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%).
Thu, Jun. 16, 7:23 AM
- Ford (NYSE:F) car registrations +7.8% to 87,766 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.
- Ford market share: 6.6% vs. 7.1% a year ago.
- Ford YTD registrations +6.8%.
- EAMA release (.pdf)
Fri, Jun. 10, 10:07 AM
- Piper Jaffray launches coverage on Tesla Motors (TSLA -1.5%) with a Neutral rating and $223 price target.
- The investment firm shows some preference for Detroit automakers as both Ford (F -0.9%) and General Motors (GM -1.1%) are initiated at Overweight with generous PTs of $17 and $41, respectively. The rather run-of-the-mill write-ups on Ford and GM from Piper focus on improved balance sheets and dividend payouts, while the Tesla take points to Model 3 delivery date concerns.
- PJ suggests Mobileye might be the automobile industry disruptor to bet on (Overweight/$50 PT).
Fri, Jun. 10, 7:16 AM
- Piper Jaffray initiates coverage on Ford (NYSE:F) with an Overweight rating and $17 price target (28% upside potential).
- "Stable demand in the U.S., rising market share in China and improving margins in Europe could combine to drive more earnings growth than is currently implied by PJC/Street estimates," reads the note from analyst Alexander Potter.
- Potter also thinks the lush 4.52% dividend yield on Ford is nice protection for investors on the downside.
- Shares of Ford are down 6% YTD vs. -14% for GM and -15% for Toyota.
Wed, Jun. 8, 7:08 AM
- Ford's (NYSE:F) sales in China dipped 2.5% to 88,248 units in May. YTD sales are up 5% to 457,086 units.
- The automaker sold 67,055 vehicles through the Changan Ford Automobile JV and 19,962 were sold by the Jiangling Motor Corporation JV. Imported vehicles accounted for 1,501 sales.
- Demand was solid for the Ford Edge and the new Ford Taurus model.
Mon, Jun. 6, 1:54 PM
- Ford (F +1.2%) is in talks with JV partner Changan Automobile Group about producing Lincoln vehicles in China, according to a Bloomberg report. Changan is listed on the Shenzhen Stock Exchange, but is under control of the Chinese government.
- The automaker is considering setting up a manufacturing and export base out of Chongqing.
- Ford execs say the Lincoln brand is well-regarded in China.
Wed, Jun. 1, 9:42 AM
- Passenger car sales plummeted for Ford (F -2.4%) in May as buyers opted for SUVs, vans, and trucks. The dramatic shift in mix helped push up the automaker's average transaction price during the month by almost $1,500.
- Sales growth by brand: Ford -6.4% to 226,190 units, Lincoln +6.9% to 9,807 units.
- Sales growth by model: Ford Fiesta -35% to 6,150; Ford Fusion -22% to 24,589; Ford C-MAX -29% to 1,865; Ford Mustang -24% to 10,327; Ford F-Series +9% to 67,412; Ford Explorer -5% to 18,813; Ford Transit +16% to 13,640; Lincoln MKX +88% to 2,794; Lincoln MKC -6% to 2,162.
- Previously: Ford May U.S. sales: -5.9% (June 1)
Wed, Jun. 1, 9:31 AM
- Ford (NYSE:F) unit sales -5.9% to 235,997 units to beat the Kelley Blue Book estimate for a 6.8% Y/Y decline, but fall short of the Edmunds.com forecast. Two fewer selling days this year was a factor in the comparison.
- Passenger car sales -25% to 67,315 units.
- Utilities sales +0.3% to 78,006 units.
- Truck sales +8.9% to 90,676 units.
- YTD U.S. sales +4.2% to 1,112,939 units.
- Ford is down 0.5% in early trading.
Thu, May 26, 3:55 PM
- Ford (F -0.6%) says the 2017 Fusion Energi plug-in hybrid will feature range of 610 miles on one tank of gas. The range, which is 11% better than last year's model, includes 22 miles on battery power before gas power kicks in.
- The automaker says the Fusion Energi has the best range of any plug-in hybrid on the market. Also, Ford isn't shy about pointing out that the Tesla 3 is projected to only have range of 215 miles.
Thu, May 26, 1:20 PM
- U.S. auto sales are expected to show a decline in May. Major factors contributing to the drop will be the two fewer selling days in the month and GM's decision to cut back on rental sales. Kelley Blue Book predicts a 6.2% drop, while TrueCar estimates a 4.0% tail-off.
- Nissan and Subaru are the only automakers seen by KBB showing a gain during the month with new model introductions in play.
- Kelley Blue Book April U.S. auto sales forecast: General Motors (NYSE:GM) -12.0% to 258K, Ford (NYSE:F) -6.8% to 233K, Toyota (NYSE:TM) -8.1% to 223K, Fiat Chrysler (NYSE:FCAU) -2.1% to 198K, Honda (NYSE:HMC) -1.0% to 153K, Nissan (OTCPK:NSANY) +0.2% to 135K, Hyundai/Kia (OTC:HYMLF) -8.8% to 155K, Subaru (OTCPK:FUJHY) +0.9% to 50K, Volkswagen -13.8% to 49.5K.
Thu, May 26, 12:14 PM
- RIght now, the chance of an affirmative vote in the Brexit referendum is looking mighty slim, so it's hard to imagine much of an edge here. Nevertheless, the team at JPMorgan has identified 22 U.S. stocks with the highest U.K. exposure as a percent of revenue. These names would thus theoretically benefit from a "Remain" vote.
- Penske (NYSE:PAG), PPL Corp. (NYSE:PPL), PRA Health (NASDAQ:PRAH), Invesco (NYSE:IVZ), Xerox (NYSE:XRX), Ford (NYSE:F), Copart (NASDAQ:CPRT), CBRE Group (NYSE:CBG), Genesee & Wyoming (NYSE:GWR), eBay (NASDAQ:EBAY), Marsh & McLennan (NYSE:MMC), MSCI (NYSE:MSCI), ON Semi (NASDAQ:ON), Aon (NYSE:AON), PayPal (NASDAQ:PYPL), Crane (NYSE:CR), Maximus (NYSE:MMS), Legg Mason (NYSE:LM), Guidewire (NYSE:GWRE), Signet (NYSE:SIG), Fair Isaac (NYSE:FICO), DST Systems (NYSE:DST).
Wed, May 25, 10:19 AM
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, 1:39 PM
- Ford (F -0.2%) Chairman Bill Ford said at a Detroit Startup Week event that the company is active in investing in self-driving vehicle technology, electric cars, and other next-gen initiatives even if it doesn't talk about them quite as much as peers.
- The automaker didn't disclose any new partnerships, although Bill Ford told the audience that "you'll hear more from us as this year goes on."
- Ford believes strongly that Detroit should be "ground zero" for new automobile industry innovation instead of Silicon Valley.
Tue, May 17, 7:41 AM
- Ford (NYSE:F) car registrations +4.0% to 89,145 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.
- Ford market share: 6.8% vs. 7.1% a year ago.
- Ford YTD registrations +6.8%.
- EAMA release (.pdf)
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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