Thu, May 21, 1:38 PM
- Reuters reports Mercedes (OTCPK:DDAIF), BMW (OTCPK:BAMXY), and Audi (OTCPK:AUDVF) are partnering with P-E firm General Atlantic to bid for Nokia's (NOK +3.2%) HERE mapping/navigation software unit. Like Bloomberg on Monday, Reuters states HERE could fetch up to $4B.
- One source states General Atlantic would likely take a 30% stake; another states the automakers are each willing to contribute up to $780M towards a bid.
- The automakers, also mentioned in past M&A reports about HERE, have reportedly "made an indicative offer for an undisclosed amount." However, they're waiting for Nokia to respond before deciding whether to up their bid.
- Both Reuters and Bloomberg have reported Baidu, Uber, and P-E firm Apax Partners have launched a separate bid, and that a consortium consisting of Tencent, NavInfo, and Swedish P-E firm EQT Partners has also shown interest.
- Nokia has rallied to its highest levels since late April, when shares plunged in response to the company's Q1 results. All-stock merger partner Alcatel-Lucent (ALU +2.8%) is also higher.
Tue, May 19, 7:36 AM
- BMW (OTCPK:BAMXY) European car registrations +12.0% to 75,581 units in April, according to the European Automobile Manufacturers Association.
- Overall EU registrations +6.9% Y/Y in April, led by a strong month in Germany, the U.K., and Italy. YTD registrations +8.2%.
- BMW market share: 6.2% vs. 6.0% a year ago.
- BMW YTD registrations +11.7%.
- Results include the BMW and Mini brands.
- EAMA release (.pdf)
Wed, May 13, 9:35 AM
Tue, May 12, 7:31 AM
- BMW (OTCPK:BAMXY) reports global deliveries rose 8.4% to 175,972 units in April.
- Deliveries for the BMW brand were up 5.6% to 148,896 units, while Mini saw a 28% Y/Y jump to 26,766 vehicles.
- Sales growth by region: America +12.1%, Asia +5.9%, Europe +8.7%.
- YTD BMW deliveries +8.2% to 702,643 vehicles.
Sat, May 9, 10:55 AM
- Toyota (NYSE:TM) and Mazda (OTCPK:MZDAY) are discussing expanding their existing partnership into fuel cell development, according to Reuters.
- Mazda was toying with building its own fuel cell vehicle before deciding to team up with Toyota.
- Toyota is a leader in the burgeoning hydrogen FCV industry and is sharing some of its patents for free in an effort to see infrastructure build-out expand in key nations.
- Battle lines are still being drawn over the direction of next-gen vehicles with Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) and Hyundai (OTC:HYMLF) more heavily exploring hydrogen fuel cells - while the Detroit Big Three (GM, F, FCAU) and Tesla Motors (NASDAQ:TSLA) have a sharper focus on battery-powered electric vehicles.
- German automakers (OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY) are seen hedging their bets a bit with the group supporting efforts to build out a hydrogen charging network in Germany and selling electric vehicle (PHEV, BEV, hybrids) models at the same time.
- Some analysts think politicians may have the final say. The 2016 U.S. presidential election and the success of Japanese Prime Minister Shinzo Abe are key factors.
- Previously: Millennials have the steering wheel now (Jan. 31)
- Previously: Academic study sees future for clean and cheap hydrogen fuel (April 6)
- Previously: Toyota Mirai coming to U.S. in October (May 6)
- Previously: 500K the talk in electric vehicle industry (May 8)
Wed, May 6, 6:51 AM
- BMW (OTCPK:BAMXY) will wait to see how things progress in Russia before building a new assembly plant in the nation, according to CEO Norbert Reithofer.
- Though most automakers have put the brakes on capacity growth in the region due to the slumping auto market, luxury sellers have fared a little better than their peers.
- BMW reported Q1 results this week.
- The automaker saw revenue increase 14.7% Y/Y to €20.917B ($23.49B) during the quarter.
- BMW Q1 report
Fri, May 1, 12:35 PM
Thu, Apr. 30, 11:08 AM
- A 25-page thesis from Fiat Chrysler Automobiles titled "Confessions of Capital Junkie" presents the case that automakers need to consider consolidating through mergers.
- The automobile industry is set up for failure unless costs from R&D and regulatory changes can be shared on a larger scale, according to the company.
- "Capital consumption rate by OEMs is unacceptable—it is duplicative, does not deliver real value to consumers and is pure economic waste," reads the presentation.
- There's even a slide with a quote from Alice in Wonderland to hammer home the automaker's main points on the need for M&A.
- Today, Ford CEO Mark Fields told CNBC the company isn't looking for a merger within the auto space. Similar comments have been made by execs with General Motors, Nissan, and Toyota in the recent past.
- FCA's industry analysis (.pdf)
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF, OTCPK:MZDAY, TSLA.
Wed, Apr. 22, 7:15 AM
- Audi (OTCQX:VLKAY) expects compact cars to be the main driver for growth in China.
- Execs speaking at the Shanghai Auto Show highlighted the A4 and Q5 models as sitting in the sweet spot for demand with middle-class buyers.
- BMW (OTCPK:BAMXY) plans to become more aggressive in the compact segment with three new models scheduled to be introduced.
Mon, Apr. 20, 8:58 AM
- BMW (OTCPK:BAMXY) has cut back production in China to adjust inventory levels at dealers, according to regional chief Karsten Engel.
- The development follows news over the last few weeks on price cuts from foreign automakers selling in China and gains by domestic companies.
- Related: Chinese automakers pick up domestic SUV market share (Apr. 17 2015)
Sun, Apr. 19, 7:04 AM
Sat, Apr. 18, 9:48 AM
- The roll-out of 4G LTE high-speed wireless connections in all 2016 General Motors (NYSE:GM) models could provide the automaker with new sources of revenue and jump-start tech initiatives of rivals.
- GM sees OnStar 4G leading to e-commerce revenue from transaction splits (fast-food, hotel rooms, entertainment, advertising), services, and data usage.
- Software upgrades pushed out via broadband connections could also save GM money on repair and warranty costs.
- While execs with GM estimate OnStar will generate $350M in profit over the next three years, some analysts have aimed much higher with their projections.
- Gartner sees 10% of all revenue from the automobile industry generated from connected broadband platforms by 2020 - a formidable mark which explains the increasing presence of Apple and Google in the sector.
- Partnerships between Silicon Valley and Detroit are expected to accelerate.
- GM sits in a nice position to defend its turf against the tech heavyweights through its valuable OnStar property - while BMW (OTCPK:BAMXY), Audi (OTCQX:VLKAY), Nissan (OTCPK:NSANY), and Tesla Motors (NASDAQ:TSLA) are also a few steps away from Internet-based revenue streams.
- Other companies which might benefit to a degree from a connected car explosion: MBLY, NVDA, AMBA, SWKS,SBUX, DPZ, T - add your own in the comments.
Fri, Apr. 17, 7:23 AM
- The BMW i3 tops the Kelley Blue Book list of top ten green cars of 2015.
- The EV model has a driving range of 81 miles and a combined fuel efficiency equivalent rating of 124 mpg (combined driving).
- BMW (OTCPK:BAMXY) sold over 2.6K i3 in March across global markets. In the U.S., the i3 has sold better in parts of California, Texas, and Florida than on the East Coast.
Thu, Apr. 16, 9:02 AM
- BMW (OTCPK:BAMXY) car registrations +10.8% to 104,716 units in March, according to the European Automobile Manufacturers Association.
- Overall EU registrations +10.6% Y/Y in March, powered by double-digit growth in Spain, Italy, and France. YTD registrations +8.6%.
- BMW market share: 6.3% vs. 6.3% a year ago.
- BMW YTD registrations +11.6%.
- Results include the BMW and Mini brands.
- EAMA release (.pdf)
Tue, Apr. 14, 6:42 AM| Tue, Apr. 14, 6:42 AM | Comment!
Wed, Apr. 8, 10:24 AM
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