TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| German Press: Fiat to Sign Deal with Opel, Not Chrysler Edward Harrison submits:I want to make clear the significance of the Treasury's Chapter 11 bankruptcy plan for Chrysler if Fiat (FIATY.PK) pulls out. It will mean massive job losses and and a huge down-tick in consumer demand. There will be no second half recovery. Geithner and Obama will look very much like greenhorns and lose a lot of credibility. This is a very real possibility given the statements coming out of the German press. While the U.S. Government is integrally involved in both the Opel-Fiat-[[GM]] and the Fiat-Chrysler love fests, it remains to be seen that they can strike a deal that is agreeable to all parties. These are very, very complicated negotiations, involving legal and employee issues in three different countries.Complete Story » seekingalpha.com |
Citi's TARP Convert and Chrysler's Indiana Bond Holders A big sigh of relief for the Citi (C) convert transaction. The resulting dilution puts a cap on the stock price forever. The Preferred holders (C.P) took a bath. The end result is that Citi’s balance sheet looks a lot better. Net-net call it a Green Shoot.Treasury was a big part of the deal. They converted $25 billion of TARP pref into 36% of the common stock. That is not a Green Shoot. That is a loser.Complete Story » seekingalpha.com |
Wright Express Corporation Q2 2009 Earnings Call Transcript Wright Express Corporation (WXS)Q2 2009 Earnings CallJuly 29, 2009 10:00 pm ETComplete Story » seekingalpha.com |
Ford, UAW Reach Deal - Maybe Zacks.com submits: Ford Motor Co. (F) has finally reached a tentative national agreement with 250 leaders of the United Auto Workers (UAW) on modifications to its 2007 labor contract. The deal, which runs until 2011, will help Ford end its cost disadvantage while securing jobs for the union workers at the same time. However, the deal has yet to be approved by the 41,000 UAW members at Ford. Voting will begin this week. Ford was upset with its higher labor costs compared to its Detroit rivals, General Motors and Chrysler. Both of those companies were given concessions as they headed into bankruptcy protection earlier this year. However, the deal will enable the automaker to lower the labor costs to match those of its rivals.Complete Story » seekingalpha.com |
Ford, Best Buy Sync for Success TheCarConnection.com submits: Ford (F) has been on a winning streak lately, improving vehicle quality, buffing its brand perception, and growing the company's market share. Now Ford has something new to brag about, thanks to a successful pilot program aimed to raise awareness about Ford's Sync telematics system. The program was also a win for Ford's partner in the program, Best Buy (BBY), and both companies have plans to expand the campaign in the coming months. For 30 days, Ford set up Sync demos outside Best Buy stores in Dallas, Texas. Shoppers were invited to slip into Sync-equipped vehicles, where Ford staff provided walkthroughs of the in-dash system, which offers 911 assistance, turn-by-turn directions, hands-free calling and other services we've come to expect from telematics devices. Folks who already owned Sync-equipped Ford, Lincoln, or Mercury vehicles were offered personal tutorials on the system. And all participants were offered a check of their mobile phones to verify compatibility with Sync. In all, 3,500 demonstrations were conducted, and 400 Sync owners took the personal tutorial.Complete Story » seekingalpha.com |