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Sep. 18, 2014, 7:27 AM
Sep. 18, 2014, 3:16 AM
- The Consumer Financial Protection Bureau has put forward a plan to begin supervising the finance units of major car companies, overseeing the 38 largest nonbank lenders in the automotive industry.
- Under the plan, the regulator will scrutinize whether nonbank car-loan providers are discriminating against minorities, using deceptive tactics in marketing loans and following debt-collection laws.
- The new plan would put the finance divisions of major automakers under federal supervision for the first time.
- Related tickers: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, KMX
Sep. 17, 2014, 2:32 PM
- Investors have been lulled by a lack of volatility, but October is on the way, reminds Goldman, and it's time to buy options (volatility) on a number of companies where the market has yet to price in event risk.
- "On average since 1928, October realized volatility has been 19 vs 15 for all other months," say the Goldman team of John Marshall and Katherine Fogertey. "In recent years, October volatility has been even higher and even more of a standout."
- Bristol-Myers Squibb (NYSE:BMY), Dish Network (NASDAQ:DISH), Intel (NASDAQ:INTC), Ford (NYSE:F), J.C. Penney (NYSE:JCP), and Pioneer Natural Resources (NYSE:PXD) are all names, they say, that have key events in October for which the options market has not priced in elevated volatility.
Sep. 17, 2014, 8:23 AM
Sep. 17, 2014, 7:36 AM
- Automobile registrations increased 1.8% to 701K vehicles in August, according to the European Automobile Manufacturers Association.
- The rate of monthly growth is the slowest of the year.
- Sales declined slightly during the month in Germany, France, and Italy.
- Sales growth by automaker: Volkswagen (OTCQX:VLKAY) +9.4%, Peugeot (OTCPK:PEUGY) +1.9%, Fiat (OTCPK:FIATY) -2.8%, General Motors (NYSE:GM) -14.7%, Renault (OTC:RNSDF) -3.1%, Daimler (OTCPK:DDAIF) -5.3%, Toyota (NYSE:TM) -6.2%, Ford (NYSE:F) +17.4%, BMW (OTCPK:BAMXY) -1.4%, Fiat (OTCPK:FIATY) -2.8%, Nissan (OTCPK:NSANY) +1.6%, Hyundai (OTC:HYMLF) +2.0%.
Sep. 15, 2014, 9:29 AM
Sep. 8, 2014, 6:53 AM
- Morgan Stanley pushes Ford (NYSE:F) down to an Underweight rating from a lofty Overweight position.
- The investment firm sets a $16 price target on shares of the automaker.
- F -2.0% premarket to $16.80.
Sep. 5, 2014, 2:46 PM
- Ford (F -0.7%) recalls 191K cars in China to replace some parts after a quality watchdog found a fuel leak risk in the Ford Focus, the country's best-selling compact sedan.
- Ford's Chinese venture is recalling New Focus and Classic Focus sedans produced as far back as 2009.
- It is unclear how the recall will affect Ford's business in China, but sales already are showing signs of a slowdown, rising 9% Y/Y in August after posting double-digit growth in all other months this year and a 49% surge in 2013.
Sep. 4, 2014, 7:51 AM
- Ford (NYSE:F) exec John Felice says lower sales for the F-series is forecast for the rest of the year in front of the highly-anticipated launch of the 2015 aluminum F-150.
- F-150 sales fell 4.2% to 68,109 in August.
- Felice says dealership inventory totals for the F-series are on track with what the automaker expected.
- Ford U.S. Sales Conference Call (webcast)
- F -0.1% premarket
Sep. 3, 2014, 9:41 AM
- Ford (F +0.7%) reports saw demand for trucks fall in August compared to last year's level, although sales of the F-Series easily topped the 60K level again.
- Sales growth by brand: Ford +0.4% to 214,028; Lincoln -0.6% to 8,146.
- Sales growth by model: Ford Fusion +19.5% to 29,452; Ford Fiesta -17.1% to 5,592; Ford Mustang +0.2% to 5,878; Ford F-Series -4.2% to 68,109; Ford Explorer +25.4% to 17,748; Ford Transit (new) 1,099; Lincoln MKZ -22.2% to 2,841.
Sep. 3, 2014, 9:35 AM
Sep. 2, 2014, 1:07 PM
- Aston Martin selects Andy Palmer to be its new CEO
- Palmer was the exec in charge of Nissan's electric vehicle program.
- The buzz in the industry is that development on several new Aston Martin models, including a SUV, is in the works.
- Daimler (OTCPK:DDAIF) holds a 5% stake in Aston Martin as part of a technology-sharing arrangement, while former parent Ford (NYSE:F) still owns ~15% of the automaker.
Aug. 30, 2014, 6:15 PM
- Fiat Chrysler Automobiles has a target date of October 13 for its NYSE launch, according to Fiat (OTCPK:FIATY) CEO Sergio Marchionne.
- A major merger hurdle was cleared this week by Fiat to help keep the reorganization on track.
- Paying for Fiat's five-year, €48B ($64B) growth plan could be a challenge. Marchionne says a decision on a capital increase will be made in October after the new FCA shares are trading hands.
- What to watch: Chrysler has had strong sales in the U.S. this year and is tipped by Kelley Blue Book to show double-digit growth for August. Automobile industry analysts think the NYSE listing could provide another jolt for the brand and help reinforce the trend of the Big Three (GM, F) out-performing some foreign automakers (Volvo, Volkswagen, Hyundai) unable to compete at scale.
Aug. 29, 2014, 10:27 AM
- Global auto sales rose 1.5% in July to 6.87M units.
- A strong month in China and India helped offset weakness in Japan, Brazil, and Russia.
- YTD sales are up 2.6% Y/Y to 50.2M units through July, paced by strong demand in North America and Asia.
- What to watch: South America continues to see its market share for global auto sales slide. The region could see automakers pull back further on capacity and investments due to the slump.
- Automakers: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM
Aug. 28, 2014, 9:42 AM
- Kelley Blue Book forecasts U.S. auto sales will fall 1% in August to 1.49M units.
- The decline is attributable to a difference in selling days during the period compared to last August.
- All segments are expected to see lower sales totals except for compact SUV/crossover which is tapped for a 6.2% gain.
- KBB sales forecast by manufacturer: General Motors (NYSE:GM) -1.0% to 273K; Toyota (NYSE:TM) -4.6% to 221K; Ford (NYSE:F) -1.5% to 217K; Chrysler (OTCPK:FIATY) +11.1% to 184K; Honda (NYSE:HMC) -8.1% to 153K; Nissan (OTCPK:NSANY) +1.2% to 122K; Hyundai (OTC:HYMLF) -1% to 117K; Volkswagen (OTCQX:VLKAY) -11.6% to 51K.
Aug. 28, 2014, 7:23 AM
- Production on Ford's (NYSE:F) next-gen Mustang began today with the automaker aiming to sell the iconic model in 120 nations.
- The latest version of the Mustang has been designed to appeal to global buyers, while keeping the traditional design and muscle (300-horsepower base V-6, 435-horsepower V-8).
- The company says it will add a third crew of workers at a plant in Michigan if demand takes off.
- Sales of the Mustang are up 3.9% Y/Y to 50,795 through the end of July.
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