General Motors CompanyNYSE
Wed, Oct. 26, 1:47 PM
Wed, Oct. 26, 12:41 PM
- TrueCar estimates new U.S. vehicles sales will fall 6.6% in October to 1.36M units.
- The forecast doesn't adjust for the two fewer selling days in the period this year. Hurricane Matthew was also a negative factor on sales during the month.
- Rather suddenly, one of the more common words in the automobile sector in relation to sales growth has been "plateau" or variations of the noun. "As retail demand plateaus automakers will be forced to make the critical decision to cut vehicle production or increase incentives,' notes TrueCar analyst Eric Lyman.
- Incentive spending is forecast to increase 16% Y/Y during October.
- TrueCar's sales forecasts by automaker are posted below.
- BMW (OTCPK:BMWYY) -10.7% to 30K units, market share 2.2% vs. 2.1% last month.
- Daimler (OTCPK:DDAIF) +0.1% to 32.5K units, market share 2.4% vs. 2.3% last month.
- FCA (NYSE:FCAU) -11.0% to 175K units, market share 12.9% vs. 13.5% last month.
- Ford (NYSE:F) -9.9% to 192K units, market share 14.1% vs. 14.2% last month.
- General Motors (NYSE:GM) -8.9% to 239.5K units, market share 17.6% vs. 17.4% last month.
- Honda (NYSE:HMC) -2.8% to 128K units, market share 9.4% vs. 9.3% last month.
- Hyundai (OTC:HYMLF) -7.0% to 55.8K units, market share 4.1% vs. 4.6% last month.
- Kia (HYUMLF) -2.1% to 49K units, market share 3.6% vs. 3.4% last month.
- Nissan (OTCPK:NSANY) -2.6% to 113K units, market share 8.3% vs. 8.9% last month.
- Subaru (OTCPK:FUJHY) +0.7% to 52K units, market share 3.8% vs. 3.8% last month.
- Toyota (NYSE:TM) -1.5% to 201K units, market share 14.8% vs. 13.7% last month.
- Volkswagen (OTCPK:VLKAY) -16.9% to 43.5K units, 3.2% vs. 3.2% last month.
- Research firms are likely to include Tesla Motors (NASDAQ:TSLA) in their monthly forecasts in the future as the EV automaker scales up with increased production of the Model S, Model X and the Model 3 in due time.
Wed, Oct. 26, 2:20 AM
- General Motors (NYSE:GM) and IBM are combining AI system Watson with the carmaker's OnStar connectivity service in an effort to market new services to drivers.
- The feature, called "OnStar Go," is set to debut early next year in more than 2M GM vehicles with 4G service.
- ExxonMobil, MasterCard and Parkopedia are among the first brands to join the platform.
Tue, Oct. 25, 10:34 AM
- General Motors (GM -3.2%) trades lower, despite posting a record Q3 profit on strength in North America.
- Investors may be focused on the $100M loss in Europe and comments from CFO Chuck Stevens on that "very very challenging" market.
- Stevens noted the negative impact of Brexit on GM for cars built in the U.K. and sold in EU-denominated nations.
- During the conference call, GM execs acknowledged a leveling off of auto sales is expected. Ford execs have been saying the same thing for several months.
- Previously: General Motors beats by $0.28, beats on revenue (Oct. 25)
- Previously: GM higher after record profit in Q3 (Oct. 25)
- GM earnings call transcript
Tue, Oct. 25, 8:06 AM
- General Motors (NYSE:GM) brought in record net income of $2.8B during Q3.
- The company reports an EBIT-adjusted tally of $3.5B, up 14% Y/Y. The EBIT-adjusted margin rate was 8.3%.
- Segment EBIT-adjusted: North America +$3.5B, Europe -$100M, International Ops +$300M, South America -$100M, GM Financial +$200M.
- Automotive free cash flow of $3.5B was recorded during the quarter.
- GM says it expects full-year EPS at the high end of its previously-stated range of $5.50 to $6.00.
- Previously: General Motors beats by $0.28, beats on revenue (Oct. 25)
- GM +1.43% premarket to $33.45.
Tue, Oct. 25, 7:32 AM
Mon, Oct. 24, 5:30 PM
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Mon, Oct. 24, 3:24 PM
Mon, Oct. 24, 1:04 PM
- Toyota (NYSE:TM) and Lexus topped the annual car reliability survey from Consumer Reports once again. Responses from owners, track testing and safety data were all factored in to generate the Consumer Reports rankings.
- Buick (NYSE:GM) surprised with a jump up to the third spot on the list, while Audi (OTCPK:VLKAY) dropped a spot to fourth. Infiniti (OTCPK:NSANY) shot up 16 spots to land at eighth.
- Brands ranking near the bottom of the CR survey included GMC (GM), Tesla (NASDAQ:TSLA), Dodge, Chrysler (NYSE:FCAU), Fiat, and Ram.
- Model standouts: Toyota Prius, Lexus CT 200h, Infiniti Q70, Audi Q3, Lexus GX, Mercedes-Benz GLC.
- CR brand reliability survey
Mon, Oct. 24, 7:41 AM| Mon, Oct. 24, 7:41 AM | 1 Comment
Sat, Oct. 22, 10:42 AM
- While Tesla Motors (NASDAQ:TSLA) may have grabbed some headlines this week for its ambitious goals with autonomous driving (SAE level 5), the technology is being widely discussed across industries as a potential future reality.
- At a real estate conference in New York this week, a panel member called autonomous vehicles the biggest tech news concerning real estate in the last ten years. Some see a future reversal of urbanization trends in a development that could have significant investment implications.
- City planners and architects are already thinking of next-gen design. A paper titled "Beyond Google's Cute Car" (.pdf version) is a good example of how cities are being reimagined.
- Then there's this from the man who designed the 2015 Ford Mustang. "The next 10 years in this business is going to be the biggest change and challenge since the turn of the last century when cars took over for horses," said Ford design chief Moray Callum. Ford (NYSE:F) aims to have a high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021.
- Self-driving car development is a topic of discussion on FedEx (NYSE:FDX), UPS (NYSE:UPS), Lyft (Private:LYFT), Uber (Private:UBER), Hertz Global (NYSE:HTZ), Google (GOOGL, GOOG), Avis Budget (NASDAQ:CAR), Domino's Pizza (NYSE:DPZ) and Nvidia (NASDAQ:NVDA). Earnings season is just heating up, but a host of companies -- including OTCPK:TMOAF, OTCPK:DDAIF, OTCPK:VOLVY, MXIM, CPRT, WBC, GNTX and XLNX -- have already talked up the trend on their conference calls. GM reports earnings this week and will update on any self-driving Chevy Bolt plans.
- Looking ahead, insurance companies, chipmakers, truckers and cybersecurity firms (NYSEARCA:HACK) will be firmly in the self-driving conversation.
- So who has a profitable trade idea off of the evolution of cars?
Thu, Oct. 20, 8:28 AM
- Shares of Tesla Motors (NASDAQ:TSLA) are lower in early trading after the company announced it is loading all new cars with self-driving hardware.
- Elon Musk told reporters last night that he envisions that by the end of 2017 a Tesla vehicle will be able to drive from Los Angeles to New York without the driver touching the wheel. He also said the software system will be built by Tesla and run off of Nvidia (NASDAQ:NVDA) chips.
- Tesla's timetable is aggressive in relation to the stated plans of some rivals. Earlier this year, Ford (NYSE:F) said it aims to bring a high-volume, fully autonomous vehicle to the ride sharing industry by 2021, while Nissan has a target of 2020 for "commercially viable" autonomous models. General Motors (NYSE:GM) already has a pre-production Bolt EV out in the wild, but hasn't set a specific timetable for a fully autonomous version.
- Google (GOOG, GOOGL) is the company that has posted the most information about the challenges of the self-driving car initiative. A scan of Google's monthly reports is not a bad way to catch up on the burgeoning technology.
- Previously: Tesla announces all vehicles to be loaded with self-driving hardware (Oct. 19)
- TSLA -1.74% premarket to $200.01.
Wed, Oct. 19, 12:14 PM
- JPMorgan raises its Q3 EPS estimate on General Motors (GM +1.5%) to $1.59 vs. $1.54 prior and $1.44 consensus.
- "Our stronger General Motors estimate is in large part a result of General Motors production having tracked stronger during the quarter (+14% y/y vs. expectation of +10% y/y at the time of 2Q earnings)," reads the firm's note.
- GM is due to spill numbers on October 25. Shares of GM are up roughly 2% since the Q2 report was issued.
Wed, Oct. 19, 11:35 AM
- The focus on Apple's (AAPL -0.2%) influence in the automobile sector has shifted away from straight manufacturing to ways the tech company could integrate software, information systems, or automated driving capabilities into next-gen models.
- The recent developments with Project Titan also raise the stakes on which automakers strike a significant partnership with Apple if the venture makes it past 2017 (the reported AAPL deadline).
- While many auto industry watchers think major automakers won't convert to the Apple ecosystem across their portfolio, high-end "Applefied" models are seen as a realistic possibility.
- "A luxury automobile with 'Apple Inside'? That could be hit, and a profitable one yet," writes Los Angeles Times columnist Michael Hiltzik.
- SA contributor Bret Kenwell also dug into the Project Titan issue earlier this week.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE, TTM, MBLY.
- Previously: Bloomberg: Apple scales down automotive strategy, plans to build car postponed (Oct. 17)
Tue, Oct. 18, 12:45 PM
- Oil producers such as ExxonMobil (NYSE:XOM), Chevron (NYSE:CVX) and Royal Dutch Shell (RDS.A, RDS.B) must prepare for radical change as adoption of new technologies like electric cars could happen faster than originally anticipated, according to a new report from Fitch Ratings.
- "Widespread adoption of battery-powered vehicles is a serious threat to the oil industry," and an acceleration of the electrification of transport infrastructure could create an "investor death spiral" as investors flee the oil patch, Fitch warns.
- Tesla's (NASDAQ:TSLA) upcoming Model 3 will start at $35K before rebates and begin production in late 2017 and is aimed at a broader market, GM's Chevrolet Bolt starts at $37.5K before government incentives and will be available later this year, and other automakers are offering affordable all-electric vehicles, as Fitch estimates battery costs have plunged by 73% since 2008.
- Fitch notes that some oil majors have taken steps to diversify their offerings, including Total (NYSE:TOT), which has invested in batteries via its $1.1B purchase in May of Saft Groupe and bought a 60% stake in solar panel maker SunPower in 2011.
Fri, Oct. 14, 7:45 AM
- Opel (NYSE:GM) car registrations +3.8% to 103,134 units in September, according to the European Automobile Manufacturers Association.
- Overall EU + EFTA registrations +7.2% Y/Y to 1,455,810 units in September on broad gains across the continent. Registrations were up 9% in Germany and 17% in Italy.
- Opel market share: 6.9% vs. 7.1% a year ago.
- Opel YTD registrations +6.5%.
- Results include the Opel, Vauxhall, Chevrolet and other GM brands.
- EAMA release (.pdf)