What's your position on ?
Why are you ish?
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Oct. 31, 2015, 12:51 PM
- The European Automobile Manufacturers Association issued a statement this week in which it forecasts that a "substantial number" of diesel models will have to be phased out earlier than anticipated.
- The harsh assessment was mirrored by several heavyweight CEOs at the Tokyo Motor Show. The major focus of the event has been next-gen concepts like hydrogen-powered cars and self-driving features, while execs such as Nissan's Carlos Ghosn have marginalized the future of diesel.
- Many automobile industry insiders have noted that diesel was in decline due to the focus on emissions even before Volkswagen (OTCQX:VLKAY) rocked the industry with a cheating scandal.
- The mix of technology, EV, hydrogen, and powertrain changes have kept analysts buzzing over the proper valuations to assign to major players. A reset of demand expectations in China also factors in significantly.
- Automobile industry stocks: DAN, BWA, MTOR, TRW, FDML, DLPH,GNTX, SMP, AXL, MPAA, ALV, MOD, DLPH, VC, THRM, WPRT, GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, TTM, TSLA, THRM, BWA, JCI, TEN, CPS, LDL, TOWR, OTCPK:PEUGF, OTC:RNSDF, OTCPK:RNLSY.
- Previously: Hydrogen and self-driving cars the talk at the Toyota Motor Show (Oct. 29)
Oct. 29, 2015, 11:04 AM
- Ford (NYSE:F) plans to run a Friends & Neighbors promotion from November 3 to January 4 in an effort to drive sales on 2015 and 2016 models. Extra incentives of up to as much as $2K are believed to be part of the offer.
- The automaker's strategy is to invest in market share after seeing its slice of the pie fall over the last year amid the F-150 ramp-up.
- In interviews yesterday, Ford execs downplayed the significance of the promotions. However, a leaked memo obtained by Bloomberg instructs dealers to use "all resources" to make the Friends and Neighbors promotion the best sales event ever.
Oct. 28, 2015, 9:02 AM
- Ford (NYSE:F) announces a series of recalls in North America.
- 129K Ford Edge and Lincoln MKX cars from the model years 2009 and 2010 were recalled due to a potential fuel tank issue.
- 72K 2016 Ford E-Series vehicles were recalled due to a problem with the trailer brake controller.
- A safety compliance recall was issued on 1.9K 2016 Ford Mustangs to address potential damage to restraint parts from shipping.
Oct. 27, 2015, 1:14 PM
- Kelley Blue Book estimates new car sales in the U.S. will increase 12% Y/Y in October to 1.43M units. The research firm lifts the 2015 sales forecast to 17.4M units after factoring in the strong demand this fall.
- The compact SUV/crossover segment is expected to see a 38% sales pop in Oct. to 215K units. The compact car segment was the slow-mover at 3.5% growth.
- Forecasts by major manufacturers are posted below.
- General Motors (NYSE:GM): +10.2% Y/Y to 250K units, market share of 17.5%.
- Ford (NYSE:F): +16.6% to 219K, market share of 15.3%.
- Toyota (NYSE:TM): +9.6% to 198K units, market share 13.8%.
- Fiat Chrysler Automobiles (NYSE:FCAU): +12% to 191K units, market share of 13.4%.
- Honda (NYSE:HMC): +11.4% to 135K units, market share 9.4%.
- Nissan (OTCPK:NSANY): +16.4% to 120K units, market share 8.4%.
- Hyundai/Kia (OTC:HYMLF): +16.1% to 110K, market share 7.7%.
- Volkswagen/Audi(OTCQX:VLKAY): +1.8% to 50K, market share 3.5%.
- Note: This October has one extra selling day compared to a year ago.
Oct. 27, 2015, 9:34 AM
- Ford (F -4%) CFO Bob Shanks said during the earnings conference call that the EPS miss by the company was due "entirely" to a higher tax rate than anticipated.
- Shanks notes operating results were spot on, but Wall Street analysts pegged the tax rate at 34% vs. 33% reported.
- Execs with Ford also pointed to the $1.9B in net income and meaningful contribution from the F-150 as highlights from the quarter. Also of note, Q3 automotive-related cash flow was a record $2.8B.
- Looking ahead, Ford says it's well-positioned to take advantage of the "disruption" in the industry.
- Ford's earnings call webcast
- Previously: Ford Motor misses by $0.02, beats on revenue (Oct. 27 2015)
- Previously: Profit soars at Ford in Q3 (Oct. 27 2015)
Oct. 27, 2015, 7:45 AM
- Ford (NYSE:F) is lower in early trading after narrowly missing the Q3 profit estimate of analysts.
- The automaker generated pre-tax profit of $2.7B, up 125% from a year ago. Net income was $1.9B vs. $1.1B last year.
- Operating margin by region: North America 11.3%, South America -10.3%, Europe -2.6%, Middle East/Africa -1.6%, Asia Pacific +0.8%.
- Ford earnings release (.pdf)
- Previously: Ford Motor misses by $0.02, beats on revenue (Oct. 27 2015)
- Ford -3.38% premarket to $15.15.
Oct. 27, 2015, 7:05 AM
- Ford Motor (NYSE:F): Q3 EPS of $0.45 misses by $0.02.
- Revenue of $38.1B beats by $3.03B.
Oct. 26, 2015, 5:30 PM
- AHGP, AIXG, AKS, AME, AMTD, ARG, ARLP, AVX, AXE, BABA, BAX, BEAV, BMY, BP, BTU, CMCSA, CMI, CNC, CNX, COH, CPLA, CRY, CVLT, CYNO, DD, ERJ, F, FBC, FCH, FDP, FMER, GLW, GPI, GRUB, HCA, HUN, ICLR, IIVI, IMGN, IPGP, IPI, IR, JBLU, LPT, LRN, LXK, MAS, MDC, MDSO, MGLN, MMC, MNI, MRK, MSM, NCI, NVS, ONE, PCAR, PCH, PCRX, PFE, POL, POR, QSR, RAI, RDN, SAVE, SCHN, SEE, SIR, SPG, SPR, ST, SUI, TMUS, TREX, TXT, UPS, UTHR, WAT, WDR, WM, WSO, WYN, YNDX
Oct. 24, 2015, 10:23 AM
- The gigantic bet by Ford (NYSE:F) on using aluminum in the popular F-150 line is starting to pay off as production wrinkles smooth out and consumers show confidence in the truck's reliability.
- The gap between Ford F-150 sales and Chevrolet Silverado sales has widened in recent months as positive reviews on performance continue to pour in.
- F-150 sales in September improved 16.4% Y/Y to 69,651 units. Perhaps more important than the raw volume number, the average F-10 sticker price was up $6.1K from a year ago.
- What's next: An aluminum-bodied Ford Expedition was spotted near the Ford development center in Dearborn, Michigan.
- Bottom line: Ford is up 11.8% over the last 52 weeks. Some auto industry analysts think that concerns on the F-150 roll-out have been a drag on share price.
Oct. 23, 2015, 4:01 AM
- On to General Motors! Fresh from securing member approval of a labor contract with Fiat Chrysler, the United Auto Workers is turning its attention to wage negotiations at GM, where union leaders believe they have the best chance of sealing a quick deal.
- Officials aim to use the new four-year pact reached at Fiat Chrysler as a template for talks, although UAW President Dennis Williams has signaled he will press for a richer deal because GM is more profitable.
- In the meantime, talks with Ford (NYSE:F) will be put on the back burner.
- Previously: The UAW approves deal for Fiat Chrysler workers (Oct. 22 2015)
Oct. 22, 2015, 1:58 AM
- Approval of a four-year labor contract with Fiat Chrysler (NYSE:FCAU) appeared headed for victory Wednesday night after United Auto Workers members showed overwhelming support for the deal.
- The final results of the ratification vote are expected to be issued today. If approved, UAW President Dennis Williams will next move his focus to winning similar contracts at Ford (NYSE:F) and General Motors (NYSE:GM).
Oct. 21, 2015, 10:20 AM
- Automobile stocks are largely higher after General Motors (NYSE:GM) reports record profit for Q3.
- GM is leading the pack with a 4% gain - while Daimler (OTCPK:DDAIF +2.6%), Honda (HMC +2.5%), Toyota (TM +1.7%), Nissan (OTCPK:NSANY +1.6%), Ford (F +0.9%), and BMW (OTCPK:BAMXY +1%) are all ahead of market indexes. Even Volkswagen (OTCQX:VLKAY) is clawing itself back with a 2.1% increase.
- The two laggards are Fiat Chrysler Automobiles FCAU which is down 2.9% and Tesla Motors (TSLA -0.8%). Fiat was hit with a negative EU tax ruling and has the Ferrari (NYSE:RACE) IPO stealing some of its thunder, while Tesla Motors is still stinging from a Consumer Reports jab yesterday.
Oct. 20, 2015, 9:10 AM
- Ford (NYSE:F) announces a series of leadership changes near the top of its management roster.
- Included in the promotions are new manufacturing VPs in Europe and Asia. Some analysts think that the successful integration of new technologies into the automobile manufacturing process is an area where some companies can separate themselves from the pack.
- Another notable change is the appointment of Bradley Guyton as Ford's general counsel to replace the retiring David Leitch.
Oct. 16, 2015, 10:21 AM
- Changan Ford Automobiles announces it recalled 220K Kuga SUVs in China due to the risk of a fuel leak after usage on bumpy roads.
- The Chinese automaker is a joint venture between Ford (NYSE:F) and Changan Automobile Group which has been operating for over 15 years in the nation.
- SUV sales in China have been strong this year amid an automobile market that has performed below expectations.
Oct. 16, 2015, 7:22 AM
- Ford (NYSE:F) car registrations +8.1% to 110,306 units in September, according to the European Automobile Manufacturers Association.
- Overall EU registrations +9.8% Y/Y to 1,394,223 units in September led by double-digit demand growth in France, the UK, and Italy.
- Ford market share: 7.9% vs. 8.0% a year ago. Ford YTD registrations +7.0%.
- EAMA release (.pdf)
Oct. 13, 2015, 9:56 AM
- Kelley Blue Book named its finalists for the 2016 Best Buy Awards which is aimed at giving the consumers its top picks for quality and value. KBB pared down a list of over 300 new-car models. A couple key categories are listed below.
- 2016 Pickup Truck finalists: Chevrolet Colorado (NYSE:GM), Ford F-150 (NYSE:F), Nissan Titan (OTCPK:NSANY), Toyota Tacoma (NYSE:TM).
- 2016 Full-size SUV finalists: Chevrolet Tahoe, Ford Expedition, Toyota Sequoia.
- 2016 Luxury Car finalists: Acura ILX (NYSE:HMC), Lexus GS, Mercedes-Benz C-Class (OTCPK:DDAIF).
- Perhaps the biggest surprise is in the Electric/Hybrid category. The new Chevrolet Volt, Volkswagen e-Golf (OTCQX:VLKAY), and hydrogen-concept Toyota Mirai made the short list.
Other News & PR