TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Auto Industry: Fiat as the Engine for Change Edward Harrison submits:As developments in the global auto industry continue apace, it is becoming increasingly evident that Fiat has fashioned itself as a change agent in an industry rife with overcapacity. While eyes in the U.S. are fixed on a Fiat-Chrysler link-up, eyes in Europe are also fixed on Fiat in a Fiat-[[GM]] Europe merger. But, these are not the only developments ongoing at present. There has been a rush of activity involving VW, Porsche, Daimler, BMW, Saab, and GM Latin America. Let me fill in the gaps in those developments and sum up what I think it means for the industry going forward. Fiat – ChryslerComplete Story » seekingalpha.com |
GM: Ready to Emerge from Bankruptcy TheCarConnection.com submits: By Richard ReadWhile most of America was enjoying a long holiday weekend full of cookouts and fireworks, Judge Robert Gerber was overseeing a very different sort of explosive activity in Manhattan: the conclusion of the General Motors (GMGMQ.PK) bankruptcy trial. Late last night, Gerber ruled in favor of General Motors' request to sell off bad assets and shift good ones to a new company (owned, for the time being, mostly by the federal government). Doing so, Gerber argued, would "prevent the death of the patient on the operating table." Which is perhaps the most optimistic metaphor we could expect, given the circumstances.Complete Story » seekingalpha.com |
Volkswagen Chief Lays Out New American Strategy TheCarConnection.com submits: The global economic crisis has taken its toll on virtually every major automaker around the globe but the effects have varied significantly between firms. General Motors' financial predicament has been well documented, with the ailing Detroit-based firm still recovering from. Toyota (TM), too, has been hit hard by the crisis, with the usually unassailable automaker expecting its first loss this year after nearly seven decades of profit.Complete Story » seekingalpha.com |
YRC Worldwide: Trucking in Trouble YRC WorldWide (YRCW) is tanking over 50% on bankruptcy speculation. The large trucking company has been entangled in brutal labor renegotiation’s and is at the heart of the economic downturn with their highly economically sensitive transport based business. On Friday the company reported a $158.7MM loss which was followed up by a debt exchange announcement this morning. Investors are growing increasingly concerned that the announcement could result in an eventual Chapter 11 filing. Although the company is having cost difficulties (primarily labor related) the weakness at the company is primarily economically related. On the conference call CEO Bill Zollars detailed the economic struggles which we continue to see across the entire real economy. His comments would be most unwelcome to anyone who has bought into the recent stock market surge which is now not only very expensive, but pricing in very optimistic economic and earnings growth in 2010:Complete Story » seekingalpha.com |
Thoughts on Oil Price Increases and International Port Operators Global Investing Editor submits:There is 20-yr record snow in England and the airports are shut or slowed; the railroads are impassible and the roads dangerous because they have run out of grit. There is 40-year record snow in Beijing, where Tienanmin Square is blanketed with the stuff. Also record snow is Seoul. Most of northern Europe is shivering. In fact the only major developed country where there is no cold snap at this moment is Australia. (I have no idea about New Zealand, but I suspect it is summery there too.)Complete Story » seekingalpha.com |