Yesterday, 2:41 PM
- There's almost no chance that the automobile industry won't be a major talking point during the U.S. presidential election campaign which adds a layer of uncertainty for investors in the sector.
- While the ramifications of the Trans-Pacific Partnership and Donald Trump's plan to add tariffs on foreign car makers and auto parts suppliers are already being debated, it's the union workers who may be the target of the most discussion in the next few months with Michigan, Ohio, and Pennsylvania considered critical battleground stocks.
- The United Auto Workers endorsed Hillary Clinton and expects her to renegotiate the North American Free Trade Agreement to help land stronger unions in Mexico, while Trump has taken a more populist route of promising to add tariffs on Ford for cars built in Mexico. He's also hammering home that he will force better trade deals, but is walking a tightrope with some Rust Belt voters after suggesting that local plants should be closed and moved to states with lower wages.
- Most analysts think it's more likely that the $7,500 electric vehicle tax credit will expire if Trump wins the election than if Clinton ascends to the White House. The EPA and some its regulations are also sure to get a hard look.
- Investors are looking for a breakout after the dust settles, with the Detroit Three all trailing the S&P 500 Index return for the year.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY.
Tue, Jul. 19, 3:14 PM
- BMW (OTCPK:BAMXY) says it will delay the launch of its 2017 diesel models in the U.S. while it waits for U.S. regulators to clear the vehicles.
- U.S. regulators are taking a more extensive look at German diesels in the wake of the Volkswagen emissions cheating scandal.
- The development pushes back the debut dates for the 328d sedan, 328d sports wagon, X3 xDrive28d, and X5 xDrive35d.
Fri, Jul. 15, 7:47 AM
- BMW (OTCPK:BAMXY) car registrations +15.7% to 106,527 units in June, according to the European Automobile Manufacturers Association.
- Overall EU registrations +6.9% Y/Y to 1,459,508 units in June, led by double-digit gains in Italy and Spain. Registrations were up 8% in Germany, while falling slightly in the U.K.
- BMW market share: 7.1% vs. 6.5% a year ago.
- BMW YTD registrations +14.0%.
- Results include the BMW and Mini brands.
- EAMA release (.pdf)
Tue, Jul. 12, 12:14 PM
- LMC Automotive revises its forecast on U.S. automobile sales for the period from 2016 to 2023.
- The research firm cuts its estimate for 2016 to 17.4M units from 17.7M units, with the level of retail sales being adjusted to 14.3M units from 14.0M units.
- "Our latest forecast now reflects the reality that the growth track that the US market has been on since 2009 has stalled and appears to be levelling off, but it does not necessarily signal that further contractions or an automotive recession is imminent," says LMC's Jeff Schuster.
- The extended forecast is for a slow climb to an annual selling level of 18M in 2021.
- LMC Automotive forecast (.pdf)
- Related stocks: GM, F, FCAU, TSLA, TM, HMC, OTCPK:NSANY, OTCPK:FUJHY, OTCPK:BAMXY, OTCPK:DDAIF, OTC:HYMLF, HMC, TTM.
Fri, Jul. 8, 11:16 AM
- A thoughtful piece in Scientific American take a look at the technological challenges in delivering automated driving services.
- An electrical engineer at Carnegie-Mellon notes that the vision systems of today's automated test cars are imperfect by a "very good" margin. A mobility expert at the University of California concurs, while adding that drivers may be overestimating their car's automated capabilities due to the use of terms such as "autopilot" and "self-driving." A refined system of cameras, sensors, and radar is still believed by some engineers to be a few years off.
- Alphabet's (GOOG, [[GOOGL]) top exec in charge of the company's self-driving initiative seemed to back the view of the scientists in his recent testimony to Congress. "We saw in our own testing that the human drivers can’t always be trusted to dip in and out of the task of driving when the car is encouraging them to sit back and relax," he stated.
- Related stocks: OTCPK:BAMXY, GM, OTCPK:DDAIF, MBLY, FCAU, TSLA, F, OTCPK:NSANY, TM, HMC.
Wed, Jul. 6, 9:28 AM
- It's another shocking breach of trust in the automobile sector after PSA Group (OTCPK:PEUGF, OTC:PUGOF, OTC:PUGOF) confirms that advertised fuel economy ratings on Peugeot and Citroen models don't match up with reality (off by 44% on average). Bloomberg reports that it's the first time a major automaker has confirmed a discrepancy between lab results and actual road tests across a broad range of cars.
- Official PSA lab results
- Recent failures in the automobile industry include inflated mileage claims from the South Korean automakers, the Takata disaster which deeply impacted Japanese cars, GM's costly ignition switch recall, and the topper in terms of subterfuge - Volkswagen's emissions cheating saga.
- Some automobile industry analysts have suggested that buyers are scandal-weary and are unlikely to factor in the reputation hits in their buying decisions.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BAMXY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, OTCPK:FUJHY, OTCPK:SZKMY, TSLA, OTCPK:MMTOF, OTC:HYMLF.
Fri, Jul. 1, 3:53 PM
- BMW (OTCPK:BAMXF +4.4%) unit sales -11.9% to 33,769 vehicles.
- By brand: BMW -10.3% to 28,855 vehicles; Mini -20.4% to 4,914 vehicles.
- BMW passenger cars: -2.8% to 19.959 units.
- BMW light trucks: -23.6% to 8,896 units.
- Vehicle highlights included 7 Series (up 69.2%), 2 Series (up 139.4%) and X3 (up 69.5%).
- YTD BMW U.S. sales -9% to 153,436 units.
Thu, Jun. 30, 3:41 AM
Tue, Jun. 21, 7:18 AM
- BMW (OTCPK:BAMXY) tips off that it may stay active in acquiring technology startups as it preps for the development of next-gen vehicles. The company's iVentures recently took a minority stake in RideCell.
- "There's a power play going on with other companies buying up software competencies at a fast clip," says BMW Head of Development Klaus Froehlich
- BMW has a focus on not falling behind in the self-driving car and ride sharing push. Froehlich notes the company that can offer driverless ride sharing cheaply will dominate the market.
Mon, Jun. 20, 10:31 AM
- Automaker stocks are taking news of increased support for the U.K. staying in the EU extremely well. The sector is considered sensitive to F/X disruptions due to the large footprint of the major manufacturers.
- This year has seen strong demand in Europe and better-than-anticipated volume numbers from China support aggressive plans for capacity in the industry and far-reaching R&D initiatives. Despite some bottom-line improvement, Detroit automaker Ford (F +2%) and General Motors (GM +2.2%) still trail the S&P 500 Index for the year and trade with single-digit PE ratios.
- Gainers today include Fiat Chrysler Automobiles (FCAU +5%), BMW (OTCPK:BAMXY) +5.1%, Daimler (OTCPK:DDAIF) +3.9%, Toyota (TM +3.6%), Tata Motors (TTM +3%), and Nissan (OTCPK:NSANY +3.2%).
Thu, Jun. 16, 7:41 AM
- BMW (OTCPK:BAMXY) car registrations +20.4% to 87,713 units in May, according to the European Automobile Manufacturers Association.
- Overall EU registrations +16% Y/Y to 1,288,220 units in May, led by +20% gains in Italy, France, and Spain. Registrations were up 12% in Germany and 3% in the U.K.
- BMW market share: 6.6% vs. 6.3% a year ago.
- BMW YTD registrations +13.5%.
- Results include the BMW and Mini brands.
- EAMA release (.pdf)
Mon, Jun. 13, 6:39 PM
- Deliveries in China rose 11% Y/Y in May to 1.79M units, according to the China Association of Automobile Manufacturers. Total deliveries including commercial vehicles were up 10% to around 2M units.
- SUV demand was strong again, with deliveries up 36% during the month to 627K units.
- Dealer inventory fell to an average of 1.54 months from 1.55, but still stands above the 1.50 mark which is considered the beginning of a high level of inventory.
- The May tally is considered significant coming on the heels of the Beijing Auto Show in April when some new models were introduced.
- Previous on China May auto sales: Ford, GM, Mercedes-Benz.
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BAMXY.
Sat, Jun. 11, 9:34 AM
- Electric vehicles remain in focus with German automakers as the Volkswagen scandal continues to throw a spotlight on diesel emissions. There's also a touch more of reality on an EV future after German Chancellor Angela Merkel’s government backed a joint deal with automakers to invest heavily in incentives.
- Daimler (OTCPK:DDAIF) plans to unveil its long-range Mercedes-Benz electric vehicle at the Paris Auto Show in October. Sales of the Mercedes EV are expected to start in 2019.
- Audi aims to introduce a new EV model every year beginning in 2018. Electric crossovers and SUVs are a major part of Audi's strategy.
- A new all-electric flagship sedan is expected out of BMW (OTCPK:BAMXY) in 2021. In the meantime, BMW stepped up the driving range of its i3 with the 2017 model (114 miles). A two-pronged attack from BMW has the company investing heavily in self-driving car technology and mulling over partnerships.
- Porsche has the dreamy Mission E Electric sports car in the works. The concept version boasted nearly-Ludicrous stats (zero-to-62 mph in less than 3.5 seconds, 310 miles all-electric range, and 600 horsepower to all four wheels)
- The Volkswagen (OTCPK:VLKAY) brand is also making a major commitment to electric cars as part of its broad emissions-cheating mea culpa. Earlier this week, InsideEVs reported that the company is considering a second dedicated electric car platform that will bring larger models into the picture.
- Beyond all the EV developments in Germany aimed at the higher-price points - there's still Tesla Motors (NASDAQ:TSLA), Apple (see MacRumors' rundown), GM's (NYSE:GM) mass-market Bolt, and dramatic self-driving car partnerships involving Uber (Private:UBER), Lyft (Private:LYFT), Toyota (NYSE:TM), Google, and Fiat Chrysler (NYSE:FCAU) in the mix.
- Some analysts have suggested the best play on the EV production ramp is a bet on key suppliers. Now who has a sleeper pick to share?
Fri, Jun. 10, 7:01 AM
- BMW (OTCPK:BAMXY) recorded its best May sales tally ever with 198,354 units sold, up 5.3% from last year's level.
- Sales were up 5.6% for the BMW brand and increased 3.6% for the MINI brand.
- The automaker saw double-digit growth in Europe help offset a 73% decline in the Americas region. Sales in Mainland China were up 7%.
- By model, the BMW 2 Series (+48%), BMW X1 (+48%), and BMW & Series (+32%) were leaders.
- YTD BMW global sales +5.0% to 935,288 units.
Thu, Jun. 9, 7:17 AM
- BMW (OTCPK:BAMXY) beat out Tesla Motors (NASDAQ:TSLA) for a contract with the Los Angeles Police Department.
- The LAPD decided to lease 100 i3 all-electric vehicles after testing Tesla's pricier P85D. The German automaker also had the advantage of an existing relationship with BMW via a motorcycle deal.
- The total cost of the BMW three-year lease program for the i3 fleet is $1.4M.
- Police Chief Charlie Beck said the department is open to more deals with BMW or Tesla as it increases its mix of EVs.
- "They will absolutely be the patrol cars of the future," noted Beck.
Wed, Jun. 8, 10:35 AM
- BrandZ keeps a pulse on the value of brands with consumers. Does it matter? An index of companies in the BrandZ Strong Brands Portfolio outperformed the S&P 500 by 5X over the last nine years.
- The list of top risers in brand value this year includes Amazon (NASDAQ:AMZN), Starbucks (NASDAQ:SBUX), JD.com (NASDAQ:JD), Home Depot (NYSE:HD), Lowe's' (NYSE:LOW), Costco (NASDAQ:COST), Burger King (NYSE:QSR), MasterCard (NYSE:MA), and Chanel (private).
- Electrek notes that Tesla Motors (NASDAQ:TSLA) bumped Volkswagen out of the top ten in the ranking of automobile brands. Toyota (NYSE:TM), BMW (OTCPK:BAMXY), and Mercedes-Benz (OTCPK:DDAIF) hold down the top three spots.
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Industry: Trucks & Other Vehicles
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