TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Electric Car Revolution May Be Delayed; Nissan Looks Good Regardless Bill Paul submits:Shortly before test-driving Nissan Motor Co.’s (NSANY) still-unnamed electric vehicle last week, Edmunds.com consumer advice expert Phil Reed told EnergyTechStocks.com that investors shouldn’t expect the EV revolution to arrive until gasoline is back up to $4 a gallon, which given the state of the economy, could be a lot later than the fourth quarter of 2010, which is when EVs are expected to appear in dealer showrooms. In an exclusive interview, Reed said he was dismayed that lower gasoline prices “have cooled off lots of interest” in plug-in electric hybrid vehicles (PHEVs). “Consumers have gone back to their wicked ways,” he said, noting the growing sales of bigger, less fuel-efficient vehicles. “It’s as if last summer never occurred,” he said glumly. “Nobody seems to care about global warming. I’m afraid we’re going to have to go back to $4-a-gallon gasoline” before the EV market takes off.Complete Story » seekingalpha.com |
Chrysler, GM Dealer Termination Data: How Much Politics Involved? Tyler Durden submits: Today, Chrysler's terminated dealers finally get a chance to be heard by Judge Speedy, although the mootness of the hearing can be smelt from miles away. Associated Press has some good color on the proceedings: Just under 20 dealers were sworn in at the beginning of what was expected to be a lengthy day of testimony from both dealers and Chrysler LLC executives. Arguments on the motion are scheduled for Tuesday.Complete Story » seekingalpha.com |
Delta Airlines Q2 2009 Earnings Call Transcript Delta Airlines (DAL)Q2 2009 Earnings CallJuly 22, 2009 10:00 am ETComplete Story » seekingalpha.com |
Audi Confirms Development of E-Tron All Electric Car TheCarConnection.com submits: The Volkswagen (VLKAY.PK) family is growing by leaps and bounds. Not only is Porsche planning to expand its lineup to include a "bottom-of-the-range" vehicle priced "significantly" below the Boxster, but also Audi has confirmed that it's moving the recently revealed e-tron EV concept into development.The news comes from Audi of America’s Johan de Nysschen, and it's somewhat of a surprise. When the Audi e-tron debuted in Frankfurt last month, the company had nothing to say about the concept's potential future in the Audi lineup. Frankly, it looked as if the closest the e-tron might come to production would be as a virtual model headlining the Vertical Run videogame on Sony's PlayStation Home. However, de Nysschen now expects to see working prototypes on the tracks within 24 months.Complete Story » seekingalpha.com |
GM: Still a Long Road to Hoe TheCarConnection.com submits: It's been a busy day for General Motors CEO Fritz Henderson. Not only did he reveal GM's third quarter financials, but he also announced the company's souped-up plan to repay $6.7 billion in loans from the U.S. government. While the financial report was reasonably upbeat (the company ended Q3 $1.2 billion in the red, but that's an improvement on analysts' $2.5 billion loss estimate), the real attention-grabber was GM's aggressive loan repayment plan: the company will now cough up $1 billion at the close of each quarter, beginning in December 2009. At that rate, GM's debt should be fully erased by July 2011 -- far ahead of the 2015 date agreed upon with the U.S. Treasury.Of course, that won't put GM in the clear -- not by a long shot. In total, General Motors took about $50 billion from the feds. Of that sum, $6.7 billion remains on the books as debt; the other $43.3 billion has been converted into the federal government's 61% stake in GM, and the feds hope to recoup that cash via stock sales when the company goes public down the line. (Whether the government's stake will ever be worth $43.3 billion is a matter for debate, although many on the auto industry task force would like to see $19 billion that GM received prior to bankruptcy written off, reducing the recoupable amount to $22.3 billion.)Complete Story » seekingalpha.com |