Daimler AGOTCPK - Current
Thu, Dec. 8, 8:03 AM
- Automobile sales in China rose 19.8% in November to 2.42M units, according to the Passenger Car Association.
- Demand in China has been impacted by a tax cut that is due to expire at the end of the year. The government hasn't announced yet if the tax break will be extended.
- Chinese automakers Geely Automobile, Guangzhou Auto and Great Wall Motors all saw huge market share gains during the month.
- Auto sales are up 15.7% YTD to 21.1M units to mark an annual record with another selling month still to go.
- 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:BMWYY, GM, OTC:GNZUF, OTC:GNZUY, TSLA, F, OTCPK:NSANY, TM.
Fri, Dec. 2, 7:04 AM
- AlixPartners managing director Elmar Kades says the new fast-charging network planned in Europe through a combined effort of BMW (OTCPK:BMWYY), Daimler (OTCPK:DDAIF), Volkswagen (OTCPK:VLKAY) and Ford gives "great visibility" to the strong commitment to the EV industry by major automakers.
- There is also the obvious benefit to each company of reducing the cost of building the extensive charging network.
- Source: Bloomberg
- Previously: Ultra-fast EV charging network planned for Europe (Nov. 29)
Thu, Dec. 1, 3:28 PM
- Mercedes-Benz (OTCPK:DDAIF) unit sales flat Y/Y at 33,490 units.
- Van sales were down 7% to 2,564 units.
- Smart sales fell 15% to 563 units.
- Sales growth by Mercedes class (units): C-Class +0.3% to 7,261; E-Class/CLS -11% to 4,642; S-Class -21% to 1,475; GLC/GLK Class +219% to 3,876.
- YTD Mercedes-Benz sales +0.6% to 343,695 units.
Tue, Nov. 29, 1:03 PM
- A charging network is being created in Europe through a group effort that includes BMW (OTCPK:BMWYY), Daimler (OTCPK:DDAIF), Ford (F +0.4%) and Volkswagen (OTCPK:VLKAY) brands Audi and Porsche.
- The group sees an "ultra-fast high-powered" charging network along major highways with power levels up to 350 kW.
- The initial build-up is planned to start next year with 400 sites across Europe. By 2020, thousands of high-powered charging points are expected.
- Stanphyl Capital's Mark Spiegel points out that the planned network is at 2X the speed of Tesla's superchargers. It's the same Spiegel who Bloomberg reports is discussing Tesla (TSLA -2.2%) as a short idea at the Robin Hood conference in NYC.
Tue, Nov. 29, 7:44 AM
- TrueCar estimates new automobile sales rose 3.6% in November. On an adjusted day basis, the forecasts falls to a 4.7% drop in sales for the month due to the two fewer selling days.
- GM (NYSE:GM) sales for November are expected to increase 11.2% (unadjusted) to give it an 18.7% market share vs. 17.4% last year. Volkswagen (OTCPK:VLKAY), which is starting to lap its emissions scandal period, is expected to post a 4% gain for the month.
- The research firm says average incentive spending was up 13% Y/Y to $3,475 per unit. The only automaker without an increase in incentive spending during the month was Daimler (OTCPK:DDAIF), accordintg to TrueCar.
- "The early launch of Black Friday sales events is helping offset declines in fleet sales this month, as the retail sales environment remains strong for new car sales,” notes TrueCar analyst Eric Lyman.
- Previously: U.S. auto sales forecast to set a record in November (Nov. 25)
Fri, Nov. 18, 10:39 AM
- Fiat Chrysler Automobiles (NYSE:FCAU) and Amazon (NASDAQ:AMZN) are teaming up to sell cars online, according to Reuters. Consumers will still finalize their car purchases at a dealership.
- The initiative will start off in Italy with the Fiat 500, Fiat Panda and Fiat 500L.
- "The time has arrived to give consumers a new, more efficient and transparent way to choose a new vehicle," says Fiat's top exec in Italy.
- Though the Fiat-Amazon tie-up isn't necessarily groundbreaking, it's still another crack in the dealership model that could have implications down the road.
- Related automobile sector stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BMWYY, TTM, TSLA, AN, KMX, SONC.
- Previously: Amazon launches automotive research portal, Amazon Vehicles (Aug. 25)
Thu, Nov. 17, 9:46 AM
- Daimler (OTCPK:DDAIF) car registrations +6.1% to 74,592 units in October, according to the European Automobile Manufacturers Association.
- Overall EU registrations -0.02% Y/Y to 1,104,506 units in October on broad gains on mixed results across nations. Registrations were up 9% in Italy and 4% in Spain, but fell almost 6% in Germany and were down 4% in France. YTD registrations are up 7.2% to 12.348502M.
- Daimler market share: 6.6% vs. 6.2% a year ago.
- Daimler YTD registrations +13.4%.
- Results include the Mercedes and Smart brands.
- EAMA release (.pdf)
Wed, Nov. 16, 9:52 AM
- The Los Angeles Auto Show is off and running this week, with technology companies stealing some of the early headlines.
- Samsung (OTC:SSNLF) got the ball rolling with its huge acquisition of Harman (NYSE:HAR), while Amazon dazzled many by showcasing its connected-car Blue Link technology that uses the AI-heavy Alexa in Hyundai cars.
- Ride sharing platforms are on display, led by BMW's Reach Now program which is a potential Uber (Private:UBER) X competitor.
- Edmunds.com may have sent a bit of shock wave through the auto retailer sector by demonstrating its advanced messaging platform that uses Facebook Messenger to help direct buyers to cars.
- Then there is Olli which is the first self-driving vehicle to use IBM (NYSE:IBM) Watson as its brains.
- There are plenty of new models on display at the Staples Center - including the Alfa Romeo Stelvio, Volkswagen e-Golf, Land Rover Discover, Porsche Panamera and Mazda CX-5. The first look at the Jaguar all-electric I-Pace SUV is one of the more talked about introductions.
- The all-electric Chevy Bolt and Tesla Model X mobile design studio will also be making an appearance in LA. Expect some updates on both as the GM vs. Tesla war starts to get ratcheted up.
- Related automobile sector stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BMWYY, TTM, TSLA, AN, KMX, SONC.
Wed, Nov. 16, 8:01 AM
- German automakers are in talks with major autobahn operator Tank & Rast on building out a national EV charging network, according to Bild Zeitung.
- The National Electric Mobility Platform estimates that up to 7.1K fast charging points are needed by 2020 to keep pace with demand.
- The German government is supporting EV station build-out efforts through a €1B program.
- Daimler (OTCPK:DDAIF), Volkswagen (OTCPK:VLKAY), and BMW (OTCPK:BMWYY) all have ambitious EV plans.
Mon, Nov. 14, 2:15 PM
- The NHTSA passes a new regulation requiring all new electric and hybrid vehicles to make an audible noise at speeds below 19 mph to help protect blind and visually-impaired pedestrians as well as cyclists.
- Manufacturers have until September 1, 2019, to add the sounds to all new hybrid and EVs.
- Department of Transportation press release
- Related auto stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BMWYY, TTM, TSLA.
Mon, Nov. 14, 12:20 PM
- A lawsuit on the behalf of truck buyers in Europe is being planned by litigation funding firm Benthem Europe.
- Reuters reports that the damages claim in the legal action could be €100B as truck makers are pressed for running a 14-year price-fixing cartel.
- By Bentham's tabulations, 10M trucks were sold in Europe with an extra €10.5K added to the price tag due to the collusion.
- Truck makers potentially impacted include PACCAR (NASDAQ:PCAR), Navistar (NYSE:NAV), Daimler (OTCPK:DDAIF), Volvo (OTCPK:VOLVY), Volskwagen (OTCPK:VLKAY), Supreme Industries (NYSEMKT:STS) and CNH Industrial (NYSE:CNHI).
Wed, Nov. 9, 4:32 AM
- The industry has been betting billions of dollars on globalized production and higher fuel efficiency, but Trump has been talking about moves to effectively reshore jobs to the U.S., while calling climate change into question.
- Related stocks: TM -3.9%, F -1.1%, GM -0.4%, FCAU -0.4%, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXF, TTM
Mon, Nov. 7, 1:47 PM
Tue, Nov. 1, 1:23 PM
- Mercedes-Benz (OTCPK:DDAIF) unit sales -2.1% to 31,801 units.
- Van sales were down 3% to 2,724 units.
- Smart sales fell 42% to 418 units.
- Sales growth by Mercedes class (units): C-Class -15% to 6,227; E-Class/CLS -26% to 3,827; S-Class +26% to 2,40; GLC/GLK Class +85% to 3,588.
- YTD Mercedes-Benz sales +0.7% to 310,205 units.
Sat, Oct. 29, 10:42 AM
- The trucking industry is anxiously waiting for the release of key heavy-duty truck order releases next week as it assesses demand for 2017.
- Overcapacity has impacted trucking pricing this year and forced several companies to idle parts of their fleets and rethink strategy. More than half of trucking stocks with a market cap of over $50M are showing a negative YTD return.
- There's a sense that the extended downturn in freight demand could be bottoming out, a theory that could be confirmed by the upcoming reports from ACT Research and FTR.
- Looking further down the road, it can't be ignored that autonomous vehicle technology could have an impact with trucking services, logistics firms and truck makers. The dramatic delivery of 50K Budweisers (NYSE:BUD) by self-driving transport company Otto (Private:UBER) is considered by some analysts as much more than a publicity stunt.
- Ford (NYSE:F) announced last summer that it's developing smaller self-driving delivery trucks and Google has a USPTO-approved patent on a self-driving delivery truck. On the long-haul side, Daimler's (OTCPK:DDAIF) Freightliner is still testing autonomous 18-wheelers.
- Related article: MIT Technology Review on Uber Freight
- Related stocks: ULH, USAK, SAIA, PATI, PTSI, JBHT, KNX, SWFT, LSTR, MRTN, HTLD, WERN, ECHO, ODFL, CVTI, CGI, ARCB, YRCW, NAV, CMI, PCAR, FDX, UPS.
Wed, Oct. 26, 12:41 PM
- TrueCar estimates new U.S. vehicles sales will fall 6.6% in October to 1.36M units.
- The forecast doesn't adjust for the two fewer selling days in the period this year. Hurricane Matthew was also a negative factor on sales during the month.
- Rather suddenly, one of the more common words in the automobile sector in relation to sales growth has been "plateau" or variations of the noun. "As retail demand plateaus automakers will be forced to make the critical decision to cut vehicle production or increase incentives,' notes TrueCar analyst Eric Lyman.
- Incentive spending is forecast to increase 16% Y/Y during October.
- TrueCar's sales forecasts by automaker are posted below.
- BMW (OTCPK:BMWYY) -10.7% to 30K units, market share 2.2% vs. 2.1% last month.
- Daimler (OTCPK:DDAIF) +0.1% to 32.5K units, market share 2.4% vs. 2.3% last month.
- FCA (NYSE:FCAU) -11.0% to 175K units, market share 12.9% vs. 13.5% last month.
- Ford (NYSE:F) -9.9% to 192K units, market share 14.1% vs. 14.2% last month.
- General Motors (NYSE:GM) -8.9% to 239.5K units, market share 17.6% vs. 17.4% last month.
- Honda (NYSE:HMC) -2.8% to 128K units, market share 9.4% vs. 9.3% last month.
- Hyundai (OTC:HYMLF) -7.0% to 55.8K units, market share 4.1% vs. 4.6% last month.
- Kia (HYUMLF) -2.1% to 49K units, market share 3.6% vs. 3.4% last month.
- Nissan (OTCPK:NSANY) -2.6% to 113K units, market share 8.3% vs. 8.9% last month.
- Subaru (OTCPK:FUJHY) +0.7% to 52K units, market share 3.8% vs. 3.8% last month.
- Toyota (NYSE:TM) -1.5% to 201K units, market share 14.8% vs. 13.7% last month.
- Volkswagen (OTCPK:VLKAY) -16.9% to 43.5K units, 3.2% vs. 3.2% last month.
- Research firms are likely to include Tesla Motors (NASDAQ:TSLA) in their monthly forecasts in the future as the EV automaker scales up with increased production of the Model S, Model X and the Model 3 in due time.