TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Three Main Reasons for GM's Slow Decline Martin Hutchinson submits: U.S. President Barack Obama’s firing of General Motors Corp. (GM) Chief Executive Officer G. Richard Wagoner Jr. may be the beginning of the final act of a long and sad drama - the slow death of GM. The company nameplate may soldier on in some form, but it seems increasingly likely that unless Ford Motor Co. (F) can forever avoid government intervention, the once-unique capabilities of the U.S. automotive industry will be forever lost. In 1970, GM had nearly 60% of the U.S. automobile market, and imports’ share was below 10%. Today, GM’s market share is little more than 20%, and imports and domestically produced automobiles of foreign brands dominate the market.Complete Story » seekingalpha.com |
Robert Reich: What Industrial Policy Should Be Mark Thoma submits: Fighting rather than facilitating structural change is counterproductive. From What Industrial Policy Should Be, by Robert Reich:Complete Story » seekingalpha.com |
A123 Systems Moves Its Planned IPO to the Front Burner John Petersen submits:After six months of regulatory silence and $100 million in new funding, A123 Systems amended the SEC registration statement for its proposed IPO on June 23rd. While this latest filing may simply be A123's way of demonstrating its ability to raise matching funds for a scaled back ATVM loan request of $1 billion and pending applications for $438 million in direct Federal grants, my sense is that the proposed IPO will probably come to market in early September. Since ATVM loans will require 20% cost sharing and direct Federal grants will require 50% cost sharing, the IPO will probably be a good deal larger than the $175 million contemplated by A123's original filing. I'm very interested in A123's IPO for several reasons. First, it will be underwritten by Morgan Stanley (MS), Goldman Sachs (GS), Merrill Lynch (MER) and Lazard, which will give us the first clear picture of how the top-tier investment banks and institutional investors value pure-play energy storage companies.Complete Story » seekingalpha.com |
GM Expects 15% Sales Rise in 2010 Zacks.com submits: General Motors (hereafter GM) has revealed that it anticipates its U.S. sales to surge 15% from 2009 to 2010. The expectation has certainly been boosted by the company’s performance in the Cash for Clunkers program. The program, launched by the U.S. Government in late July, allowed consumers to trade in their old gas-guzzling cars and trucks with a mileage of 18 miles per gallon (mpg) or less for a value of up to $3,500–$4,500. In terms of market share, GM's 17.6% took second place in the program after Toyota (TM) (19.4%). On the back of this overwhelming response in the program, in late August GM revealed its plan to add 60,000 vehicles to its production schedule in the third and fourth quarters and bring back about 1,350 laid-off workers.Complete Story » seekingalpha.com |
AMETEK Inc. Q3 2009 Earnings Conference Call AMETEK Inc. (AME)Q3 2009 Earnings CallOctober 27, 2009 8:30 a.m. ET Complete Story » seekingalpha.com |