TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Obama's GM Plans: Good Moves, Poor Vision Edward Harrison submits:I like the fact that President Obama has drawn a line in the sand and signaled that no more funds will be given to U.S. automakers without their presenting a viable long-term plan for restructuring. Ultimately, the automakers cannot survive merely as a result of government largesse, but through the discipline of a competitive auto market. In my view, the American automakers are viable companies which can produce cars that sell well. It is their poor operating cost structure and disastrous balance sheets which make them bankrupt organizations. This should mean they are perfect candidates for restructuring.Complete Story » seekingalpha.com |
Zenn to Put $2M to $5M More in EEStor, but Questions Linger Greentech Media submits: By Michael KanellosZenn Motors (ZNNMF.PK), the Canadian company that specializes in electric economy cars, said it will invest $2 million to $5 million more in ultracapacitor maker EEStor, boosting its share of the company to over 10 percent.Complete Story » seekingalpha.com |
The Government's Empty GM Threat Tom Lindmark submits:This certainly has to qualify as the most obvious empty threat of the year — at least so far this year. From Fox, auto task-force member, Harry Wilson, testifying in the GM (GMGMQ.PK) bankruptcy hearing that the government does have a drop dead date for concluding the sale of GM (GMGMQ.PK) to “New GM”.Complete Story » seekingalpha.com |
Volkswagen Sets Sights on Suzuki TheCarConnection.com submits: By Viknesh Vijayenthiran Volkswagen (VLKAY.PK) has made no secret of its desire to be the world's number one automaker, gobbling up smaller brands in its wake as it attempts to inorganically grow to rival the likes of General Motors and Toyota (TM). The German auto giant is still finishing up its takeover of Porsche but already its chairman, Ferdinand Piech, is hinting about the company's next major acquisition.Complete Story » seekingalpha.com |
Too-Big-to-Fail and the Gang that Couldn't Shoot Straight Jim Gobetz submits: A year or so ago in the aftermath of the Lehman Bros LEHMQ.PK) failure, as we stood on the precipice of economic Armageddon, our then Secretary of the Treasury came before the people and said that if we didn’t rescue a group of firms in the next few days, huge cracks would open up in the world's economy and swallow us. These firms, he said, were so important, so crucial, so totally necessary to our economy, that to let them suffer the consequences of their actions was too dangerous to even contemplate. They were Too Big To Fail.Complete Story » seekingalpha.com |