Ford, Nissan and Mercedes-Benz have announced that they will collaborate to accelerate development of fuel-cell electric vehicles.
The three-way agreement is expected to result in the launch of the "world's first affordable, mass-market fuel-cell electric vehicles" by 2017, as well as signalling to others in the industry that the time has come to invest more heavily in the development of hydrogen infrastructure.
The companies will share the investment costs of a common fuel-cell electric vehicle system equally, with the aim of maximising economies of scale. The work will take place across three continents and the fuel-cell stack and system that results will be used by each company in the launch of what are described as "highly differentiated, separately branded FCEVs, which produce no CO2 emissions while driving".
"We are convinced that fuel-cell vehicles will play a central role for zero-emission mobility in the future," said Thomas Weber, head of research and development and Mercedes-Benz. "Thanks to the high commitment of all three partners we can put fuel-cell e-mobility on a broader basis. This means with this cooperation we will make this technology available for many customers around the globe," .
Raj Nair, group vice president and head of global product development at Ford, added: "We will all benefit from this relationship as the resulting solution will be better than any one company working alone."
JCP was priced for bankruptcy at previous lows. Now with 2 billion in the bank and improving comps we are only $1 and change from the lows. This will explode in your faces when you least expect it. Move on the SHLD if you are smart. JCP taking share from Sears.
Groupon (GRPN) -- Up 142 percent in 2013.
The leading provider of daily deals has stormed back after its disastrous IPO. Groupon's still far removed from its $20 IPO price, but it may get back there soon if its initiatives to grow beyond providing local restaurant, spa, and experience vouchers take off.
Then again, even Groupon's original flash sales are starting to grow again. Wall Street see revenue climbing 15 percent this year with profitability climbing even faster. Groupon's moves to expand into discounted merchandise sales and different kind of coupons are apparently winning over the thrifty -- and it's hard to bet against that kind of momentum.
RadioShack CFO disclosed buying 100K shares at $2.105-2.14 on 3/11, worth ~$200K
09-Mar-14 Conferences 26th Annual Roth Conference (CPST)
Cowen Reaffirms Outperform rating. PT updated to 2.70
Cowen reaffirms its Outperform rating on Capstone Turbine (Nasdaq: CPST) and raises its price target from $1.90 up to $2.70.
Analyst Robert Stone commented, New restrictions on flaring in ND could drive CPST penetration in the Bakken to power well-site equipment and natural gas infrastructure. Orders for two CA hospitals point to big potential for CHP/CCHP systems in that vertical. Transportation is the smallest segment today, but marine and truck applications could be big contributors to 5-year growth.
Last week, the ND Industrial Commission decided that new oil wells must submit a natural gas capturing plan to obtain state approvals. Due to a lack of infrastructure, more than 30% of natural gas in ND is flared (vs. a national average of 1%). CPST could power equipment to liquefy or transport gas. The ND Petroleum Council flaring task force indicated the industry plans to invest $1.7B in infrastructure over the next two years. Oil & Gas is the largest revenue segment for CPST ... but 90% of shale revenue thus far has come from the Marcellus, Eagle Ford, and Utica plays....