TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Why Chrysler Needs to Declare Bankruptcy Felix Salmon submits: If Chrysler does come to some kind of agreement with its banks — which is by no means a foregone conclusion — then why would it still want to declare bankrutpcy next week? The WSJ gets half of the story when it says that bankruptcy “would let Fiat pick and choose which operations it wants”, but then goes and confuses matters by saying that Fiat is interested in Chrysler “in its totality.” The answer is that it’s all about the dealers — which are the reason why I said GM should declare bankruptcy as long ago as last July. Detroit is hobbled greatly by its legacy contracts with its dealers, and bankruptcy is the only way of getting out of those contracts. In many ways, I suspect that the dealers have the most to lose from bankruptcy proceedings. Lucky they don’t have a particularly strong and unified lobby, I guess.Complete Story » seekingalpha.com |
Boeing: The Good, The Bad and the Indifferent Zacks.com submits: By John N. SimonThe 787 is about to fly! Boeing (BA) hasn't said exactly when -- and probably won't, in order to prevent an onslaught of onlookers at Everett -- but soon.Complete Story » seekingalpha.com |
General Dynamics Q2 2009 Earnings Call Transcript General Dynamics (GD)Q2 2009 Earnings CallJuly 29, 2009 11:30 am ETComplete Story » seekingalpha.com |
Auto Industry Oversight Trickling Down to Dealers TheCarConnection.com submits: By Richard Read With the recent restructuring of Chrysler (DCX) and General Motors, there's been a lot of focus on auto dealers -- particularly those who were axed from the two companies' networks. Considerable time and energy on Capitol Hill has been dedicated to protecting dealers during the bankruptcy process, but now, new legislation is being developed to scrutinize them. And it has nothing to do with the auto industry bailout.Complete Story » seekingalpha.com |
Lithium Ion Batteries and GEVs: False Gods for the New Millennium John Petersen submits:Last Tuesday a reader sent me a copy of "Ending the ICE Age," a new industry overview from Bank of America Merrill Lynch analyst Steven Milunovich on the future of plug-in vehicles, which the newly organized Electrification Coalition has christened grid enabled vehicles, or GEVs. After spending several hours studying the report I concluded that Mr. Milunovich has found the true religion of the new millennium while I'm still an unwashed pagan, or worse yet a heretic. The grim reality is that when you look at American energy policy as a faith-based initiative, a new religion with its own rigid doctrine, dogma and ritual, it begins to make sense. It explains why our Secretary of Energy feels comfortable with a public comment that he's agnostic about natural gas. It also explains why the coastal waters of California and Florida together with huge swaths of Alaska have been forever consecrated as holy ground. It even explains why climatologists, eco-clerics and the fanatic faithful feel justified suppressing facts and ostracizing skeptics that call their world-view into question. Complete Story » seekingalpha.com |