TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Obama's Auto Task Force Lacks Expertise Tom Lindmark submits:The WSJ is out Wednesday evening with a pretty extensive article on the state of the negotiations between the government, [[GM]] and Chrysler. It isn’t a really pretty picture. A large part of the article is given over to a discussion of the absence of industry expertise among the members of the auto industry team.Complete Story » seekingalpha.com |
GM Bankruptcy: Who Would Lose the Most Rick Newman submits:Dealers will close. Jobs will disappear. Customers may flee. If General Motors (GM) declares bankruptcy in the coming days, as seems likely, millions of GM workers and other Americans will suffer the collateral damage.So will the investors who own GM stock. In fact, GM investors have already endured epic losses as the company's stock has spiraled downward. GM's share price peaked in 2000 at over $90, then fell steadily over the following years as GM's market share dwindled and its earnings turned from positive to negative. In October 2007, GM stock was worth about $42. Now, with bankruptcy on the near horizon, the stock trades well below $2. A Chapter 11 filing would virtually wipe out the value of all outstanding shares.Complete Story » seekingalpha.com |
Electrovaya Debuts Low-Speed EV Maya-300 Vehicle in Baltimore Greentech Media submits: By Jeff St. JohnLast week, battery maker and low-speed electric carmaker Electrovaya said it would be launching the Maya-300 car with help from ExxonMobil's (XOM) lithium-ion battery technology (see The Maya 300: An Exxon-Assisted Electric Car).Complete Story » seekingalpha.com |
Clunkers and Home Buyer Tax Credit: All the Same Thing The car clunker program was a huge success. Close to 700,000 cars were sold as a result of the program. The cash rebate was the down payment that was necessary for consumers to borrow more money and buy a car. The clunker concept has now been extended to washing machines. No doubt that the availability of government rebate checks will stimulate demand for these products as well.It will be very interesting to follow car sales over the next few months. The sales volume will fall, as the stimulus to buy is no longer there. The question will be: “Did the clunker program just steal from future consumption, or has there been a permanent increase in demand that reflects a stronger economy?" My bet is that the demand is going to fall flat. I visited a car dealer on Tuesday and they had not seen a customer. Without the rebate there are no buyers.Complete Story » seekingalpha.com |
Atlas Air Worldwide Holdings Inc. Q3 2009 Earnings Call Transcript Atlas Air Worldwide Holdings Inc. (AAWW)Q3 2009 Earnings CallOctober 26, 2009 10:00 am ETComplete Story » seekingalpha.com |