| Live from Frankfurt: Volkswagen to Go Electric in 2013 Greentech Media submits: By Michael KanellosFRANKFURT, Germany -- Volkswagen (VLKAY.PK) is coming to the electric car market later than many other major manufacturers, but it's bringing its own scooter.Complete Story » seekingalpha.com |
The Pep Boys F3Q09 (Qtr End 10/31/09) Earnings Call Transcript The Pep Boys - Manny, Moe & Jack (PBY)F3Q09 Earnings CallDecember 8, 2009 8:30 am ETComplete Story » seekingalpha.com |
The Complete List of NYSE-Traded Railroad Stocks David Hunkar submits: In November 2009, Warren Buffet’s Berkshire Hathaway agreed to buy the Burlington Northern Santa Fe (BNSF) railroad for $34B. The railroad is the largest second largest railroad in the country and is also the biggest mover of food products like corn and coal.As one of the largest railroads, BNSF also transports the large amount of consumer goods from west coast ports to destinations across the country. At that time Buffet said that it was a huge bet on the future on the U.S. economy. Buffet added “They do it in a cost-effective way and extraordinarily environmentally friendly way,” he told CNBC. “I basically believe this country will prosper and you’ll have more people moving more goods 10 and 20 and 30 years from now, and the rails should benefit.”Complete Story » seekingalpha.com |
Toyota Turns to Annual Profit Zacks.com submits: Toyota Motor Corp. (TM) posted a profit of ¥209.5 billion ($2.3 billion) or ¥66.79 (72 cents) per share for its fiscal 2010 ended March 31, 2010, in stark contrast to a loss of ¥437 billion ($4.7 billion) or ¥139.13 ($1.50) per share a year ago. Sales expansion in Asia, reductions in variable and fixed costs and increased profits in the company’s Financial Services segment were the principal factors behind the improvement in results, despite the backlash of Toyota’s series of automotive safety recalls in the last few months.Complete Story » seekingalpha.com |
Ford: Profits Improve on Strong Sales Zacks.com submits: Ford Motor Co. (F) posted a profit of $2.7 billion or 68 cents per share (before special items that include sales of Volvo cars, among other things) in the second quarter of the year, far outdoing the Zacks Consensus Estimate of 40 cents per share. The profit improved $3.34 billion from a loss of $638 million or 21 cents per share (before similar adjustments) in the second quarter of 2009.Sales in the quarter appreciated 17% to $31.3 billion, higher than the Zacks Consensus Estimate of $29.5 billion. Excluding sales of Volvo cars in 2009, sales surged 31%. This company’s strong results were attributable to better performance by its Automotive operations around the world, driven by strength of new products.Complete Story » seekingalpha.com |