GM to Build Electric Motors for Hybrid Cars in Maryland
Foreseeing a bright future in electric and hybrid vehicles, General Motors said Tuesday it will spend $246 million to expand a Baltimore-area factory to manufacture electric motors for its next generation of large hybrid vehicles beginning in 2013. The project will result in an additional 200 jobs at the plant, which currently makes transmissions for GM’s full-size hybrid trucks, such as the Chevrolet Silverado.
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GM to Build Electric Motors for Hybrid Cars in Maryland originally appeared on DailyFinance on Tue, 26 Jan 2010 11:50:00.
Filed Under: Company News, Technology, General Motors, Autos
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GM to Build Electric Motors for Hybrid Cars in Maryland
Tags: 1-4-trillion, a-bright-future, additional-200, autos, baltimore-area, chevrolet, consumer confidence, entry, luv, motors, next-generation, revised-53-6, technology, tuesday-it-will
U.S. Home Prices Rise for Sixth Straight Month
Jan 26, 2010 Object
The U.S. housing sector’s long, slow journey to health continues, as U.S. home prices in 20 cities rose for the sixth straight month, inching up 0.2% on a seasonally adjusted basis, according to the S&P/Case-Shiller U.S. National Home Price survey.
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U.S. Home Prices Rise for Sixth Straight Month originally appeared on DailyFinance on Tue, 26 Jan 2010 11:30:00.
Filed Under: Economy, Real Estate
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U.S. Home Prices Rise for Sixth Straight Month
Tags: a-bright-future, filed-under, home prices, luv, month, national-home, next-generation, originally-appeared, sixth, sixth-straight, technology
By the Numbers - October 2009: Green is Growing Edition
Nov 3, 2009 Object
Filed under: By the Numbers
Hyundai, Kia and Subaru all report +40% increase in sales
If you’ve been paying attention to recent editions of By the Numbers, you’ll have noticed that the amount of green on our chart below is growing. Month after month, more and more brands and manufacturers are managing to produce sales numbers that exceed the same month last year.
For October 2009, the list is topped by three familiar players: Hyundai (+49%), Kia (+45%) and Subaru (+41%). The South Koreans and this lone Japanese brand have bucked the trend all year, and now that other brands are beginning to sell relatively well, they are distancing themselves from the pack even further.
Their success shouldn’t overshadow the rest of the industry, though, which includes many players surprisingly high on our chart. All four “Core” brands of General Motors (Chevrolet, Buick, Cadillac and GMC) posted positive numbers, and GM as a whole, which still counts sales from “non-Core” brands like Hummer, Pontiac, Saab and Saturn, managed to post a 4.1% gain in sales. Likewise, the Ford brand (+3.6%) and Ford Motor Company (+3%) both reported sales gains versus October of last year. The rest of the big Japanese manufacturers, meanwhile, were close behind but didn’t quite manage to earn a green cell this month, while the Chrysler Group LLC landed farthest off the mark with a drop of 30.4%.
Have industry sales turned the corner? Are we headed into a bright future of 14+ million sales per year and green cells for every automaker? Hardly, though it’s increasingly clear that new product, being competitive in key segments, and creative marketing and incentives are the best recipe for climbing out of the red.
| Brand | Volume % | 10/09 | 10/08 | DSR*% | DSR 10/09 | DSR 10/08 |
| Hyundai | 48.92 | 31,005 | 20,820 | 43.60 | 1,107 | 771 |
| Kia | 45.26 | 22,490 | 15,483 | 40.07 | 803 | 573 |
| Subaru | 40.66 | 18,169 | 12,917 | 35.64 | 649 | 478 |
| Cadillac | 21.60 | 11,602 | 9,541 | 17.26 | 414 | 353 |
| Mercedes-Benz | 21.32 | 18,193 | 14,996 | 16.99 | 650 | 555 |
| GMC | 20.44 | 25,423 | 21,109 | 16.14 | 908 | 782 |
| Lexus | 19.77 | 19,502 | 16,283 | 15.49 | 697 | 603 |
| Volvo | 19.37 | 4,437 | 3,717 | 15.11 | 158 | 138 |
| Buick | 18.46 | 9,053 | 7,642 | 14.23 | 323 | 283 |
| Porsche | 15.07 | 1,642 | 1,427 | 10.96 | 59 | 53 |
| Chevrolet | 8.50 | 116,436 | 107,313 | 4.63 | 4,158 | 3,975 |
| Nissan | 7.69 | 53,664 | 49,833 | 3.84 | 1,917 | 1,846 |
| Volkswagen | 7.23 | 17,037 | 15,889 | 3.40 | 608 | 588 |
| Ford | 3.57 | 119,072 | 114,969 | -0.13 | 4,253 | 4,258 |
| Honda | -0.01 | 75,751 | 75,756 | -3.58 | 2,705 | 2,806 |
| Mercury | -1.14 | 6,676 | 6,753 | -4.67 | 238 | 250 |
| Audi | -1.14 | 7,358 | 7,443 | -4.67 | 263 | 276 |
| Toyota | -2.32 | 132,663 | 135,818 | -5.81 | 4,738 | 5,030 |
| Acura | -3.53 | 9,751 | 10,108 | -6.98 | 348 | 374 |
| Lincoln | -8.97 | 6,735 | 7,399 | -12.23 | 241 | 274 |
| Infiniti | -9.29 | 6,451 | 7,112 | -12.53 | 230 | 263 |
| Pontiac | -18.45 | 10,646 | 13,054 | -21.36 | 380 | 483 |
| BMW | -18.61 | 16,443 | 20,203 | -21.52 | 587 | 748 |
| Mini | -20.79 | 4,176 | 5,272 | -23.62 | 149 | 195 |
| Dodge | -22.21 | 26,265 | 33,763 | -24.99 | 938 | 1250 |
| Chrysler | -35.61 | 12,815 | 19,903 | -37.91 | 458 | 737 |
| Jeep | -36.80 | 13,500 | 21,360 | -39.05 | 482 | 791 |
| Mitsubishi | -48.34 | 3,867 | 7,486 | -50.19 | 138 | 277 |
| Suzuki | -49.89 | 1,745 | 3,482 | -51.67 | 62 | 129 |
| Saturn | -57.79 | 3,623 | 8,583 | -59.30 | 129 | 318 |
| Smart | -70.44 | 661 | 2,236 | -71.49 | 24 | 83 |
| Saab | -74.03 | 513 | 1,975 | -74.95 | 18 | 73 |
| Hummer | -77.56 | 307 | 1,368 | -78.36 | 11 | 51 |
| Mazda | N/A | N/A | N/A | N/A | N/A | N/A |
| COMPANIES | ||||||
| General Motors | 4.11 | 177,603 | 170,585 | 0.40 | 6,343 | 6,318 |
| Ford Motor Company | 3.07 | 136,920 | 132,838 | -0.61 | 4,890 | 4,920 |
| Nissan NA | 0.28 | 60,115 | 59,945 | -3.30 | 2,147 | 2,220 |
| Toyota Mo Co | 0.04 | 152,165 | 152,101 | -3.53 | 5,434 | 5,633 |
| American Honda | -0.42 | 85,502 | 85,864 | -3.98 | 3,054 | 3,180 |
| BMW Group | -19.06 | 20,619 | 25,475 | -21.95 | 736 | 944 |
| Chrysler Group LLC | -30.39 | 65,803 | 94,530 | -32.88 | 2,350 | 3,501 |
*Brands and companies are both displayed in descending order according to their percentage change in volume sales. There were 28 selling days in October 2009 and 27 selling days in October 2008, so the change in monthly sales volume will be different than the change in the average daily sales rate (DSR) for each brand/company.
By the Numbers - October 2009: Green is Growing Edition originally appeared on Autoblog on Tue, 03 Nov 2009 18:39:00 EST. Please see our terms for use of feeds.
Tags: a-bright-future, a-friend-via, a-green-cell, auto sales october 2009, autosalesoctober2009, change, chrysler-group, entry, featured, general-motors, green, japanese, numbers, october, salesoctober2009
BP gushes on earnings but shares and dividend still look good
Filed under: Company News, Investing, Earnings, Stock Picks
No doubt the global recession has been tough on energy companies, but now that oil is back at $80 a barrel, well, it’s hard to have much sympathy. Still, if you can’t beat ‘em, join ‘em. BP (BP), as one of the world’s largest integrated oil and gas companies, has a bright future, thanks to inexorably rising demand.
The energy giant reported a quarterly profit Tuesday that easily surpassed analysts’ expectations. That sent shares up sharply, but they still offer a compelling value. On a forward earnings basis, the stock trades at about a 50 percent discount to the broader market, according to Thomson Reuters, while historically being about 25 percent less volatile. That makes for an intriguing risk-reward scenario.
Continue reading BP gushes on earnings but shares and dividend still look good
BP gushes on earnings but shares and dividend still look good originally appeared on DailyFinance on Tue, 27 Oct 2009 14:45:00 EST. Please see our terms for use of feeds.
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BP gushes on earnings but shares and dividend still look good
Tags: a-bright-future, broader, chinese, dividend, google, holiday-parties, news, shares-and, value investing, world
McDonald’s says goodbye to Iceland, land of fire and ice (but not fries)
Filed under: Economy, McDonald’s
On Tuesday, McDonald’s (MCD) announced its plans to leave Iceland. This weekend, the global restaurant’s three franchises, all located in Reykjavik, will close their doors, as the country’s weak economy has made Big Mac’s prohibitively expensive.
McDonald’s has only been in Iceland for a few years. The first golden arches arrived on the island in 1993, and then-Prime Minister David Oddsson ate the country’s first Big Mac. Ironically, the Big Mac outlasted Oddsson by a few months; the Prime Minister later went on to become governor of the country’s central bank, but was fired by Iceland’s Parliament in February of this year.
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McDonald’s says goodbye to Iceland, land of fire and ice (but not fries) originally appeared on DailyFinance on Tue, 27 Oct 2009 14:15:00 EST. Please see our terms for use of feeds.
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McDonald’s says goodbye to Iceland, land of fire and ice (but not fries)
Tags: a-bright-future, a-few-years, a-friend-via, bigmac, bolivia, broader, chinese, dividend, entry, global, holiday-parties, norway, shares-and, the-country-, world
Obama’s smart grid funding leaves California out in the cold
Oct 27, 2009 Object
Filed under: Energy, Technology
President Barack Obama announced today that he is pushing out $3.4 billion in stimulus spending to fund the development and construction of the much vaunted “smart grid.” Significant portions of the funding will go toward subsidizing so-called smart electrical meters for large utilities. Utilities in Florida and Maryland are set to get multi-hundred million dollar grants to underwrite smart meters and other infrastructure upgrades.
But a quick read of the stimulus list implies that the government will inadvertently penalize some utilities that have already moved quickly to build smart meter programs. The biggest loser of all? California. Big utilities in the Golden State got more or less shut of funding awards from Washington D.C. on this round, according to blog Earth2Tech.
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Obama’s smart grid funding leaves California out in the cold originally appeared on DailyFinance on Tue, 27 Oct 2009 13:30:00 EST. Please see our terms for use of feeds.
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Obama’s smart grid funding leaves California out in the cold
Tags: a-bright-future, cold, energy, entry, florida, golden-state, holiday-parties, more-or-less, norway, power, smart, stimulus, technology, utilities, world
