| Tata Motors Turns Profitable in Second Quarter Zacks.com submits: Tata Motors (TTM) returned to profitability in the second quarter of its fiscal year ended Sept. 30, 2009, helped by aggressive cost reduction measures and recovery of sales of its Jaguar and Land Rover brands in the U.K. The company posted a net income of Rs.217.8 million ($4.7 million), in sharp contrast to a loss of Rs.9.4 billion ($201.7 million) during the second quarter of last year. Sales volume (including exports) for the quarter grew 17.4% to 158,575 vehicles. Despite this, revenue declined by 9% (8% in dollars) to Rs.218.1 billion ($4.7 billion) due to continued slowdown in prime markets and volatility of exchange rates adversely affecting the company’s exports of commercial vehicles and passenger vehicles.Complete Story » seekingalpha.com |
China Auto Sales: Growth Should Continue Denis Ouellet submits:China sales of automobiles totaled 2.876 million units for the first 2 months of 2010, a spectacular jump of 84% on last year’s sales during the same 2 months. Complete Story » seekingalpha.com |
Pinnacle Airlines Corp. Q1 2010 Earnings Call Transcript Pinnacle Airlines Corp. (PNCL)Q1 2010 Earnings CallMay 4, 2010 3:00 pm ETComplete Story » seekingalpha.com |
Will Hyundai Beat Toyota and Honda in Lithium-Ion Hybrids? Juan Carlos Zuleta submits:On March 29, 2009 I asked myself: Why Toyota (TM) and Honda (HMC) dislike lithium? My short answer to that question was: Because it was in their own interest to behave this way. As is well known, these car makers pioneered the use of hybrid technology with nickel metal hydride batteries. Both created the conditions for a very profitable niche market, the hybrid electric vehicle market. So they had much to gain from delaying the arrival of the real electric car revolution since this would help them make more profits out of a rather obsolete but still commercially viable battery technology until the new emerging battery technology is finally introduced into the market. By doing so, they were also contributing to postponing the arrival of the sixth techno-economic paradigm with lithium as its main factor. Complete Story » seekingalpha.com |
Boeing Dreamliner Expected to Face a 6-Month Delivery Delay The forecasts came in response to Boeing’s announcement last week that it expected to come up with a new delivery schedule for the much-delayed plane. nytimes.com |