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Maxidyne

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Maxidyne last won the day on September 2 2018

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About Maxidyne

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  1. Agreed, I wouldn't want to be a republican now.
  2. GOP, you have a loose cannon...
  3. Explanation I heard from a Mack dealer is that a lot of customers that really should buy a Granite for their vocational/construction/farm application buy a Pinnacle or Anthem instead because they're a couple thousand $$$ cheaper and the "on highway" Pinnacle or Anthem gets a longer warranty than the vocational trucks like the Granite.
  4. Just kidding, a lot of the market for "Flintstones" Macks has gone to the MR, and fiberglass hoods have improved to the point where steel is a less attractive alternative. Steel hoods are aerodynamic disaster areas too, and one of Mack's advantages in the vocational market is the rounded more aerodynamic hood of the Granite. A lot of vocational trucks put on a coupe hundred highway models a day, so an aerodynamic work truck has a big advantage over the primitive designs of some other truck makers.
  5. The electric cars create lots of buzz but low single digit market share. I've seen the 10 billion number in several places, VW Group reportedly spent $25B on their electric car, but it's actually in production. I suspect Ford execs got into electrics when they saw Tesla's stock skyrocket and thought it would do the same for their Ford stock as they approach retirement. Problem is, Tesla's buyers and stockholders are a cult with immense brand loyalty- GM has an electric car available that is the equal of the Tesla Model 3, but it does't sell well because Tesla cultists still think GM is the evil empire that killed the electric car. The cults (Mustang, Tesla, VW, Suburu, Porsche, etc.) make it difficult for a manufacturer to move into new market sectors- Perhaps Ford would be smart to concentrate on their market leaders- F-series, Transits, Mustang, and a new Taurus?
  6. I'd love to see Ford independent and back to it's former glory, but it may be too late- They've blown $10B on the electric "Mustang" but their supplier can only provide 50,000 batteries a year. Another half billion on 'lectric pickup vaporware start up Rivian, can't Ford build an electric pickup nobody wants on their own? The Detroit depot project probably has a couple hundred million already spent and contracted of it's half billion dollar rehab cost, while office space sits empty everywhere. Then there's the $8B of junk bonds Ford sold to the Fed so they can offer 0% loans to try to unload their million vehicle inventory of the wrong vehicles, all while chasing away a couple hundred thousand car customers a year. On paper Ford is already bankrupt, the filing will be just a formality. The Fords would be wise to accept any merger offer they can get from VW Group while they still have a bit of bargaining power to negotiate protection of Ford jobs, product lines, and the Ford heritage.
  7. The Fords and Porsches need to have a proper German family picnic with the best German and Irish foods followed by a night at an Irish pub with the best of each nations libations and do the deal a merge these great automakers! "BREAKINGVIEWS-A Ford-VW tie-up would solve a ton of problems 12:05 PM ET, 05/22/2020 - Reuters (The authors are Reuters Breakingviews columnists. The opinions expressed are their own.) By Antony Currie and Christopher Thompson NEW YORK/LONDON, May 22 (Reuters Breakingviews) - The brouhaha about President Donald Trump not always wearing a mask while visiting a Ford Motor plant on Thursday may provide the carmaker’s embattled boss with a welcome distraction. Friday marks three years since Chief Executive Jim Hackett took the wheel from ousted predecessor Mark Fields – and he has had a rough ride: Ford has lost half its value during his tenure, plummeting to $22 billion, compared to General Motors’ 23% drop. A merger with Volkswagen could be the way forward. The two rivals are already collaborating on electric and autonomous vehicles. It’s a decent way to share the huge costs of developing the next generation of cars. But it doesn’t solve their respective weaknesses. The U.S. market has been $75 billion Volkswagen’s weak link for a long time. In 2019, the German automaker’s market share in light vehicles was a mere 4%, according to Jefferies, including the Porsche and Audi brands. Joining forces with Ford would give the two almost a fifth of U.S. sales, rivaling GM. Ford, meanwhile, has struggled to turn a sustainable profit in Europe and has stumbled in China. By contrast, the latter is VW’s most significant single market, accounting for two-fifths of its global vehicle deliveries. A merger would make the new company the largest carmaker in the world by volumes sold. A deal would be financially compelling, too. Assume a VolksFord combo can cut the same 2.4% of overall costs as Fiat Chrysler Automobiles and Peugeot are for their tie-up. That’d save nearly $10 billion a year. Taxed and capitalized, those could be worth $65 billion once restructuring costs of $14.5 billion are subtracted, equal to around two-thirds of the automakers’ current combined market value. Both companies have convoluted family ownership, though. The Porsche-Piech families hold 53% of VW votes, while the Fords control 40% of the company thanks to supervoting stock. Resolving that to both sides’ satisfaction presents a major stumbling block to striking a deal. Were they to succeed, VW Chair Herbert Diess could end up driving a more powerful model – and Hackett will have found a graceful exit."
  8. Interesting that the big banks seem to be running the automakers these days, advancing credit to suppliers, makers, dealers, and consumers to try to keep sales up and losses down. I sold off a bunch of stocks as the market started to tank and have enough cash to buy a new Mack (but I know better), and have been hunting for a good deal on a new car. But seems most of the incentives offered are zero percent financing, and having paid cash for just about every thing the last few decades the banks know I'm not a credit junkie and won't give me that zero percent financing. I'm in no rush, it's early in this depression and better deals will come and strange deals will happen- For a start, Carl Icahn will probably become the world's largest used car dealer in a few days when Hertz will likely go bankrupt and he's majority shareholder...
  9. One of the measures of good non-partisan leadership is that your getting complaints from both sides, and Governor Walz is getting complaints from the medical professions that he's opening up Minnesota too fast as well as from the right that he's opening up too slow. One of the measures of a good scientist is that they admit the limitations of their ability to forecast, and that's what Governor Walz is doing. This is similar to flood forecasting, where the flood crest forecasts are in ranges of probability because even with supercomputers and thousands of data points the NWS admits their forecasts are "only" 80% accurate 7 days out. When you've got a flood forecast in a week that will cause 100 million in property damage but that loss can be prevented if 100 thousand dollars is spent on sandbags, a good leader buys the sandbags... That's what Governor Walz is doing.
  10. Those were pretty common on Allison equipped trucks.
  11. You don't know Tim Walz, I do. He's a school teacher and National Guard member, became an officer and earned a PHD. If he's taken a stand, there's a good reason for it- He doesn't just take the democratic party position on issues, he takes in the arguments of all sides and then comes up with a position that blends the best of all the arguments. His whole administration is like that- They came up with their own forecasting model that takes into account Minnesota's unique geography and demographics. They sweat the details- Minnesota's Agriculture Department has been helping butchers and small meat processors increase their capacity so farmers have more markets for their livestock when the packing plants were shut down. This is how Minnesota works and why we're one of the most successful states.
  12. The republican Trump administration is currently "in power and in bureaucracies".
  13. What is this "deep state" of which you speak?
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