Tue, Apr. 19, 12:14 PM
- There's some buzz out of Germany that Apple (AAPL -0.7%) has a secret R&D lab up and running with 20 employees working on an electric vehicle project.
- The original report in German is from Frankfurter Allgemeine Zeitung, while Mashable has a mashup of the latest Apple Car development. The publication deduces that Apple is considering German manufacturing and will partner with supplier Magna International (MGA +0.8%).
- Germany isn't completely foreign territory for Apple as it dabbles with EV car possibilities. Last year, CEO Tim Cook met with BMW (OTCPK:BAMXY) execs and toured an i3 manufacturing site in Leipzig.
- Earlier today, Electrek reported that former Tesla (TSLA -4.3%) VP of vehicle engineering Chris Porritt moved to Apple to work on the company's EV project. The publication speculates that Porritt could be a candidate to head Project Titan which has been operating in a leadership void since Steve Zadesky stepped down.
- Now read Does Tesla Have An Apple Problem?
Fri, Apr. 15, 7:30 AM
- BMW (OTCPK:BAMXY) car registrations +14.8% to 120,345 units in March, according to the European Automobile Manufacturers Association.
- Overall EU registrations +6.0 Y/Y to 1,700,683 units in March, led by strong growth in Italy and France. Registrations in Germany were down slightly.
- BMW market share: 6.9% vs. 6.3% a year ago.
- BMW YTD registrations +11.8%.
- Results include the BMW and Mini brands.
- EAMA release (.pdf)
Thu, Apr. 14, 10:21 AM
- BMW (OTCPK:BAMXY) discloses that it has stopped selling some Series 7 vehicles in the U.S. due to an issue with airbags.
- The issue impacts Series 7 cars made from July 1, 2015 to December 11, 2015.
- Continental Tire (OTCPK:CTTAY) is listed as the manufacturer of the air bag control module.
- NHTSA recall notice (.pdf)
Thu, Apr. 14, 8:26 AM
- Motor Trend issues an exhaustive look at what an Apple Car might look like and feature in a freshly-posted story. The focus is on guesswork, not concrete details from Cupertino.
- A panel of experts concludes that the BMW (OTCPK:BAMXY) i3 isn't there yet and Tesla Motors (NASDAQ:TSLA) is "kinda there" in terms of creating the electric vehicle that is the true game changer.
- Their vision of the Apple Car sounds pretty much like what major automakers such as Ford (NYSE:F) and General Motors (NYSE:GM) are already talking about with the focus on mobility, simplicity, autonomous features, and connected options,
- Even if Apple's Project Titan is ultimately canceled, the Motor Trend panel still thinks some Apple features such as augmented reality windshields could survive.
- Now read Tesla Makes A Crucial Move
Tue, Apr. 12, 11:19 AM
- The SAE 2016 World Congress is underway in Detroit with a large number of automakers and suppliers in attendance.
- An early theme from the event is the widespread acceptance of electric cars as an inevitability in the future.
- General Motors (GM -0.4%) R&D chief Larry Burns presented a slide showing the "New Automotive DNA" of electric drive, electric motors, and diverse energy sources (Twitter picture of slide). He also noted that the company expects driverless cars to be cheaper due to the lower cost parts. Self-driving cars are seen having some commercial applications even if broad acceptance is far-fetched.
- The powertrain manager at Toyota (TM +3.3%) said the automaker sees EVs, fuel cells, and hybrids "dominating" the industry. Strong words from the world's largest seller of cars.
- What to watch: Upcoming talks at the conference on cybersecurity take on added significance with nearly every automaker hyping its connected car concept.
- Ward's Auto is covering the event on its Twitter feed.
- Related stocks: F, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY, TSLA.
- Now read The First Trust Nasdaq Global Auto Index ETF: Road To Success?
Fri, Apr. 8, 1:55 PM
- BMW (OTCPK:BAMXY) is firmly in the car-sharing race now with a test program in Seattle running at full throttle.
- The German automaker has 370 BMW and Mini vehicles included in the ReachNow service.
- ReachNow cars can be rented for as low as $0.41 per minute while driving and $0.30 per minute while the vehicle is parked. Prices are capped at $80 per 12 hours or $110 for a full 24 hours.
- The company plans to introduce ReachNow in an additional ten U.S. cities.
- Related stocks: HTZ, CAR, UBER.
Fri, Apr. 8, 8:54 AM
- The Society of Indian Automobile Manufacturers lowers its annual sales forecast again to factor in new levies on passenger cars and tighter diesel standards.
- The new forecast calls for 8% growth for the year beginning in April. The previous outlook was for double-digit growth.
- The Indian auto industry registered 2.6% growth over the last year to produce 23.960M passenger cars. Exports were only up 1.91%.
- Related stocks: OTCPK:SZKMF, HMC, TTM, OTCPK:BAMXY, OTCPK:VLKAY, OTCPK:NSANY.
- Now read Tesla: Can Elon Musk Win In India?
Wed, Apr. 6, 4:16 AM
- It has been confirmed that Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) are in talks with Germany's premium carmakers about taking minority stakes in their HERE digital mapping service.
- BMW (OTCPK:BAMXY), Daimler (OTCPK:DDAIY) and Audi (OTCPK:AUDVF) agreed last year to pay €2.5B ($2.8B) for the Nokia business to build a platform for self-driving cars connected to the Internet.
- "We need a cloud provider to handle the huge amounts of data created by HERE and its users," said Thomas Weber, a Daimler board member.
- Previously: Amazon in talks to take stake in HERE (Apr. 01 2016)
Mon, Apr. 4, 11:37 AM
- Ford (F -2.2%), General Motors (GM -1.9%), and Toyota (TM -2.4%) are all down for a second straight day after overall U.S. sales came in below expectations for March.
- There's also a bit of a Tesla overhang over the major automakers as the weekend's strong tally of Model 3 pre-orders is the one of the first concrete indications that the EV automaker could be a market share disrupter. If even half of Tesla's early round of orders comes to fruition, about $5B in consumer spending on automobiles is going in a different direction than Detroit or Tokyo. Naturally, Tesla enthusiasts think the number will be much higher.
- Daimler (OTCPK:DDAIF -1.4%) and BMW (OTCPK:BAMXY -1.4%) are also weak on the day amid the OEM gloom.
- Now read Tesla Model 3: Existential Crisis For The Auto Industry
Fri, Apr. 1, 1:39 PM
Fri, Apr. 1, 4:20 AM
- Amazon (NASDAQ:AMZN) is in talks with BMW (OTCPK:BAMXY), Daimler (OTCPK:DDAIY) and Audi (OTCPK:AUDVF) about taking a stake in their high-definition digital mapping company HERE.
- Last August, the consortium of German automakers agreed to pay €2.5B ($2.8B) to buy Nokia's mapping business as part of plans to develop self-driving vehicles.
- However, they need to ensure that maps can cope with live updates on traffic and road conditions collected from thousands of cars. That's likely where Amazon's cloud computing services comes into the picture.
Wed, Mar. 30, 9:53 AM
- A new website funded by the European Commission is tracking EV and plug-in hybrid sales in Europe. The top-selling EVs in Europe through the end of February as tabulated by the European Alternative Fuels Observatory are listed below.
- Pure EVs (ranked by volume): 1) Renault Zoe 2,976 2) Nissan Leaf 2,556 3) Volkswagen e-Golf 1,500 4) Tesla Model S 1,194 5) BMW i3 993. 6) Kia Soul 700.
- Plug-in hybrids: 1) Mitsubishi Outlander 2,513 2) Volkswagen Golf GTE 1,517 3) Volvo XC90 1,352 4) Audi A3 e-Tron 1,246 5) BMW X5 40e 825 6) Mercedes C350e 648.
- Overall, EV sales are below the pace from a year ago.
- Related stocks: OTC:RNSDF, OTCPK:RNLSY, OTCPK:NSANY, OTCPK:VLKAY, TSLA, OTC:HYMLF, OTCPK:MMTOF, OTCPK:BAMXY.
Mon, Mar. 28, 9:18 AM
- The Russian Ministry of Industry and Trade forecasts a 20% to 30% decline in imported automobile sales this year. The sharp drop in demand would probably be even worse if not for measures taken by the Russian government to support the industry through interest rate subsidies and investment credits.
- Sales of imports in Russia through the end of February were down 20.8%, according to data from Ward's Auto.
- Automakers that are reeling in their expectations in Russia include Toyota (NYSE:TM), Volkswagen (OTCPK:VLKAY), BMW (OTCPK:BAMXY), and Honda (NYSE:HMC). General Motors (NYSE:GM) has all but pulled out of Russia, while Ford (NYSE:F) is still pressing on through its Sollers joint venture.
Mon, Mar. 21, 5:20 AM
- BMW (OTCPK:BAMXY) is taking its push into self-driving vehicles to its factory floors, testing suitcase-size robotic trolleys as part of an automation drive that will help cut cost by 5% per car annually.
- In a project started this month at BMW's logistics center in Germany, the vehicles autonomously find the desired parts container, slide under it and transport it to the packing area.
- The program is part of a broader effort to squeeze out several hundred million euros in costs in the coming years to fund the development of self-driving features for its cars.
Thu, Mar. 17, 8:48 AM
Thu, Mar. 17, 8:01 AM
- BMW (OTCPK:BAMXY) CFO Friedrich Eichiner says pricing has stabilized in China in a normalization process.
- The German automaker sharply cut back on inventory in the nation in an effort to hold the line on prices.
- In an interesting twist, Eichiner says the U.S. is where BMW sees the larger amount of risk. "We see some pressure from the used car market already, " he notes.
- The warning from the BMW exec lines up with rising concerns over the amount of vehicles which will be coming off of leases in the U.S. in the future.
- Previously: Jump in auto leasing could pressure prices down the road (Mar. 16 2016)
Sector: Consumer Goods
Industry: Trucks & Other Vehicles
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