TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Will the U.S. Start a Car Scrapping Incentive Program? David Hunkar submits: In a recent Washington Post article titled “Too Many Cars, and They’re Not on the Road," the author says that 57,000 unsold cars are piled up at the Port of Baltimore and many more are stored at the Baltimore-Washington International Marshall Airport. The big three US automakers - Ford Motor Co. (F), General Motors (GM) and Chrysler Holdings LLC - posted on an average over 40% sales decline in March compared to the same month last year. In addition to the cars parked at ports, dealerships across the country are sitting on millions of new cars that are waiting for buyers. In order to provide a jolt to auto sales and to kick-start the automotive industry many European countries started incentive programs to help new car buyers. People were offered cash in order to exchange their old cars for new cars. In Germany this program was a big hit with the government receiving over one million applications. Due to this success the German government extended the program this week and increased the funding to five billions euros. (Source: Deutsche Welle)Complete Story » seekingalpha.com |
Air Methods: Flying High Zachary Scheidt submits: Air Methods Corporation (AIRM) has rallied significantly in the past few months as the company has implemented changes leading to increased profitability. AIRM is the largest air medical transport company in the world and under its Community Based Services division, it operates out of 91 bases in 21 states. The company recently reported earnings for the first quarter and significantly increased profitability levels. Revenue for the first quarter came in at $124.7 million which was only up 5.6% over the first quarter of 2008. However, earnings per share came in at $0.41 which was more than 240% above earnings for the same period last year. Management indicated that the improvement was due to stronger reimbursement per community based transport as well as lower maintenance and fuel costs.Complete Story » seekingalpha.com |
The Boeing Company Q2 2009 Earnings Call Transcript The Boeing Company (BA)Q2 2009 Earnings CallJuly 22 2009; 10:30 am ETComplete Story » seekingalpha.com |
Volkswagen Plans North America Onslaught TheCarConnection.com submits: By Viknesh VijayenthiranThe 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 |
Nissan to Build the World’s Cheapest Car Zacks.com submits: Carlos Ghosn, the Chief Executive of the alliance Renault and Nissan (NSANY), has revealed that the company will roll out a small car with its Indian partner, Bajaj Auto, that will be cheaper than any other car in India -- and in the world. The car, which is scheduled for launch in India in 2012, would beat India’s largest automaker Tata Motors’ Nano both in terms of pricing and fuel-efficiency, and become the world's cheapest car. Presently, Tata Nano is the world's cheapest car. The car has a starting price of about Rs100,000 ($2,150). When Renault and Bajaj started discussing on their "ultra low-cost" car 2 years ago, it has been revealed that the car would have been priced between $2,500 and $3,000. However, at the World Economic Forum meeting in New Delhi, India, Mr.Ghosn announced that the ultra low-cost car would be cheaper than the Nano.Complete Story » seekingalpha.com |