breakdown levels, the rhetoric and tone are increasingly bearish. Each attempted rally gets sold with increasing force. Yet still, the market remains above what many investors perceive to be a solid "value"/breakdown level for the market--S&P 1,040. I want to "dumb it down" and focus on just a couple of metrics to watch for each side and simply offer some of the competing arguments as food for thought (but inevitably, I'll give my brief personal conclusive thoughts in the end).Complete Story » seekingalpha.com |
Honda's Profits Rise by $3 Billion
Zacks.com submits: Honda Motor Co. (HMC) posted a profit of ¥272.5 billion ($3.1 billion) for the first quarter of its fiscal year 2011 that rose remarkably by ¥264.9 billion ($3 billion) from ¥7.6 billion ($85 million) in the same quarter of the previous fiscal year. This was equivalent to earnings per share of ¥150.27 ($1.70), an increase of ¥146.10 ($1.65) from ¥4.17 (5 cents) for the corresponding period last year.Consolidated net sales and other operating revenues in the quarter appreciated 18% to ¥2.4 trillion ($26.7 billion) due to higher revenues in the Automobile segment, partially offset by unfavorable currency translation effects. At constant exchange rates, Honda’s revenues increased 19.5%.Complete Story » seekingalpha.com |