| Carlos Ghosn: Auto Sales Have Bottomed TheCarConnection.com submits: Speaking at a World Economic Forum in New Delhi, Carlos Ghosn -- head of Nissan Motor Company (NISANY) and Renault SA -- had some interesting things to say about the global auto industry. Among the most notable and encouraging items, Ghosn believes that the international sales slump has ended and that the industry is beginning to rebound. He had previously predicted global sales to ring in around 55 million units, but has now upgraded that figure to 60 million. (For reference, 2008 and 2007 each saw sales in the 70-million-unit range.)Like his rivals at Toyota (TM), Ghosn attributes much of the rebound to sales incentives offered by governments around the world, including America and its Cash-for-Clunkers initiative. Though many of those programs have now ended, leaving sales in danger of falling slack again, Ghosn argues that such threats have been offset by surprising growth in emerging markets like India and China.Complete Story » seekingalpha.com |
Harley Davidson: First Loss in 16 Years Ockham Research submits: “We’ve got Harley-Davidson (HOG) having a tough morning because their orders dropped 53% compared to the same period last year. Going to be a tough time in 2010…” — CNBC’s Squawk on the Street 1/22/2010 Iconic motorcycle maker Harley-Davidson reported an extremely rough fiscal fourth quarter on Friday morning in which the company lost $0.63 per share excluding one-time charges. Overall, including restructuring costs, the company reported a net loss of $218.7 million or $0.94 per share. This is the first quarterly loss for them since 1993, and it was nearly twice as wide a loss as analysts had anticipated. Profits have fallen in nine consecutive quarters and the bigger than expected fourth quarter loss dragged down the fiscal year to a lost $55.1 million or 24 cents per share.Complete Story » seekingalpha.com |
United Technologies Corp. (UTX) Q1 2010 Earnings Call Transcript United Technologies Corp. (UTX)Q1 2010 Earnings CallApril 21, 2010 8:00 am ETComplete Story » seekingalpha.com |
The Impact From Lower Cost Carriers - American to Discontinue Boston-San Francisco Route Robert Herbst submits:After operating the Boston (BOS) to San Francisco (SFO) route non-stop since 1998, American Airlines (AMR) recently announced it will discontinue their twice daily round-trips between BOS and SFO effective this November.This analytical report uses the most recent publicly available data to show the competitive landscape for the BOS-SFO route for year 2009 and Q1 2010. Note: some 2010 data is not yet available.Complete Story » seekingalpha.com |
Increased Air Demand in Asia May Boost Airline ETF Kevin Grewal submits: As economies in Asia continue to prosper, the demand for air travel is following putting the Guggenheim Airline ETF (FAA) in a position to potentially reap the benefits. According to aviation forecaster Ascend Worldwide, Asia-Pacific region airline carriers have ordered 133 commercial jets so far this year, comprising 23 percent of all new orders globally, with Cathay Pacific Airways (CPCAY.PK), Qantas Airways (QUBSF.PK) and Emirates Airline awaiting delivery of about 400 planes. Furthermore, the number of new orders globally is expected to nearly double over the next twenty years to combat a shortage in both cargo and large passenger fleet, driven primarily by Asia-Pacific in the near term. Complete Story » seekingalpha.com |