TOP 100 TRANSPORTATION AND LOGISTICS SITES
| |||
|
| |||
| |||
|
| |||
| Obama Auto Team to Consider Converting GM Loans to Equity Tyler Durden submits: Just hit headlines, not sure what the hell this means: they will equitize the loans?Reading it so that the government will "agree" to get its uber-secured loan equitized, killing any negotiating power for all other unsecured bondholders.Complete Story » seekingalpha.com |
What China Gains from Bailing Out Hummer Rick Newman submits:Nobody saw this one coming: An obscure Chinese company that doesn’t even build cars buys a troubled but iconic division from General Motors (GMGMQ.PK). Hummer, made famous by American G.I.s, Arnold Schwarzenegger and oversized U.S. consumers, will now be run by a construction-equipment company located 1,200 miles southwest of Bejing (and 8,000 miles from Detroit). It’s tempting to laugh it off as globalization run amuck. Don’t. The Chinese may not be automotive experts (yet), but they’re smart and bold and they know a bargain when they see one. It would be foolish to dismiss the Hummer purchase by the Sichuan Tengzhong Heavy Industrial Machinery Co. as a rookie mistake or a hopelessly naïve investment. Instead, we should pay attention to how the Chinese see opportunity in a turbulent economy, and how they plan to take advantage of others’ distress.Complete Story » seekingalpha.com |
What Happened to Omega Navigation? Andy Wang submits: By SkymistOmega Navigation (ONAV) is a small cap Greek owned shipping company which transports crude oil and refined crude oil products. It used to be priced in the mid 20's per share, but today it is a mere $3.61. Did its ships sink? Captured by pirates? No, but the story is still interesting.Complete Story » seekingalpha.com |
GM Begins Saturn's Death Spiral TheCarConnection.com submits: By Richard ReadAnd now comes the unpleasantness: in the aftermath of its failed sale of Saturn to Roger Penske, General Motors has begun winding down the Saturn network. The brand will close for good just over a year from now.Complete Story » seekingalpha.com |
ArvinMeritor Inc. F4Q09 (Qtr End 09/30/2009) Earnings Call Transcript ArvinMeritor Inc. (ARM)F4Q09 Earnings CallNovember 10, 2009 9:00 am ETComplete Story » seekingalpha.com |