Wed, Nov. 11, 4:34 PM
Sat, Oct. 31, 12:51 PM
- The European Automobile Manufacturers Association issued a statement this week in which it forecasts that a "substantial number" of diesel models will have to be phased out earlier than anticipated.
- The harsh assessment was mirrored by several heavyweight CEOs at the Tokyo Motor Show. The major focus of the event has been next-gen concepts like hydrogen-powered cars and self-driving features, while execs such as Nissan's Carlos Ghosn have marginalized the future of diesel.
- Many automobile industry insiders have noted that diesel was in decline due to the focus on emissions even before Volkswagen (OTCQX:VLKAY) rocked the industry with a cheating scandal.
- The mix of technology, EV, hydrogen, and powertrain changes have kept analysts buzzing over the proper valuations to assign to major players. A reset of demand expectations in China also factors in significantly.
- Automobile industry stocks: DAN, BWA, MTOR, TRW, FDML, DLPH,GNTX, SMP, AXL, MPAA, ALV, MOD, DLPH, VC, THRM, WPRT, GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, TTM, TSLA, THRM, BWA, JCI, TEN, CPS, LDL, TOWR, OTCPK:PEUGF, OTC:RNSDF, OTCPK:RNLSY.
- Previously: Hydrogen and self-driving cars the talk at the Toyota Motor Show (Oct. 29)
Thu, Oct. 29, 8:08 AM
Wed, Oct. 28, 5:30 PM
- ABC, ABMD, AET, ALKS, ALLE, ALLT, ALLY, ALU, ALXN, AMT, APD, AVT, AVY, AWI, BANC, BBW, BC, BG, BLL, BWA, BWEN, BXLT, CCE, CHTR, CLF, CME, CMS, COP, CRI, CRR, CSH, CVE, CVI, CVRR, DBD, DFT, DIN, DLPH, EME, EPD, EXAS, EXLS, FCN, FIG, FMS, GCI, GG, GLOP, GLPI, GNC, GOV, GT, GTLS, GTXI, HAR, HEES, HST, HTWR, I, IDA, IMS, INGR, IQNT, IRDM, IVZ, JAH, JCI, KEM, KERX, LDOS, LKQ, LLL, LPLA, MA, MCK, MD, MDP, MDXG, MGM, MMYT, MO, MPC, MPLX, MSCI, MTH, MTRN, MWW, NEO, NICE, NOK, NTCT, NVO, NYT, OAK, ODFL, OFC, OSK, PAG, PBI, PES, PF, PNK, POT, PPL, PX, RDS.A, RFP, RGS, RTIX, RYAM, SABR, SAN, SC, SCG, SHOO, SHW, SMP, SNE, SNMX, STM, TDY, TEVA, TFX, THRM, TPX, TWC, UAN, UBSI, UPL, VA, VICL, WRLD, WST, WWE, XEL, XYL, ZBH
Wed, Oct. 21, 9:13 AM| Wed, Oct. 21, 9:13 AM | Comment!
Mon, Sep. 21, 10:05 AM
- Major auto parts suppliers are trading lower after the world's largest automaker (by 1H sales) is accused of purposefully manufacturing cars with a defeat device to beat emissions testing.
- The long-term impact of the Volkswagen scandal is still being debated, but anxiety is higher after the development.
- Decliners include BorgWarner (BWA -2.4%), Tenneco (TEN -0.8%), Delphi Automotive (DLPH -1.1%), Autoliv (ALV -0.9%), Standard Motor Products (SMP -0.3%), Meritor (MTOR -0.3%), and Federal-Mogul Holdings (FDML -0.5%).
- Navistar (NAV -0.9%) and Fiat Chrysler Automobiles (FCAU -1.4%) are also noticeably lower than broad market averages.
- Previously: Volkswagen orders probe into EPA emissions violations (Sep. 20 2015)
- Previously: Volkswagen down 20% as diesel scandal reverberates (Sep. 21 2015)
Fri, Aug. 28, 6:53 AM
Thu, Jul. 30, 9:07 AM
- BorgWarner (NYSE:BWA) says slower light vehicle demand in China and a softer-than-expected global commercial market impacted sales in Q2.
- The company resets 2015 sales guidance to a range of -5.5% to -2.5% vs. -4% to 0% prior. 2015 EPS guidance is dropped to $2.95-$3.10 vs. $3.10-$3.20 prior and $3.21 consensus.
- Previously: BorgWarner misses by $0.08, misses on revenue (Jul. 30 2015)
Thu, Jul. 30, 8:10 AM
Wed, Jul. 29, 5:30 PM
- AAWW, AB, ACI, ACIW, ACOR, ACRE, ADP, ALKS, ALLE, ALU, ALXN, AMRC, APD, AVP, AWI, AZN, BC, BCO, BG, BLL, BUD, BWA, BWEN, CAH, CBB, CBM, CBR, CCE, CCJ, CEVA, CI, CL, CME, COP, COT, CPN, CRL, CRR, CRS, CSH, CVE, CVI, CVRR, DBD, DCIX, DFT, DLPH, EDR, EME, ENTG, EPD, ERJ, ESI, EXLS, FCAU, FCN, FIG, FMS, GG, GHM, GLOP, GLPI, GNC, GOV, GTLS, GVA, HEES, HOT, HP, HST, I, IART, IDA, IDCC, IDXX, INGR, IRDM, IRM, IT, ITC, IVZ, KMT, LBY, LINE, LKQ, LLL, MD, MDLZ, MDP, MDXG, MMYT, MOBL, MPC, MPLX, MSCI, MTRN, MWW, NAVB, NICE, NMM, NNN, NOK, NTCT, ODFL, OSK, OXY, PBI, PCRX, PES, PF, PG, PNK, PNW, POT, PRFT, PWE, RDS.A, RFP, RTIX, RYAM, RYL, SC, SCG, SEE, SHOO, SHOP, SMP, SNE, SNMX, SSYS, SUI, SWK, TASR, TDY, TE, TEX, TFX, TKR, TMUS, TWC, TWI, UAN, UFS, UPL, VA, VG, VICL, VLO, VLY, WST, WWE, XEL, XRAY, XYL, YNDX, ZBH
Wed, Jul. 29, 4:59 PM
Thu, Jul. 16, 7:25 PM
- General Motors (NYSE:GM) fell 2.6% in today's trade following a downgrade from Barclays on the U.S. auto and auto parts sector, saying an extended Chinese slowdown limits upside for vehicle-related stocks.
- Analyst Brian Johnson cuts the sector to Negative from Neutral while downgrading GM, BorgWarner (NYSE:BWA), Delphi Automotive (NYSE:DLPH) and Lear (NYSE:LEA) to Equal Weight from Overweight, expecting recent underperformance to continue as China car sales continue to disappoint and Chinese production turns negative.
- With few catalysts on the horizon, GM is unlikely to enjoy meaningful upside at least the end of the year, Johnson says, adding that GM likely will experience the most severe China headwinds among companies covered by the firm, making an inexpensive valuation and strong dividend "largely irrelevant."
- Johnson says upside potential for BWA and DLPH is limited, as China represents 30%-40% of backlogs for the companies.
Mon, Jul. 13, 9:53 AM
- Remy International (NASDAQ:REMY) popped 42.3% to reach $29.23 in opening trades.
- The stock is just slightly below where BorgWarner (BWA +0.4%) agreed to buy the company earlier today.
- RBC Capital thinks the strategic acquisition will help BorgWarner keep an edge in hybrid technology.
- Previously: BorgWarner acquires Remy International (Jul. 13 2015)
Mon, Jul. 13, 8:07 AM
Tue, May 12, 8:27 AM
Thu, Apr. 30, 8:25 AM
- BorgWarner (NYSE:BWA) had a tough time getting out of the way of F/X swings in Q1 due to the global nature of its business.
- Revenue was decreased by 11% and EPS by $0.09 due to foreign currencies.
- Guidance: The company lowers its outlook on sales growth to -4% to 0% from +2% to +6%. The view on EPS is lowered to $3.10-$3.30 vs. $3.35-$3.55 prior and $3.43 consensus.
- Previously: BorgWarner misses by $0.06, misses on revenue
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