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, 7:43 AM
- Daimler (OTCPK:DDAIF) car registrations +14.1% to 79,908 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.
- Daimler market share: 6.0% vs. 6.1% a year ago.
- Daimler YTD registrations +14.9%.
- Results include the Mercedes and Smart brands.
- EAMA release (.pdf)
Tue, Jun. 14, 1:51 PM
- EV truck maker Nikola Motors has taken a page out of the Tesla playbook by releasing pre-order information and scheduling an unveiling event for later in the year.
- The startup has taken down 7K reservations with deposits for the Nikola One electric truck. The reservations total $2.3B worth of orders. The Nikola One is promised to have 2,000-horsepower, 1,200 miles of range, and a 320-kWh battery.
- The class 8 semi-truck is due to be unveiled by the company at an event on December 2.
- "Our technology is 10-15 years ahead of any other OEM in fuel efficiencies, MPG and emissions. Weare the onlyOEM to have a near zeroemission truck and stilloutperform diesel truck runningat 80,000 pounds," says CEO Trevor Milton.
- "We believe wewill pass the current market leaderslike Daimler, PACCAR, Volvo andNavistar in sales orderswithin the next12-24 months," adds the exec.
- Related stocks: NAV, PCAR, OTCPK:GELYF, OTCPK:DDAIF, OTCPK:VOLVY, OTCPK:VOLVF.
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.
Mon, Jun. 13, 7:54 AM
- Daimler (OTCPK:DDAIF) and state-owned BAIC Motor plan to invest 4B yuan ($608M) to expand an engine plant in Beijing.
- The joint venture partners manufacture Mercedes-Benz vehicles at the site.
- The signing of the agreement was presided over by German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang who are meeting in Beijing for trade talks.
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?
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.
Mon, Jun. 6, 6:02 PM
- Daimler (OTCPK:DDAIF, OTCPK:DDAIY) says it will lay off more than 1,200 workers at three plants in the U.S. and one in Mexico, the second such cut this year in response to falling demand for commercial trucks.
- The automaker says most of the jobs eliminated will be in North Carolina, with 600 workers to be cut loose by July 1 at its Mount Holly plant and 200 workers in Gastonia; the cuts amount to ~41% and 15%, respectively, at the plants.
- Also, 170 workers will be laid off from the Portland, Ore., plant, as well as 270 workers at Santiago, Mexico.
Mon, Jun. 6, 7:40 AM
- Global sales for Mercedes-Benz (OTCPK:DDAIF) rose 12.9% in May to 170,625 vehicles.
- The luxury automobile brand posted sales growth of 24% in the Asia-Pacific region, including a 39% gain in China to 38,271 vehicles. Sales in Europe rose 14% Y/Y.
- The E-Class Saloon and Estate were among the best-selling Mercedes-Benz models in May.
Wed, Jun. 1, 1:09 PM
- Mercedes-Benz (OTCPK:DDAIF) unit sales -1.9% to 32,567 units.
- Van sales were up 29% to 3,072 units.
- Smart sales declined 50% to 420 units.
- Sales growth by Mercedes class: C-Class -6% to 6,954; E-Class/CLS -17% to 3,699; S-Class -21% to 1,510; GLC/GLK Class +64% to 4,183.
- YTD Mercedes-Benz sales -1.1% to 149,167 units.
Wed, May 25, 8:57 AM
- An analysis of data from LendingTree suggests that millennials want to drive and own cars.
- "The share of millennial auto loan requests has climbed from roughly 27 percent in early 2013 to about 34 percent in 2016, suggesting a return of younger buyers to the car market," concludes Lending Tree after diving into loan requests.
- On a volume basis, the most popular cars that millennials requested a loan for were the Nissan Altima, Dodge Charger, Honda Accord, Chevrolet Impala, and Chevrolet Tahoe. Millennials opted for used vehicles at a slightly higher clip than older drivers, 46% vs. 44%.
- The crush of major automaker-tech firm partnerships (Toyota-Uber, GM-Lyft, Fiat-Google, Volkswagen-Gett) popping up is predicated in part on a younger generation attuned to ride-sharing and ride-hailing. There's also been an assumption by some analysts of a topping out of U.S. auto demand this year or next due in part to millennial disinterest.
- Related automaker/auto retailer stocks: PAG, ABG, LAD, GPI, SAH, KMX, AN, RUSHA, OTCPK:DDAIF, TM, HMC, TSLA, TTM, OTCPK:VLKAY, GM, F, OTCPK:NSANY, OTCPK:BAMXY, OTCPK:FUJHF.
Mon, May 23, 9:58 AM
- Shares of Fiat Chrysler (NYSE:FCAU) are down 4.8% in the U.S. after falling by a similar level in Europe.
- All eyes are on the findings from the Federal Motor Transport Authority in Germany to see if the agency's report that the company cheated with emissions testing alters the view with regulators from Italy and the EU.
- European automakers Ferrari (RACE -1.3%), BMW (OTCPK:BAMXY -1.6%), and Daimer (OTCPK:DDAIF -2.1%) are on watch amid the crumbling in confidence in the sector.
- Previously: Fiat Chrysler suspected of emissions cheating (May 23)
Thu, May 19, 5:57 PM
- Shares of truck makers and suppliers posted losses in today's trade after Daimler (OTCPK:DDAIF) lowered its truck division guidance, forecasting lower EBIT and unit sales because of weaker than expected global truck markets.
- Daimler Trucks says it now expects EBIT and unit sales to come in significantly below the "very good" prior-year levels; the division previously had anticipated EBIT at the prior-year level and a slight decrease in unit sales.
- Daimler says the "difficult situation" of global truck markets has worsened in recent weeks, and now expects the overall market for Class 6 to 8 trucks will contract by ~15% in 2016.
- In today's trade: OTCPK:DDAIF -2.4%, PCAR -3.4%, NAV -3.3%, CNHI -0.8%, CMI -2.3%, ALSN -1.8%.
Tue, May 17, 7:50 AM
- Daimler (OTCPK:DDAIF) car registrations +21.6% to 82,585 units in April, according to the European Automobile Manufacturers Association.
- Overall EU registrations +9.1% Y/Y to 1,273,733 units in April, driven higher by double-digit growth in Italy and Spain. Registrations were up 8% in Germany and 7% in France.
- Daimler market share: 6.3% vs. 5.6% a year ago.
- Daimler YTD registrations +15.2%.
- Results include the Mercedes and Smart brands.
- EAMA release (.pdf)
Thu, May 12, 9:40 AM
- BMW (OTCPK:BAMXY) CEO Harald Krueger says the automaker's long-range battery electric vehicle is still several years away from being introduced. The EV replacement for the 7-Series sedan is expected to come to market in 2021 -long after Audi (OTCPK:VLKAY), Mercedes-Benz (OTCPK:DDAIF), and Tesla Motors (NASDAQ:TSLA) are in with their aspiring game changers.
- Krueger made the announcement at BMW's annual shareholder meeting in Munich, Germany amid a broad talk on strategy.
- The iNext from BMW will include advanced autonomous driving features and the latest mobility technology on top of the +500 km range.
- The German automaker's slow roll into the long-range EV market has raised some questions with industry analysts, even as i3 and i8 EV/hybrid sales come in at a tepid pace.
- Car shopping data does seem to suggest that BMW needs to take the Tesla threat seriously. 28% of Tesla shoppers in March also looked at a BMW model which was the leading brand overlap by a wide margin (Toyota 23%, Audi 20%, Mercedes-Benz 19%, Ford 17%, Lexus 16%).
Tue, May 10, 7:30 AM
- Automobile sales in China rose 6.4% to 1.72M units in April, according to the China Passenger Car Association.
- Sales of SUVs were up 36% during the month to help make up for a drop in passenger car sales.
- Dealers offered discounts of 18% to help clear inventory, according to an estimate from Bank of America Merrill Lynch.
- YTD deliveries in China are up 6.7% to 7.36M units.
- 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, GM.
The Daimler Group is one of the biggest producers of premium cars and the world's biggest manufacturer of commercial vehicles.
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
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