| General Maritime Corporation Q3 2009 Earnings Call Transcript General Maritime Corporation (GMR)Q3 2009 Earnings CallOctober 28, 2009 8:30 am ETComplete Story » seekingalpha.com |
Toyota's Troubles Could Turn Into Good News for U.S. Automakers The Business Insider submits: Ford (F) and GM (GMGMQ.PK) are wasting little time hitting Toyota (TM) while it's down.They're offering incentives to Toyota owners in the hopes that customers will make the switch back to the American cars they used to buy.Complete Story » seekingalpha.com |
Boeing: Taking Airline Production Stocks for a Ride Trader Mark submits:I've been watching this move in Boeing (BA) for a few months in awe; this is definitely the definition of "cyclical". On the plus side, this is one thing still made in the USA, so any good news for Boeing is good news for the general economy.The aircraft maker reported Q4 sales rose 42%, year over year, to $17.9 billion, yielding profit per share of $1.75; that was ahead of analysts’ average $17.6 billion estimate on the top line and way, way ahead of $1.36 on the bottom line. (Click to enlarge) The halo effect is now rubbing off on the entire industry as many suppliers are surging right along with the giant. Today, Precision Castparts (PCP) - a stock that was on fire in 2007 - was upgraded by Goldman Sachs.Complete Story » seekingalpha.com |
A Motor City for India? Gad Allon submits: by Martin LariviereA few weeks ago I asked where sewing would be done in the future. One could equally ask where cars will be made. Detroit has long been synonymous with building cars but that business has clearly been winding down. Now The Wall Street Journal offers a suggestion as to what will be the new Detroit (A New Detroit Rises in India’s South, Jul 9). It points to Chennai in the state of Tamil Nadu, India.Complete Story » seekingalpha.com |
Light Vehicle Sales Are, Unfortunately, Light Sold At The Top submits: While the latest sales results from automakers generally came in weaker than last year when sales boomed as a result of the government's sham "cash-for-clunkers" policy, looking at the Department of Commerce light vehicle sales series you can see that for the better part of the last decade auto sales have been terrible, stuck in a perpetual declining trend since the late 90s with the current level of sales last seen way back in early 1983.With the tightening consumer credit conditions, structurally high unemployment and a decade long disappointing sales trend, recent auto sales results offer an interesting data-point but essentially paints a picture of bleak economic weakness.Complete Story » seekingalpha.com |