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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.
Oct. 13, 2015, 2:26 AM
- The proposed labor contract between the United Auto Workers union and Fiat Chrysler (NYSE:FCAU) isn't necessarily the same wage deal that will be pressed upon other Detroit automakers, UAW Vice President Jimmy Settles told Ford (NYSE:F) workers.
- For several years, contract deals struck by Ford, General Motors (NYSE:GM) and Chrysler have largely mirrored one another, but the union's longtime commitment to pattern bargaining seems to be weakening based on the diverging finances of the carmakers.
- Previously: UAW workers to vote on Fiat Chrysler deal (Oct. 09 2015)
Oct. 12, 2015, 2:30 AM
- Looking to secure a larger slice of the world's biggest auto market, Ford (NYSE:F) will invest 11.4B yuan ($1.8B) over the next five years to expand research and development in China.
- The company also expects to introduce the C-MAX Energi, a plug-in hybrid, and the Mondeo conventional hybrid to the Chinese market next year.
- Beijing has been trying to encourage more electric vehicles to combat pollution, but progress has been slow due to the lack of infrastructure.
Oct. 8, 2015, 9:06 AM
- Ford Motor (NYSE:F) declares $0.15/share quarterly dividend, in line with previous.
- Forward yield 4.07%
- Payable Dec. 1; for shareholders of record Oct. 30; ex-div Oct. 28.
Oct. 8, 2015, 2:05 AM
- The United Auto Workers union has reached a tentative deal with Fiat Chrysler Automobiles (NYSE:FCAU) on a new four-year contract, averting a strike of the automaker's U.S. operations.
- Local UAW leaders will gather in Detroit on Friday to hear the details of the deal, while Fiat Chrysler's 40K union workers will have to vote again to finalize the agreement.
- If the pact is ratified, the UAW will likely use it as a template for negotiations with General Motors (NYSE:GM) and Ford (NYSE:F).
- Previously: Fiat Chrysler works against the clock to prevent strike (Oct. 07 2015)
Oct. 7, 2015, 3:47 PM
- Ford Europe (NYSE:F) reports sales rose 8% in September on the continent as the subsidiary showed gains in 12 of 20 European markets.
- The company's volume leaders in Europe during the month were the Fiesta (37.8K), Focus (24.8K), Transit Custom (11.7K), and Kuga (9.6K).
- The markets where Ford Europe had the highest market share were Ireland (16.7%), Britain (13.5%), and Turkey (13.0%).
- Ford Europe sales release (.pdf)
Oct. 7, 2015, 10:22 AM
- Automaker stocks are higher again as investors reset expectations on the group with the major implications of the Volkswagen scandal appearing to be limited to Germany. A positive view on the impact of the Trans-Pacific Partnership on the industry is also a significant factor.
- Gainers include Honda (HMC +5%), Tata Motors (TTM +5.2%), Fiat Chrysler Automobiles (FCAU +3.3%), Toyota (TM +1.9%), and Ford (F +2.8%).
- A scan of the broader auto industry shows Kandi Technologies (KNDI +4.4%), Navistar (NAV +11.7%), Federal-Mogul (FDML +3.7%), and Delphi Automotive (DLPH +2.2%) are also notably higher.
- Previously: Quiet rally continues for Detroit Three (Oct. 06 2015)
Oct. 6, 2015, 3:00 PM
- Shares of General Motors (NYSE:GM), Fiat Chrysler Automobiles (NYSE:FCAU), and Ford (NYSE:F) have put quietly put together a string of good sessions.
- GM and Fiat Chrysler are both up 9.8% over the last five trading days, while Ford is 6.1% higher. Those marks are much higher than broad market averages over the same time period, and top the returns of Japanese and German automakers.
- The gains were struck even with the UAW gearing up for a labor battle and the Volkswagen scandal hanging heavy over the sector. Investors appear to be focusing on the strong U.S. sales reports delivered by the Detroit Three on October 1.
- Previously: Strong U.S. auto sales tally helps investors shake off VW anxiety (Oct. 01 2015)
Oct. 6, 2015, 7:08 AM
- Car registrations in the U.K. were strong in September, despite the Volkswagen scandal which occurred in mid-month.
- Registrations were up 6% to 462K new cars. YTD registrations are up over 2M through September for the first time since 2004.
- Volkswagen brand registrations were up 4%, while Audi saw an 11% gain.
- The best selling models in the U.K. during the month were the Ford Fiesta (NYSE:F), Vauxhall Corsa (NYSE:GM), and Ford Focus.
Oct. 3, 2015, 11:02 AM
- An UAW union repping workers at a Ford (NYSE:F) plant in Missouri reached a tentative agreement with the company.
- Workers still need to vote on the deal which covers employment conditions, not wage levels being negotiated on a national level.
- The development is crucial for Ford as the Kansas City-area plant is a major producer of the new F-150. Any slowdown in production would create a ripple of worry with F-150 sales continuing to ramp up.
- Overall F-Series U.S. sales were up 16% to over 69K units in September. The F-Series has delivered over 564K units in the U.S. YTD.
Oct. 1, 2015, 12:13 PM
- New car prices rose 2.0% Y/Y to an average transaction price of $33,730, according to Kelley Blue Book.
- Prices were 0.5% from the level seen in August.
- The Detroit Three (GM, F, FCAU) led the way on pricing gains to make their impressive sales growth reported earlier today look even stronger. GM's average price was up 3.7% to $38,656. Ford came in with a 3.8% rise to $36,803. Fiat Chrysler's ATP was up 4.1% to $34,809.
- A higher mix of passenger cars impacted pricing at Toyota. ATP +0.6% to $30,733.
- Volkswagen (OTCQX:VLKAY) was the only major automaker with a drop in ATP, presumably impacted at the end of the month with its emissions cheating scandal. Next month could be even dicier for the German automaker.
- Previously: Strong Jeep demand paces Fiat Chrysler in Sep. (Oct. 01 2015)
- Previously: GM higher after powerhouse month of U.S. sales (Oct. 01 2015)
- Previously: Ford swoops up U.S. market share in Sep. (Oct. 01 2015)
Oct. 1, 2015, 9:52 AM
- Ford (F +0.6%) posted its best retail month since 2004 off of strong
- SUV sales rose 27% during the month, while Lincoln surprise with brisk demand. Utilities sales sizzled with a 27% pop and the new Ford Transit van continued to gain momentum.
- Sales growth by brand: Ford +23.1% to 212,919; Lincoln +19.6% to 8,680.
- Sales growth by model: Ford Fiesta +67% to 6,996; Ford Fusion +15% to 24,942; Ford C-MAX +10% to 1,966; Ford Mustang +199% to 9,456; Ford F-Series +16% to 69,651 (EcoBoost accounted for 64%); Ford Explorer +38% to 19,005; Ford Transit 10,154 (new); Ford Edge +33% to 10,262; Lincoln MKX +34% to 2,136; Lincoln MKC +16% to 2,039; Lincoln Utilities +23% to 5,687..
- Ford YTD U.S. sales +4.6% to 1,972,188 units.
- Previously: Ford September U.S. sales: +23% (Oct. 01 2015)
Oct. 1, 2015, 9:31 AM
- Ford (NYSE:F) unit sales +23% to 221,599 units vs. +22% expected by analysts. A later Labor Day holiday impacted the year-over-year comparison
- Passenger car sales 19% to 63,732 units.
- Utilities sales +27% to 69,892 units.
- Truck sales +23% to 87,795 units.
Oct. 1, 2015, 7:45 AM
- United Auto Workers union members reject a tentative contract offered by Fiat Chrysler (NYSE:FCAU), the first time a tentative national labor contract has been rejected by UAW members in 30 years.
- UAW President Dennis Williams is scheduled to meet with hundreds of UAW local officials today in Warren, Mich., to discuss the union's next step and whether issues such as two-tier pay structure can be resolved if he were to return to bargaining with FCAU CEO Sergio Marchionne.
- Williams had hoped to use a contract to wring higher payouts from the financially stronger Ford (NYSE:F) and GM, who already balked at the FCAU contract.
Sep. 30, 2015, 11:32 AM
- UAW workers at Fiat Chrysler Automobiles (NYSE:FCAU) appear likely to reject the new four-year agreement hashed out with labor reps earlier this month.
- Sources tell The Detroit Free Press that the voting came in strongly against ratifying the deal at key plants in Toledo and Sterling Heights. Not all the separate UAW votes have been counted yet.
- If the UAW goes back to the negotiating table with Fiat, it will push talks with Ford (NYSE:F) and GM (NYSE:GM) further down the calendar.
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