| GM Adding New Dealerships, Frustrating Old Ones TheCarConnection.com submits: When Chrysler and GM underwent restructuring earlier this year, they took the opportunity to thin out their dealer networks. As you might recall, that resulted in substantial consternation among dealers, lobbying groups, and elected officials. But while threats of litigation and offers of mediation still hang in the air, there may be a glimmer of hope on the horizon -- at least for some of GM's eliminated dealers.In late September, General Motors sent out a batch of RFPs -- requests for dealership proposals in markets where GM hopes to beef up its presence. While the RFPs weren't sent exclusively to terminated or shuttered GM dealers, it's clear that at least a dozen of those folks were on the list. However, it's also clear that other entities -- perhaps other dealers, perhaps various entrepreneurs -- have also been invited to apply. Of the proposals submitted to GM so far, three have been accepted.Complete Story » seekingalpha.com |
Ford: Ahead of Earnings, Sentiment Surges Jett Winter submits: Ford (F) is scheduled to release Q1 earnings this Thursday January 28th, before the market opens. Average analyst estimates for the US Automaker are $.26/share in EPS and $32.6 billion in Revenue. Thirteen analysts track the stock with four upward EPS revisions in the last 30 days and no downward EPS revisions in the last 30 days.Complete Story » seekingalpha.com |
GOL Linhas Aereas: Brazilian Growth Stock With High Put Option Yields Double Dividend Stocks submits: GOL Linhas Aereas Inteligentes (GOL) is a new addition to our Covered Put Tables and currently has the highest annualized put yield at over 26%. GOL is a low-cost, low-fare regional airline (the biggest in Latin America) with routes connecting all of Brazil's cities and from Brazil to cities in South America and many Caribbean destinations. GOL is seeking government approval for a code-sharing program with Delta (DAL), which would initially allow Delta to sell tickets on more than 45 GOL flights within Brazil. The deal also will cover two GOL flights between Brazil and Paraguay and Uruguay.Complete Story » seekingalpha.com |
Ford to Clear More Than $4B in Debt Zacks.com submits: Ford Motor Co. (F) has revealed that it would pay more than $4 billion in debt to the United Automobile Workers (UAW) retiree health care trust in order to improve its financial position. The company would pay almost the entire amount in cash instead of using stock, as had been decided previously. The automaker also cleared about $3 billion on its 2013 revolving credit facility in April ahead of schedule at a discount of 2%. Thus, in all, the company will cut about $7 billion in debt that would save more than $470 million in annual interest costs.Complete Story » seekingalpha.com |
American Airlines: Cleared for Takeoff? Soos Global Capital submits:AMR: Cleared for takeoff?On September 22, 2010, I wrote an article entitled “American Airlines: Time to Change Flight Plan” in which I raised what appeared to me to be a contradiction between the media’s focus on AMR’s struggles on the costs of doing business, especially with unions (I did NOT take sides, just noted the controversy…see “Comments” to that article for reader reaction), versus the data from the International Air Transport Association (IATA) which showed an upward revision to their 2010 industry outlook driven by a combination of factors including increasing global demand and improved cost management within the industry.Complete Story » seekingalpha.com |