TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Obama Wants To Split GM Into 'Good' and 'Bad' Companies Tyler Durden submits: CNBC just out with this: The First Portfolio Manager, who today also became the First HR Manager of General Motors, is quoted as saying he wants to split GM into a "Good" GM and "Bad" GM, thus cementing his spot as The First Company Ethics Arbitrator. Not sure what exactly would fall into "Bad" GM, but we have our money on the Pontiac Aztec making the list. Finally, in yet another total shift in strategy, the administration was quoted as saying bankruptcy is currently the preferred outcome for the Detroit automaker.Complete Story » seekingalpha.com |
Magna and Linamar Equipped to Survive Downturn - UBS FP Trading Desk submits: Despite the carnage in the auto sector, UBS Securities analyst Fadi Chamoun is confident that Canada's biggest parts suppliers, Magna International Inc. (MGA) and Linamar Corp. (LIMAF.PK), are equipped to survive the industry downturn.In a research note, he pointed out that they both have strong liquidity (particularly in Magna's case), good cost management and cash preservation abilities, and the high potential for market share gains as excess capacity exits the market. Their recently-reported Q1 results underscore their solid performance, he noted.Complete Story » seekingalpha.com |
Four Stocks for 2009: Second Quarter Review Zachary Scheidt submits: Note: This post is a follow up the the New Year post: Four Stocks for the New Year as well as the first quarter review We’re halfway through 2009 and the markets continue to be very dynamic. After a full fledged rout in the first quarter, equity markets have rebounded sharply in the second quarter, posting the best market return since the bullish days of the late 90’s. Despite the strong performance off the March lows, equity markets still appear to have a significant amount of risk. Unemployment numbers continue to be weak, consumer spending is contracting even with upticks in income levels, and governments around the world are piling on excessive debt.Complete Story » seekingalpha.com |
The Opel Saga Felix Salmon submits: A team of seven Spiegel staffers has produced a spectacular account of the big M&A story you’re probably vaguely aware of and find far too complicated to understand — the attempted sale of GM’s European car division, Opel. There’s lots of great stuff here, such as the games of phone tag being played out at the highest levels of the German and US governments (including Angela Merkel, Tim Geithner, and even Hillary Clinton and Dmitry Medvedev); and the spectacular own-goals being scored by the German government (like appointing board members to the German-American trust overseeing the sale of Opel who disagreed fundamentally with the government’s own plans for the carmaker). Then there’s the even more spectacular own-goal made by at least one bidder, RHJ International (RHJI):Complete Story » seekingalpha.com |
The Housing Shell Game Moves to Autos Trader Mark submits:The Wall Street Journal reports of a new round of bailouts for GMAC (GMA). If you are not familiar with how the full Ponzi scheme economy is working, I touched on this in a June piece (well before Cash for Clunkers). Let's review. ... in the "you can't make this stuff up" category....Chrysler (DCX) now has access to GMAC as part of its government intervention. The same GMAC that has been bailed out via $14 some Billion of US taxpayer dollars. So what is Chrylser offering now? You guessed it... 5-year, 0% loans. Because if Americans can't afford to pay interest, let the taxpayer cover it. Just chalk up another one for the grandkids to pay off... we now are subsidizing car purchases - trying to create unnatural demand via taxpayer handouts.Complete Story » seekingalpha.com |