Thu, Jul. 21, 7:23 PM
- The Obama administration will invest as much as $4.5B to build electric car charging stations, aiming to complete a U.S. network by 2020 to make “coast-to-coast, nationwide zero-emissions travel” a reality.
- The government plan will release Energy Department loan guarantees to support a commercial scale roll-out of charging stations, with federal, state and local governments partnering with automakers such as Ford (NYSE:F), General Motors (NYSE:GM), Nissan (OTCPK:NSANF, OTCPK:NSANY) and Tesla (NASDAQ:TSLA).
- Charging infrastructure has been a major obstacle to widespread adoption of electric cars, but Kelley Blue Book analyst Karl Brauer tells Bloomberg that longer battery ranges probably would do the most toward boosting electric car numbers.
Tue, Jul. 19, 11:01 AM
- Ford (F +0.3%) says the new 2017 F-Series Super Duty model will feature the most horsepower and torque of any heavy-duty truck.
- The V8 turbo diesel engine standard on all F-Series diesel trucks from the F-250 to the F-450 will boast 440 horsepower and 925 lb.-ft of torque. The automaker was able to boost power by strategically redistributing the weight saved from the use of aluminum.
- Ford Super Duty trucks go on sale this fall.
Fri, Jul. 15, 7:29 AM
- Ford (NYSE:F) car registrations -1.1% to 102,053 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.
- Ford market share: 6.8% vs. 7.3% a year ago.
- Ford YTD registrations +5.3%.
- EAMA release (.pdf)
Thu, Jul. 14, 9:03 AM
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.
Mon, Jul. 11, 10:09 AM
- Ford (NYSE:F) is out with details on the 2017 F-150. The all-new 3.5-liter EcoBoost V6 engine and 10-speed automatic transmission truck is set to go sale this fall.
- The new second-generation 3.5-liter EcoBoost engine will provide 50 lb.-ft. more peak torque compared with the first-generation 3.5-liter EcoBoost engine, to 470 lb.-ft. That mark beats all diesel- and gasoline-powered competitors, according to Ford.
- The company also notes that the 3.5-liter EcoBoost in the 2017 F-150 is paired exclusively with the first volume-production 10-speed automatic transmission available to consumers from any automaker.
- The automaker says the new 3.5-liter EcoBoost engine builds on the success of the 2.7-liter EcoBoost engine and first-generation 3.5-liter EcoBoost engine available for the 2016 F-150. The 2.7-liter and first-generation 3.5-liter EcoBoost engines account for approximately 60 percent of F-150 sales.
- Source: Press Release
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.
Thu, Jul. 7, 6:59 AM
- Ford (NYSE:F) announces it sold 85,105 vehicles in June, up 2.6% Y/Y.
- Retail sales for the first six months of the year were up 6.0% to 577,097 units. The Changan Ford Automobile JV accounted for 435,645 first half sales and the Jiangling Motor Corporation JV brought in 121,514 sales. Lincoln contributed sales of 12,450 units.
- "Even as the pace of growth slows and the market matures, customers continue to respond well to our products, particularly our world-class SUV lineup," says group VP Dave Schoch.
Wed, Jul. 6, 2:27 PM
- Ford (NYSE:F) reports the Lincoln brand delivered 6,966 vehicles in China during Q2 to more than double its level of sales from last year.
- Lincoln’s first-half sales in China reached 12,450 units, nearly tripling those of last year.
- At the end of the second quarter there were 45 Lincoln dealerships in China. Looking ahead, Lincoln is on track to open 60 Lincoln Stores in 50 cities.
- Source: Press Release
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.
Tue, Jul. 5, 11:25 AM
- The NHTSA opens an investigation into Ford (F -2.3%) over Explorer SUVs from the model years 2011 to 2015 after receiving complaints of carbon monoxide exposure.
- The government agency will probe the issue to see if a recall is warranted.
- The precise number of Explorers under investigation wasn't disclosed.
Fri, Jul. 1, 6:11 PM
- A series of record-June announcements from automakers today added up to U.S. auto sales marking an overall record for the first six months of the year.
- Sales were up 1.5% to 8.65M units vs. a year-ago 8.5M. June sales rose 2.5% to make up for a May disappointment.
- Most automakers posted gains -- including Ford Motor (F +1.2%), Fiat Chrysler (FCAU +2%), Nissan (OTCPK:NSANY +0.5%), Honda (HMC -0.8%), Hyundai (OTC:HYMLF) and Subaru (OTCPK:FUJHY -1.7%) -- and many set records. Meanwhile, Volkswagen (OTCPK:VLKAY +3.4%), Toyota (TM -0.4%) and General Motors (GM +2.1%) saw declines.
- Overall sales are starting to flatten out after six years of growth, but low gas prices and interest rates are presaging that automakers can hold this level of success for some time.
Fri, Jul. 1, 9:37 AM
- Ford Motor (NYSE:F) June sales rose 6.4% to 240,109 units, ahead of an Edmunds.com forecast for a 6.2% increase. YTD, sales are up 5% to 1,353,048 vehicles, best results in a decade.
- Passenger cars: -12.1% to 68,478 units.
- SUVs: +7.3% to 75,277 units.
- Trucks +24.2% to 96,354 units.
- By brand: Ford +6.4% to 231,300 units; Lincoln +5.8% to 8,809 units. Fusion +4.4% to 26,520; Escape +20.2% to 29,003; F-Series truck +28.6% to 70,937.
- Ford has risen 2.3%.
Fri, Jun. 24, 7:33 PM
- Ford Motor (F -6.6%) can go forward with redevelopment of the land where its Twin Cities Assembly Plant used to stand, as the company and Minnesota's Pollution Control Agency say contamination shouldn't be a problem.
- There are five hot spots that need attention at the 135-acre St. Paul, Minn., site -- but developers can move forward with a mixed-use plan for residences, offices, light industry and parks.
- The company is expecting to finish cleaning it up and selling the site to a developer by 2019.
Wed, Jun. 22, 6:25 PM
- Kia Motors (OTC:KIMTF) topped J.D. Power's annual U.S. survey of vehicle quality, the first time in 27 years that a non-luxury brand scored the top ranking.
- Kia ranked first among 33 car brands in the study, moving up from second place a year ago. Porsche, the sports luxury brand owned by Volkswagen (OTCPK:VLKAF, OTCPK:VLKAY), came in second after finishing first last year.
- U.S. brands scored better marks collectively than their foreign counterparts for only the second time in the study's 30-year history; brands at GM, Ford (NYSE:F) and Fiat Chrysler's (NYSE:FCAU) U.S. arm improved quality scores 10% from 2015, double the improvement rate of foreign brands.
- The survey also showed that for the first time in a decade, owners of vehicles from non-premium brands reported fewer problems than those who own the more expensive cars, SUVs and pickup trucks.
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%).
Ford Motor Co. is engaged in the manufacturing and distribution of automobiles. It operates through two business sectors: Automotive and Financial Services. The Automotive sector operates through four business segments: North America, South America, Europe and Asia Pacific Africa. The North... More
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
Country: United States
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