| Nissan to Build the World’s Cheapest Car Zacks.com submits: Carlos Ghosn, the Chief Executive of the alliance Renault and Nissan (NSANY), has revealed that the company will roll out a small car with its Indian partner, Bajaj Auto, that will be cheaper than any other car in India -- and in the world. The car, which is scheduled for launch in India in 2012, would beat India’s largest automaker Tata Motors’ Nano both in terms of pricing and fuel-efficiency, and become the world's cheapest car. Presently, Tata Nano is the world's cheapest car. The car has a starting price of about Rs100,000 ($2,150). When Renault and Bajaj started discussing on their "ultra low-cost" car 2 years ago, it has been revealed that the car would have been priced between $2,500 and $3,000. However, at the World Economic Forum meeting in New Delhi, India, Mr.Ghosn announced that the ultra low-cost car would be cheaper than the Nano.Complete Story » seekingalpha.com |
Solid Quarter for Federal-Mogul: Full Speed Ahead Zacks.com submits: Federal-Mogul Corporation (FDML) has revealed a profit of $46 million or 43 cents per share in the fourth quarter of 2009, in stark contrast to a loss of $532 million or $5.36 per share in the year-ago quarter. The profit also significantly increased from the Zacks Consensus Estimate of 14 cents per share. The improvement was attributable to higher sales and effective restructuring and cost reduction initiatives.Complete Story » seekingalpha.com |
Forward Air Corporation Q1 2010 Earnings Call Transcript Forward Air Corporation (FWRD)Q1 2010 Earnings Call TranscriptComplete Story » seekingalpha.com |
Digging Into On-Time Figures for New York Trains Commuter railroads in the New York City region promote overall on-time figures, but the reality at peak times is different. nytimes.com |
ECOtality, Better Place and Coulomb Energize Electric Car Movement The stock of a small Silicon Valley company that makes charging stations for electric cars has skyrocketed recently as General Motors and Nissan (NSANY.PK) are set to roll out the first large scale production of electric vehicles in U.S. history. The stock of ECOtality (ECTY), which administers an EV charging station pilot program subsidized by the U.S. Department of Energy, rose 46 percent in an eight-day period ending October 14. The San Francisco firm recently unveiled a fast charger called Blink. The 480-volt EV charger can fully recharge a car in 15 to 28 minutes.Complete Story » seekingalpha.com |