Looking ahead, we expect production ramp ups
, especially in aluminum in India and copper in Zambia, and the company's cost reduction initiatives to drive leverage correction towards 5.0x by March 2017, while remaining free cash flow positive.
"The initial production is limited but Apple's been known to do fairly fast ramp ups
in the past.
Sales declines in Russia, a slowdown in passenger car sales expansions in Asia, ramp ups
in production at German automakers' subsidiaries located outside of Germany and rising wage costs in the country will all keep vehicle output subdued.
Oil prices fell to a 14-month low of $101.07 last week as global demand growth weakens, even as production ramp ups
in several places create a glut of oil.
Anil Reddi, director of Porsche India, said, 'With the appointment of six dealers in less than four months, I am pleased to say that this has been one of the fastest business ramp ups
in the luxury automotive sector.
POL has underperformed where market has focused on softer volume growth with delays in TAL Block ramp ups
and accelerated amortization charges related to Domail.
Act partner and senior analyst Kenny Vieth said that while improving trends in trucking are a key component of improving commercial vehicle demand, the transition to new EPA 2010 engines will impact the timing of new order and production ramp ups
. and with production of trucks with pre-mandate engines continuing into the second quarter, Act now projects that the trough for heavy-duty truck build will occur in the third quarter before picking up in the fourth quarter of 2010.
The high prices (many sets exceed $5,000) combined with limited programming options is expected to make this one of the slowest ramp ups
Edam East is another example of the quick ramp ups
that we've come to expect from these developments, which have operating costs amongst the lowest in the industry."
While Libya is a clear negative, I believe Wall Street ignores Conoco's major output ramp ups
in the Bakken, Eagle Ford, the North Sea, Malaysia and China (Bohai Bay).