What Will Chinese Acquisitions in the Auto Industry Yield?
Robert Salomon submits: Ford (F) revealed Wednesday that Geely, the Chinese automobile manufacturer, has emerged as the most likely suitor for its Volvo (VOLVY.PK) unit (see Geely Behind Ford’s Plan to Sell Volvo). According to Motor Trend, the price tag will be somewhere in the $2 Billion range. Holding aside the sale price, if this deal goes through it would become the third high-profile purchase of a Western automobile manufacturer by a Chinese firm this year (Geely’s purchase of Volvo, Beijing Automotive’s participation in the Saab deal, and Sichuan Tengzhong’s acquisition of Hummer from GM).Complete Story » seekingalpha.com |
Modine Manufacturing Company F3Q10 (Qtr End 12/31/09) Earnings Call Transcript
Modine Manufacturing Company (MOD)F3Q10 (Qtr End 12/31/09) Earnings Call TranscriptFebruary 2, 2010 11:30 am ETComplete Story » seekingalpha.com |
Commercial Jet Biofuel Coming Sooner Than You Think
Greentech Media submits: by Joshua KaganThis week's announcement that the Air Force successfully tested a A-10C Thunderbolt "Warthog" plane on a 50:50 blend of petroleum jet fuel and camelina-based biofuel has brought the two disparate ways of producing aviation biofuels into the spotlight.Complete Story » seekingalpha.com |
Canadian Rail Stocks on a Winning Streak
Market Blog submits: By David BermanCanadian rail stocks have sure been enjoying a good winning streak. Canadian National Railway Co. (CNI) has risen for four straight days (Thursday included, although the trading day isn’t over yet). Canadian Pacific Railway Ltd. (CP) has risen for eight straight days.Complete Story » seekingalpha.com |
Good Times Ahead for Boeing?
Zacks.com submits: In a twist of fate reflecting the cyclical variations of the commercial aerospace industry it’s raining good news for The Boeing Company (BA). Earlier Boeing’s commercial airplane deliveries were badly affected worldwide by cancellation and deferment from its airliner customers badly affected by the worldwide recession.To catch up with the expected rise in air traffic, airliners will need to retire older airplanes to maintain capacity and keep their fleet young. The company predicts that the commercial airliner fleet operating in the Oceania region of Australia, New Zealand and the South Pacific Islands will require 920 new airplanes worth $120 billion over the next 20 years. Complete Story » seekingalpha.com |