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Friday, May 16, 2008

Gm Comeback ?? Volt Car ???

In the biggest news since the initial concept announcement, GM vice-chairman Bob Lutz confirmed that in fact the first Chevy Volt prototype, with the full lithium-ion battery pack has hit the test track.
He said “It is reliably meeting its objectives. Even with a rough calibration, even with the wrong drive unit, the wrong body, etc. etc., it has been hitting its 40 miles on electric power.”
He specifically confirmed the dynamometer tests have been successful even under various thermal conditions.
He even went so far as to say “I can almost say the battery is the least of our problems,”
He further explains that much of the engineering challenge ahead has to do with software, figuring out how and when the engine should kick in for example.
He notes that he is much more confident in the November 2010 deadline. He talks about Volt vehicle line executive Frank Weber in the following way:
“Three months ago if you asked Frank Weber ’so November 2010?’ he’d get flustered and say he wouldn’t answer until he knew more, now if you ask him the same question, he’s calm and relaxed and says unless we encounter some completely unforeseen obstacle - November 2010 looks good.”
Finally he confirms that CEO Wagoner is as involved in the Volt project just as much as he is, confirming extreme interest in it straight from the top.
Source (Autoobserver)

Friday, May 2, 2008

Seven Summits Research Releases Comments on RIMM, T, SHLD, YUM, and CTX

Seven Summits Research Releases Comments on RIMM, T, SHLD, YUM, and CTX

Seven Summits Research Releases Comments on RIMM, T, SHLD, YUM, and CTX
CHICAGO, May 1 /PRNewswire/ -- Seven Summits Research releases
NewsBites on key stocks.
Seven Summits Strategic Investments NewsBites are available to all
investors at: (Note: You may have to copy this link
into your browser then press the [ENTER] key.)
Today's Seven Summits Strategic Investments NewsBites cover the
following stocks: Research In Motion Ltd. (Nasdaq: RIMM), AT&T Inc. (NYSE:
T), Sears Holdings Corporation (Nasdaq: SHLD), Yum! Brands Inc. (NYSE:
YUM), and Centex Corporation (NYSE: CTX).
These brief stock reports may contain details regarding recent or
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trades, upgrades, downgrades, and other news from our network of
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both the expert and the novice investor who wants to stay ahead of the
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