Tue, May 3, 4:08 AM
- Germany's DAX has dipped below the 10K mark, weighed down by the Q1 results of big corporate names including Lufthansa (OTCQX:DLAKY), BMW (OTCPK:BAMXY) and Commerzbank.
- Pricing pressure took its toll on Lufthansa, driving the airline to scale back its capacity growth plans, as the terror attacks in Paris and Brussels affected bookings.
- BMW managed to beat expectations on its margin level but missed on earnings before interest and tax, as a record quarter for luxury car sales failed to offset currency headwinds.
- DAX -1.6% to 9,950.
- ETFs: EWG, DAX, GF, DXGE, DBGR, HEWG, EWGS, FGM, QDEU
Tue, Feb. 2, 9:00 AM| Tue, Feb. 2, 9:00 AM | 3 Comments
- January monthly performance was: -3.38%
- 52-week performance vs. the S&P 500 is: -10%
- No dividends were paid in January
- Top 10 Holdings as of 12/31/2015: Anheuser-Busch Inbev SA (OTCPK:AHBIF): 6.15%, Siemens AG (OTCPK:SMAWF): 4.85%, Telefonica SA (OTCPK:TEFOF): 4.81%, Daimler AG (OTCPK:DDAIF): 4.71%, Unilever NV DR (OTCPK:UNLNF): 4.61%, Banco Santander SA (OTCPK:BCDRF): 4.3%, Sanofi SA (OTCPK:SNYNF): 4.15%, Banco Bilbao Vizcaya Argentaria SA (BBVA): 3.74%, Bayer AG (OTCPK:BAYZF): 3.24%, Bayerische Motoren Werke AG (OTCPK:BAMXF): 3.18%
Mon, Jan. 4, 9:03 AM| Mon, Jan. 4, 9:03 AM
- December monthly performance was: -7.06%
- 52-week performance vs. the S&P 500 is: -3%
- $4.00 in dividends were paid in December
- Top 10 Holdings as of 11/30/2015: Anheuser-Busch Inbev SA (OTCPK:AHBIF): 6.29%, Siemens AG (OTCPK:SMAWF): 5.08%, Telefonica SA (OTCPK:TEFOF): 5.0%, Daimler AG (OTCPK:DDAIF): 4.75%, Unilever NV DR (OTCPK:UNLNF): 4.58%, Banco Santander SA (OTCPK:BCDRF): 4.38%, Sanofi SA (OTCPK:SNYNF): 4.08%, Banco Bilbao Vizcaya Argentaria SA (BBVA): 4.05%, Bayer AG (OTCPK:BAYZF): 3.34%, Bayerische Motoren Werke AG (OTCPK:BAMXF): 3.23%
Dec. 4, 2015, 8:58 AM
- Nokia (NYSE:NOK) has completed the sale of its HERE mapping business to a consortium of German carmakers, including BMW (OTCPK:BAMXY), Daimler (OTCPK:DDAIY) and Audi (OTCPK:AUDVF).
- The transaction valued HERE at an enterprise value of €2.8B, subject to certain purchase price adjustments.
- Based on the current estimates of such adjustments, Nokia received net proceeds from the transaction of approximately €2.55B at closing.
- Previously: Nokia sells HERE maps unit for $3.07B (Aug. 03 2015)
Dec. 1, 2015, 9:28 AM| Dec. 1, 2015, 9:28 AM
- November monthly performance was: +3.16%
- 52-week performance vs. the S&P 500 is: +4%
- No dividends were paid in November
- Top 10 Holdings as of 10/30/2015: Anheuser-Busch Inbev SA (OTCPK:AHBIF): 5.8%, Telefonica SA (OTCPK:TEFOF): 5.32%, Siemens AG (OTCPK:SMAWF): 4.93%, Unilever NV DR (OTCPK:UNLNF): 4.72%, Sanofi (OTCPK:SNYNF): 4.61%, Daimler AG (OTCPK:DDAIF): 4.55%, Banco Santander SA (OTCPK:BCDRF): 4.41%, Banco Bilbao Vizcaya Argentaria SA (BBVA): 4.24%, Bayer AG (OTCPK:BAYZF): 3.33%, Bayerische Motoren Werke AG (OTCPK:BAMXF): 3.06%
Nov. 18, 2015, 5:16 AM
- Ford (NYSE:F) is set to unveil the latest version of its luxury car the Lincoln MKZ at the Los Angeles Auto Show later today.
- The 2017 MKZ features a new grille design, a three-liter turbo-charged engine, 400 horsepower vs 300 HP on the current model, and an all-wheel drive system.
- Ford has also installed a new interior look and will offer optional crash-avoidance technology and a feature that will automatically slow and accelerate the car in traffic.
- The MKZ competes with GM's (NYSE:GM) Cadillac ATS, BMW's (OTCPK:BAMXF) 3-series, Daimler's (OTCPK:DDAIF) Mercedes-Benz C-Class and Audi's (OTCQX:VLKAF) A4 in the $36,000-$50,000 price category.
Sep. 24, 2015, 4:53 AM
- A report this morning in Auto Bild says BMW's X3 exceeds ICCT nitrogen oxide levels by more than 11 times.
- On the other hand, ICCT CEO Peter Mock told Spiegel yesterday that BMW's X5 achieved "good results," leading SA author Jonathan Weber to recommend buying BMW shares which are down 10% since the VW scandal broke.
- BMW -2.8% in Paris this morning.
Sep. 16, 2015, 2:15 AM
- Automakers are continuing to reposition themselves for the advent of driverless cars as competition heats up to develop a fully autonomous vehicle.
- Google named industry veteran John Krafcik CEO of its self-driving car project on Monday, and other carmakers are snapping up software experts to refocus their products and business models.
- New developments: BMW (OTCPK:BAMXY) is testing a driveless taxi/car-sharing project, while Mercedes-Benz (OTCPK:DDAIF) is considering a similar limousine service.
Jul. 21, 2015, 11:32 AM
- The WSJ and Germany's Manager Magazin report Nokia (NOK -0.7%) has reached a deal with a consortium featuring Daimler (OTCPK:DDAIY), BMW (OTCPK:BAMXY), and Audi (OTCPK:AUDVF) to sell its HERE mapping/navigation software unit for about €2.5B ($2.72B).
- The deal will reportedly be finalized by month's end, with the automakers subsequently running HERE, the top player in the automotive navigation software space, as an open platform. The reported sale price is less than the ~$4B Nokia was believed to be seeking.
- With HERE having 2014 revenue of €969M (+6% Y/Y), Nokia appears to be selling the unit for roughly 2.6x trailing sales. Bloomberg reported overnight Nokia and the automakers were close to a deal.
- Update: More details from the WSJ. Sources state the automakers "intend to purchase all of Nokia Here and then invite other global auto makers to take stakes in the company."
- Update 2: Reuters reports a deal worth between €2.5B-€3B is close, while adding the issue of patent ownership still needs to be worked out. The automakers want full ownership of Nokia's mapping patents; Nokia wants to keep control of some of the patents related to "how mobile devices connect to networks."
Jul. 9, 2015, 4:10 AM
- With rival offers unraveling, Germany's big car makers have reached a stand-off with Nokia (NYSE:NOK) in their joint bid to buy the latter's maps business HERE, Reuters reports.
- BMW (OTCPK:BAMXY), Daimler (OTCPK:DDAIY) and Volkswagen (OTCQX:VLKAY) are feeling less pressure to pay a high price for HERE, amid signs that rival bidders such as Uber (Pending:UBER) have dropped out of the race.
- Analysts estimate the value of the mapping unit at €2B-€4B.
- Previously: Bloomberg: Nokia wants to sell HERE to German automakers for ~$4B (Jun. 18 2015)
Jun. 25, 2015, 1:55 AM
- Ford (NYSE:F) is not the only one jumping into the car-sharing space. General Motors (NYSE:GM) and BMW (OTCPK:BAMXY) have now announced Airbnb-style schemes, which will allow car owners to earn money by renting out their new vehicles to other drivers.
- "Society and the automotive industry are undergoing radical change," said Peter Schwarzenbauer, member of the BMW board for the British brands Mini and Rolls-Royce.
- Previously: Ford joins car-sharing business (Jun. 24 2015)
Apr. 19, 2015, 7:04 AM
Apr. 2, 2015, 1:30 PM
- A running scorecard of U.S. plug-in electric vehicle sales is being tracked by InsideEVs.com.
- A final tally is expected tomorrow.
- Sales by model as reported: Tesla Model S 2,450 (estimated), Nissan Leaf 1,850, BMW i3 950, Chevrolet Volt 639, Toyota Prius PHV 473, Volkswagen e-Golf 195, Mercedes-Benz B-Class ED 145, BMW i8 143, Cadillac ELR 92.
- Related stocks: TSLA, OTCPK:NSANY, OTCPK:BAMXY, OTCPK:BAMXF, GM, TM, OTCPK:DDAIF.
- EV sales were reported at 12,998 units through February compared to 13,021 a year ago after two months.
Mar. 30, 2015, 8:59 AM
Mar. 24, 2015, 9:03 AM
- BMW (OTCPK:BAMXY, OTCPK:BAMXF) Chairman Dr. Norbert Reithofer gave a speech in Munich in which he stated that sales of electric vehicles are clearly connected to political initiatives.
- "Wherever governments offer tangible incentives for e-mobility, the registration figures for the BMW i3 soar," noted Reithofer.
- A statistic which supports the claim is that the automaker sold more i3s in California last year than in all of Germany.
- A company target to keep EBIT margin in a range of 8% to 10% was reiterated during the presentation.
Jan. 9, 2015, 4:38 AM
- German automakers had a great year in 2014 despite stiff competition in the growing market for luxury cars and SUVs.
- BMW's (OTCPK:BAMXY) vehicle sales soared past the 2M mark for the first time last year, as deliveries of its BMW, Mini and Rolls-Royce brands rose 7.9% to 2.12M cars.
- Volkswagen’s (OTCQX:VLKAY) Porsche brand also sold more cars than ever in 2014, delivering 190K vehicles to customers, and reporting a 17% rise in annual sales.
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Sector: Consumer Goods
Industry: Trucks & Other Vehicles
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