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Old Dominion Freight Line Q1 2009 Earnings Call Transcript
Old Dominion Freight Line Inc. (ODFL)Q1 2009 Earnings CallApril 23, 2009 10:00 AM ETComplete Story »
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"Cash for Clunkers" Incentivizes Americans to Take On More Debt
Carlos Lam submits:Well, H.R. 2751: Consumer Assitance to Recycle and Save Act -- better known as the "Cash for Clunkers" bill -- passed the House of Representatives on a 298-119 vote and is awaiting action by the U.S. Senate. The bill gives buyers a $3500-$4500 tax credit for trading in their used car for a new car at a dealership. The dealers then have to ensure that the used car is either crushed or shredded; they cannot even sell it overseas!Edmunds has reported that the average price of a new car is $27,800. BankRate.com reports that an average car buyer puts down 5%; this would mean that an average new car buyer would take on about $26,410 in new debt. The tax credit (let's say an average of $4,000) would take this down to $22,410.Complete Story »
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Tenneco Automotive Q2 2009 Earnings Transcript
Tenneco Automotive, Inc. (TEN)Q2 2009 Earnings CallJuly 30, 2009 10:30 AM ETComplete Story »
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Genuine Parts Company Q3 2009 Earnings Call Transcript
Genuine Parts Company (GPC)Q3 2009 Earnings CallOctober 16, 2009 11:00 am ETComplete Story »
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How Many Countries Does It Take to Make a Saab?
Ira Stoll submits: Swedish government officials "could tell" the U.S. government-owned General Motors that Sweden "is open to providing loan guarantees to a new buyer" for the auto brand Saab, now owned by GM, the Wall Street Journal reports. One possible buyer is Beijing Automotive Industry Holding Co. The Journal article doesn't say so, but it is a Chinese state-owned company. In other words, it would take the combined assistance of the governments of America, Sweden, and China to keep this car-maker going. What a downfall for James Bond's "Silver Beast."Complete Story »
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