TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Ford's Electric Car for 2011: One for the Masses? By John Addison My test drive of the new Ford (F) electric car for 2011 demonstrated that Ford is building an electric car that millions will want. The Ford Focus EV prototype provided a quiet and smooth drive for a prototype. One Ford engineer indicated that he was going beyond a 60-mile daily range in Michigan without nearing battery depletion.Complete Story » seekingalpha.com |
Toyota Recall: First Estimates of Sales Impact Ockham Research submits: On Wednesday, we wrote that investors should stay far away from Toyota Motor (TM) following their unprecedented recall of 8 popular models (Toyota’s Stuck Accelerators Cause Investors to Slam on the Brakes). Initial estimates predicted the recall could cost the company as much as $500 million each week until the problem is fixed, but the long term damage to the proud brand’s reputation is much more difficult to assess. Edmunds.com is a leading authority in the auto market and has estimated the Japanese automaker’s sales results for the month of January to show a decline of 12% from a year ago. That means the first serious nuts-and-bolts numbers from this debacle will come out Tuesday, when Toyota reports its monthly North American sales figures.Complete Story » seekingalpha.com |
Raytheon Appreciates Shareholder Value Zacks.com submits: Raytheon Company (RTN) has kept its focus on shareholder value through incremental dividends and share repurchases. The company increased its annual dividend payout rate by 21% from $1.24 to $1.50 per share. Shareholders of record as of the close of business on Apr 6, 2010 will receive the incremental quarterly cash dividend of $0.375 per share on Apr 29, 2010. Raytheon’s strong balance sheet provides financial flexibility in matters of incremental dividend, ongoing share repurchase and earnings accretive acquisitions. The company in fiscal 2009 repurchased 25.8 million shares for $1.2 billion.Complete Story » seekingalpha.com |
Earnings Preview: Harley-Davidson Zacks.com submits: Harley-Davidson Inc. (HOG) announced that it would release its results for the second quarter of 2010 before the market opens on July 20, 2010. The Milwaukee-based motorcycle maker posted a profit of 29 cents per share in the first quarter of 2010, overriding the Zacks Consensus Estimate by 3 cents per share. In the upcoming quarter, the Zacks Consensus Estimate for Harley is a profit of 42 cents per share, reflecting an annualized growth of 56%. With respect to earnings surprises, the company has outdone the Zacks Consensus Estimate over the trailing four quarters. This is reflected in the average earnings surprise of 9.4%, implying that the company has beaten the Zacks Consensus Estimate by the same magnitude over that time period.Complete Story » seekingalpha.com |
August Auto Sales Bake in Late Summer Heat Wall Street Strategies submits:By David SilverGoing into August's auto sales results, we knew there would be a decline from last year as August 2009 was benefited from the cash for clunkers program. With that in mind, it wasn't as bad as some articles were predicting. One of the headlines include "the worst month for auto sales in 28 years." First thing is it was a stat for the month of August, not any month of the year. That fine print took many by surprise. If you remember back to May, June, and July of last year, the industry seasonally adjusted annual rate of sales (SAAR) was below 10.0 million units, the lowest was 9.2 million. The figure for August 2010 didn't really approach that Armageddon level, but it was one of the worst August's (adjusting for population growth) since World War II. I honestly had hoped we had passed the post WWII comparisons, but apparently not. There were 997,468 sales which equates to approximately an industry SAAR of 11.7 million units.Complete Story » seekingalpha.com |