Ford Motor CompanyNYSE
Today, 7:15 AM
- UBS predicts the era of diesel passengers cars is slowly coming to an end as manufacturers adopt a higher mix of hybrid and electric powertrains.
- The investment firm sees a drop of global diesel market share to 4% in 2025, from a current share of about 13.5%.
- The development is seen as positive for Ford (NYSE:F), General Motors (NYSE:GM), Tesla (NASDAQ:TSLA), Nissan (OTCPK:NSANY), Honda (NYSE:HMC), Toyota (NYSE:TM) and Hyundai (OTC:HYMLF). The slide in diesel market share will hurt Fiat Chrysler Automobiles (NYSE:FCAU), BMW (OTCPK:BMWYY), Peugeot (OTCPK:PEUGF, OTCPK:PUGOY), Renault (OTC:RNSDF) and Volkswagen (OTCPK:VLKAY), warns UBS. European oil refinerers could also feel a neagtive impact.
- Source: Bloomberg
- Previously: EVs a long-term wildcard in the oil market (Dec. 3)
Yesterday, 12:05 PM
- Ford (F +1.8%) is set to tap the debt market for the first time in four years with a plan to raise about $2B. 10-year and 30-year bonds are due to be priced today.
- The funds will go toward investments in new technology, according to Ford president of the Americas Joe Hinrichs.
- "It’s a supportive marketplace for long-term debt given where rates are, and we want to make sure that throughout the cycle of the industry we have the flexibility to do what we need to do and want to do, especially in the emerging part of the business," the exec tells Reuters.
Sat, Dec. 3, 11:33 AM
- Electric vehicles are forecast to cut into oil demand by 1M-2M bbl/day by 2035, according to oil industry consultant Wood McKenzie.
- That estimate is actually much more conservative than Bloomberg New Energy Finance’s estimate for EVs to impact demand by 8M bbl/day by 2035. For perspective, OPEC agreed this week to coordinated production cuts of 1.2M bbl/day which swung crude oil prices wildly. EVs are only sipping up the equivalent of 50K bbl/day currently.
- The general consensus even in the oil industry is that governments are moving toward major changes with pollution and emissions regulations. Just this week, the cities of Paris, Mexico City, Madrid and Athens all said they would ban the use of diesel vehicles by 2025. Beijing is also slowly adopting pro-EV policies.
- A higher mix of EVs in the future has already been tipped off by the dramatic long-term electrification initiatives announced this year by companies such as BMW (OTCPK:BMWYY), Volkswagen (OTCPK:VLKAY), Ford (NYSE:F) and Toyota (NYSE:TM). Around the corner, Tesla Motors (NASDAQ:TSLA) and General Motors (NYSE:GM) have their mass model EVs ready to roll - while new EV trucks, buses and motorcycles are also on the way.
- WTI crude oil futures +1.21% to $51.68/bbl on Friday. Brent crude +0.96% to $54.46/bbl.
- ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, SZO, OLEM, OILK, OILX.
Fri, Dec. 2, 9:07 AM
Thu, Dec. 1, 12:03 PM
Thu, Dec. 1, 9:32 AM
- Ford (F +2.3%) reports F-Series sales topped 70K and SUV sales were over 60K during November in the U.S.
- The automaker's overall retail sales tally came in up 10% Y/Y, while fleet sales fell 9%.
- Lincoln brand sales increased 19% to 9,429 units, led by strong demand for the MKC and MKX.
- TrueCar estimates on Ford: Average transaction price +2.9% Y/Y to $35,978. Incentive spending +23% to $3,982 per unit.
- Previously: Ford tops estimates with 5% U.S. sales growth in Nov. (Dec. 1)
Thu, Dec. 1, 9:25 AM
- Ford (NYSE:F) unit sales +5.2% to 197,754 to top estimates. Two extra selling days this year compared to a year ago factored into the gain.
- Passenger car sales -10% to 44,088 units.
- SUV sales +19% to 65,459 units.
- Truck sales +5% to 88,027 units.
- YTD U.S. sales flat at 2.3748M units.
- Shares of Ford are +2.34% premarket to $12.24.
Wed, Nov. 30, 9:59 AM
- A top Trump advisor says the President-elect will only use the threat of tariffs as a last resort.
- While the development isn't a shocker in the political world, a tariff overhang has lingered over Ford (F +0.3%) and Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) since the election.
- Some analysts thinks Trump is likely to face increased pushback on dismantling NAFTA from the business world after he sets up in the Oval Office.
Tue, Nov. 29, 8:33 PM
- Ford (NYSE:F) says it will start testing autonomous cars in Europe next year. Engineering testing sites in Germany and England have already been selected.
- Self-driving cars are already being analyzed on the road by the automaker in the U.S.
- Earlier this year, Ford delivered a thunderbolt to the automobile industry when it pledged to sell autonomous cars to the public by 2025.
- Previously: Ultra-fast EV charging network planned for Europe (Nov. 29)
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, 11:52 AM
- Elaine Chao is the pick of Donald Trump to be the Secretary of Transportation, according to numerous media outlets.
- Chao served in the cabinets of Bush 41 and Bush 43. Early analysis is that she may be a known quantiy to the Detroit Three (GM, F, FCAU) who worked closely with her on a post-9/11 task force and broadly during the Bush years.
- The big picture: There's been some concern over the impact of the Trump administration for EV sellers such as Tesla Motors (TSLA -1.9%), Nissan (OTCPK:NSANY) and Toyota (TM +0.7%) -- although the $7.5K federal tax break is already set to expire when automakers cross over the 200K U.S. EV sale mark. Federal fuel efficiency targets could be rolled back after Trump takes office, although some industry watchers think manufacturers are too far along in their EV, ridesharing and mobility projects to put the genie back in the bottle.
Fri, Nov. 25, 9:46 AM
- U.S. automobile sales are expected to increase 4.2% to a record 1.37M units in November, according to a forecast from Kelley Blue Book. The previous high for the month was 1.32M units.
- This November includes two extra selling days than last year which provides an obvious boost. A high level of promotions around the Black Friday weekend is also seen as a sales driver.
- KBB's forecast by automaker: General Motors (NYSE:GM) +8.6% to 249K, Toyota (NYSE:TM) +2.9% to 195K, Ford (NYSE:F) +0.1% to 187K, Fiat Chrysler Automobiles (NYSE:FCAU) -4.5% to 168K, Honda (NYSE:HMC) +9.1% to 126K, Nissan (OTCPK:NSANY) +8.3% to 116K, Hyundai-Kia (OTC:HYMLF) +7.0% to 113K, Subaru (OTCPK:FUJHY) +15.0% to 53K, Volkswagen (OTCPK:VLKAY) +5.5% to 47.5K.
- Tesla Motors (NASDAQ:TSLA) isn't running up the volume quite yet to make the KBB list, but that is expected to change in 2017.
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, 10:55 PM
- Pres.-elect Trump tweets that Ford (NYSE:F) Chairman Bill Ford told him the company would not move production of Lincoln vehicles at a Kentucky plant to Mexico.
- “Just got a call from my friend Bill Ford, Chairman of Ford, who advised me that he will be keeping the Lincoln plant in Kentucky - no Mexico,” according to Trump.
- A Ford spokesperson says the company "confirmed with the President-elect that our small Lincoln utility vehicle made at the Louisville Assembly plant will stay in Kentucky."
- Ford has a major assembly plant in Louisville, which builds the Ford Escape and Lincoln MKC crossovers and employs ~4,700 people, but it has not previously indicated that it was considering moving Lincoln production from the U.S. to Mexico.
Thu, Nov. 17, 9:15 AM
- Ford (NYSE:F) car registrations -1.6% to 77,122 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.
- Ford market share: 6.8% vs. 6.9% a year ago.
- Ford YTD registrations +3.7%.
- EAMA release (.pdf)
Thu, Nov. 17, 2:25 AM
- Ford's (NYSE:F) new EcoSport is set to become the smallest SUV in the Detroit automaker's line-up, but it could also fuel the big debate over automotive trade.
- That's because the model will roll off a Ford assembly line in India, rather than one in the U.S.
- The carmaker has also made plans to move all of its small car production to Mexico - a decision frequently cited by President-elect Donald Trump during his campaign.