TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| GMAC/Chrysler Financial: What's the End Game? Tom Lindmark submits:The auto bailout/nationalization get weirder/scarier with each day. It seems now that plans are afoot to combine GMAC and Chrysler Financial. From the WSJ:Complete Story » seekingalpha.com |
GM's Use of Bailout Money: What Else Aren't They Telling Us? Tom Lindmark submits:What else haven’t they told us? The WSJ is reporting that GM plans to use some of the $30 billion of DIP loans it’s set to receive from the Government to finance the the leveraged buyout of auto-parts company Delphi. This transaction is part of the GM viability plan that the government’s auto task force and GM jointly created. In other words, the Obama administration has known about this from the get go. From the WSJ:Complete Story » seekingalpha.com |
Lessons from Germany's Cash for Clunkers Ryan Avent submits: Does the Cash for Clunkers program succeed in creating new sales, or does it just alter the timing of sales that were going to happen anyway? Here's evidence from Germany's version of the policy:In Germany the government-promoted auto boom is gradually coming to an end. Thanks to cash for clunkers (Abwrackprämie) the number of new-car sales in July was, at 340,000 vehicles, still 30% higher than the previous year's level, reported the Federal Motor Vehicle Office (Kraftfahrt-Bundesamt) Tuesday in Flensburg. In June, however, the increase amounted to 40%.Complete Story » seekingalpha.com |
September Auto Sales: Muted Hangover Effect Wall Street Strategies submits:During August we had the cash for clunkers program, and many (yours truly included) expected to see a difficult month for the auto industry during September. What I didn't expect was all the company driven incentive programs (not dealership) that were instituted during the month. General Motors has its new 60 day money back guarantee and Hyundai has its own little cash for clunkers program running. Ford (F) posted a stronger than expected result while General Motors and Chrysler were again weak, with sales dropping 45% and 42% respectively.Complete Story » seekingalpha.com |
Ford's Plan to Undercut GM's Volt Greentech Media submits: by Michael KanellosDearborn, MI--We will likely have a spirited debate over plug-in hybrid philosophy after all.Complete Story » seekingalpha.com |