Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Best of the Blogs, Transportation: Ford Fails to Find Demand for Purebred Electrics


Plus, GM targets quick turnaround in struggling European division.

This column highlights the most interesting and useful business and financial commentary on transportation from around the Web.

The Detroit News: Autos
Link: Ford Sells 38 Electric Focus Cars in July as EVs Continue to Be Tough Sell

"Ford Motor Co. (F) sold 38 electric Ford Focus cars in July - the latest sign of slow EV sales in the United States.

"The Dearborn automaker said sales of Focus EVs fell by more than half over the 89 sold in June.

"In seven months, Ford has sold just 135 Focus EVs - including zero in February, March or April."

The New York Times Global Edition
Link: After a Loss, GM Plans Fast Action in Europe

"General Motors (GM) vowed Thursday to accelerate changes at its troubled European division after a loss in the region dragged down the company's profit by 41 percent in the second quarter.

"GM said its net income in the quarter fell to $1.48 billion, from $2.52 billion in the same period a year earlier. While the company's North American and Asian businesses posted strong results, it lost $361 million in Europe compared to an operating profit of $102 million a year ago."

Link: American Reaches Deal to Sell Preferred Seats via Priceline

"American Airlines (AAMRQ) unveiled a seat-selection service Monday that is available at (PCLN), in a rare example of an extra choice at a web site that compares tickets.

"The service called Preferred Seats allows a customer to select a more desirable seat in the front of a cabin starting at $4 per flight. American is offering a 25% discount through Aug. 5, to introduce the option."
Link: Is Lamborghini the Real Owner of Ducati?

"Will the real owner of Ducati please stand up? It seems things are not as cut-and-dry as we once understood. Audi (NSU.DE) has just released its 2012 Interim Financial Report, and there is an interesting little bit on its acquisition of Ducati. It seems that not only was the performance motorbike producer purchased for less than previously stated, but it's technically not even owned by Audi."

National Journal: Transportation Experts Blog
Link: Transportation Is a Civil Right

"The Bus Riders Union and several other civil rights organizations took to the streets in Los Angeles last week, saying the Los Angeles County Metropolitan Transportation Authority should restore 1 million hours of bus service that were lost over the last four years. The union charges that the cuts in service, along with fare increases, have disproportionately harmed 500,000 African-American, Latino, and Asian-Pacific Islander bus riders."

< Previous
  • 1
Next >
No positions in stocks mentioned.
Featured Videos