TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| S&P Says Aid to Automakers May Do More Harm than Good Research Recap submits: Government initiatives to prop up finances and rekindle demand in the ailing global auto industry are offering short-term liquidity relief to some companies, including some in Europe. However, these programs could impede the industry’s long-term recovery, Standard & Poor’s says in Governments’ Support For the Auto Industry Is A Bandage, Not A Lasting Cure, one of a series of new reports on the auto industry. In a related report Recession And Demographic Changes Are Hitting Europe’s Auto Markets Hard S&P also suggests that passenger car sales in Europe may not fully recover because of structural changes in car use. …we believe only a sustained recovery of consumer demand will bring a lasting rise in vehicle sales. What’s more, government support comes with strings attached that could ultimately hinder the industry’s necessary restructuring process.Complete Story » seekingalpha.com |
TARP: Does the Auto Bailout Qualify? BoneYard submits:Indiana's pursuit of lender justice raises an interesting point: Is the auto bailout allowed under the TARP?The Emergency Economic Stabilization Act of 2008 is formallyComplete Story » seekingalpha.com |
Nissan Exec: Hybrids on the Menu as Well as EVs Greentech Media submits: By Jeff St. John A Nissan (NSANY) executive has said the automaker will consider building cheaper hybrid cars as an interim measure, while its full electric vehicle rollout takes shape.Complete Story » seekingalpha.com |
AutoNation: Earnings Preview Zacks.com submits: AutoNation (AN) will release its sales and earnings results for the third quarter ended Sep 30, 2009, on Thursday, Oct 29, 2009, before the market opens. The Florida-based automotive retailer reported earnings of $55 million or 31 cents per share in the second quarter of 2009. This was above the Zacks Consensus Estimate of 24 cents per share despite a difficult industry environment. The company believed its cost reduction initiatives, lower interest expense, disciplined operating model and inventory management helped it to maintain the profits during the quarter. However, earnings were essentially flat compared to the year-ago level of $56 million or 31 cents per share. For the quarter, Zacks Consensus Estimate for AutoNation is 32 cents per share, reflecting a meager improvement from recorded earnings in the previous quarter. Complete Story » seekingalpha.com |
Rapid Transition to Grid Enabled Vehicles Not Possible or Desirable John Petersen submits:On Monday of this week the Electrification Coalition, a newly organized industrial lobby that styles itself as anonpartisan, not-for-profit group of business leaders committed to promoting policies and actions that facilitate the deployment of electric vehicles on a mass scale in order to combat the economic, environmental, and national security dangers caused by our nation’s dependence on petroleum.Complete Story » seekingalpha.com |