The Prez visiting JCI transit on displayI averaged down a little today should see a bounce over the next few days then I can recoup some of my losses
Azure Dynamics Corporation (TSX: AZD)(OTC: AZDDF) ("Azure" or the "Company"), a world leader in the development and production of hybrid electric and electric components and powertrain systems for light and medium duty commercial vehicles, as previously announced, plans to release its second quarter 2011 earnings on Thursday, August 11(th) after the financial markets close. The related conference call has been rescheduled to Friday, August 12(th), at 9:00 a.m. EDT due to President Obama visiting Azure's battery supplier, Johnson Controls, on August 11, 2011, for which Azure's CEO, Scott Harrison, has been invited to attend.
While at the new Johnson Controls battery facility, it is expected that the President "will highlight the key role innovative technologies will play in helping automakers achieve the historic fuel economy standards, establishing U.S. leadership in advanced vehicle manufacturing, spurring economic growth and creating high-quality domestic jobs in cutting edge industries across America," a White House official said.
As part of the event at the Holland, Michigan advanced battery facility, three Azure vehicles will be on display, two Transit Connect Electric vans and a Balance(TM) Hybrid Electric Shuttle Bus.
President Obama and automakers reached a deal last week to double fuel efficiency standards to 54.5 mpg for cars and light duty trucks by 2025, and today, President Obama introduced the long-awaited regulations establishing fuel economy standards for commercial trucks. The new regulations require commercial vehicles to reduce fuel consumption and greenhouse gas emissions by as much as 15% by 2018.