May 15, 2015, 7:30 AM
May 14, 2015, 3:04 AM
- Following Wednesday's massive recall, Honda (NYSE:HMC) and Daihatsu (OTCPK:DHTMY) said they would recall more than 5M cars to replace the potentially fatal air bag inflators made by Takata (OTCPK:TKTDY), bringing the total amount of vehicles called back since 2008 to 36M.
- Yesterday, Toyota and Nissan said they would take back some 6.5M vehicles after investigations showed the inflators were not properly sealed and could be damaged by moisture.
- Previously: Takata air bag recall widens (May. 13 2015)
May 9, 2015, 10:55 AM
- Toyota (NYSE:TM) and Mazda (OTCPK:MZDAY) are discussing expanding their existing partnership into fuel cell development, according to Reuters.
- Mazda was toying with building its own fuel cell vehicle before deciding to team up with Toyota.
- Toyota is a leader in the burgeoning hydrogen FCV industry and is sharing some of its patents for free in an effort to see infrastructure build-out expand in key nations.
- Battle lines are still being drawn over the direction of next-gen vehicles with Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) and Hyundai (OTC:HYMLF) more heavily exploring hydrogen fuel cells - while the Detroit Big Three (GM, F, FCAU) and Tesla Motors (NASDAQ:TSLA) have a sharper focus on battery-powered electric vehicles.
- German automakers (OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY) are seen hedging their bets a bit with the group supporting efforts to build out a hydrogen charging network in Germany and selling electric vehicle (PHEV, BEV, hybrids) models at the same time.
- Some analysts think politicians may have the final say. The 2016 U.S. presidential election and the success of Japanese Prime Minister Shinzo Abe are key factors.
- Previously: Millennials have the steering wheel now (Jan. 31)
- Previously: Academic study sees future for clean and cheap hydrogen fuel (April 6)
- Previously: Toyota Mirai coming to U.S. in October (May 6)
- Previously: 500K the talk in electric vehicle industry (May 8)
Apr. 30, 2015, 11:08 AM
- A 25-page thesis from Fiat Chrysler Automobiles titled "Confessions of Capital Junkie" presents the case that automakers need to consider consolidating through mergers.
- The automobile industry is set up for failure unless costs from R&D and regulatory changes can be shared on a larger scale, according to the company.
- "Capital consumption rate by OEMs is unacceptable—it is duplicative, does not deliver real value to consumers and is pure economic waste," reads the presentation.
- There's even a slide with a quote from Alice in Wonderland to hammer home the automaker's main points on the need for M&A.
- Today, Ford CEO Mark Fields told CNBC the company isn't looking for a merger within the auto space. Similar comments have been made by execs with General Motors, Nissan, and Toyota in the recent past.
- FCA's industry analysis (.pdf)
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF, OTCPK:MZDAY, TSLA.
Apr. 28, 2015, 5:48 AM
- Honda Motor (NYSE:HMC): FQ4 Net income of ¥97.8B
- Revenue of ¥3,353.7B (+8.3% Y/Y)
Apr. 28, 2015, 4:40 AM
- Honda (NYSE:HMC) forecast a scant 0.4% rise in net profit for the financial year that began on April 1, giving a light outlook after falling short on its guidance last year.
- Quality problems plagued the automaker during the 2014/15 period, as delayed vehicle development and quality controls hampered sales.
- Honda now expects to report a net profit of ¥525B ($4.41B) for the year through next March, assuming a dollar rate of ¥115 and a euro rate of ¥125.
Apr. 27, 2015, 5:30 PM
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Apr. 27, 2015, 12:57 PM
- TrueCar estimates U.S. car sales will rise 6.1% Y/Y in April to 1.475M units.
- Strong demand is expected to be reported in the crossover, SUV, and pickup truck segments. Incentive spending is seen increasing 0.6% Y/Y to $2,601 per unit. April U.S. forecasts from TrueCar by automaker are listed below.
- Fiat Chrysler Automobiles (NYSE:FCAU): +10.6% to 198.6K units, market share +60 bps Y/Y to 13.5%.
- Ford (NYSE:F): +6.2% to 223.3K units, market share flat at 15.1%.
- General Motors (NYSE:GM): +5.9% to 269.1K units, market share -10 bps Y/Y to 18.3%.
- Honda (NYSE:HMC): +1.9% to 135K units, market share -30 bps Y/Y to 9.2%.
- Hyundai (OTC:HYMLF): -5.8% to 62.3K units, market share -60 bps to 4.2%.
- Kia (OTC:HYMLF): +7.9% to 57.9K units, market share flat at 3.9%.
- Nissan (OTCPK:NSANY): +8.7% to 113K units, market share +20 bps Y/Y to 7.7%.
- Subaru (OTCPK:FUJHY): +23.5% to 49.5K units, market share +50 bps Y/Y to 3.4%.
- Toyota (NYSE:TM): +3.4% to 206.4K units, market share -40 bps Y/Y to 14.0%.
- Volkswagen (OTCQX:VLKAY): -4.7% to 48.4K units, market share -40 bps Y/Y to 3.3%.
Apr. 22, 2015, 2:29 PM
- 22% of hybrid and electric car owners making a trade-in this year opted to go for a SUV, according to data from Edmunds.com
- The mark stood at 18.8% a year ago and 11.9% three years ago.
- The rate at which hybrid and EV car owners bought another green car fell below 50%.
- Edmunds.com connects the dots to conclude that the level of gas prices in the U.S. was a primary factor in the trade-in trend.
- The break-even point for higher-priced EVs lengthens as gas prices fall.
- Automobile industry analysts think the trend could snap back just as quick with an energy market shock.
- YTD U.S. plug-in sales are up ~2.9%.
- Related stocks: OTCPK:NSANY, TM, HMC, GM, F, TSLA.
Apr. 16, 2015, 9:47 AM
- Honda (NYSE:HMC) car registrations +0.5% to 22,135 units in March, according to the European Automobile Manufacturers Association.
- Overall EU registrations +10.6% Y/Y in March, powered by double-digit growth in Spain, Italy, and France. YTD registrations +8.6%.
- Honda market share: 1.3% vs. 1.5% a year ago.
- Honda YTD registrations -2.9%.
- EAMA release (.pdf)
Apr. 9, 2015, 9:19 AM
- Execs with Alcoa gave an inside look at automobile industry demand trends during the firm's earnings call yesterday.
- The company sees pent-up demand in the U.S. and lower gas prices backing a seasonally adjusted selling rate of over 17M units.
- The average fleet age in the U.S. is still over the historic average and inventories are down, they noted.
- Alcoa CEO Klaus Kleinfeld pointed out that China has about 9M vehicles in the road that don't comply with the Clean Air Act and sees upside for Western Europe.
- Alcoa earnings call transcript
- Related stocks: GM, F, FCAU, TM, HMC, OTCPK:NSANY, OTC:HYMLF, OTCQX:VLKAY.
Apr. 6, 2015, 3:44 PM
- Hydrogen fuel costs could be lowered dramatically by converting sugar from corn, according to a peer-reviewed study by Virginia Tech researchers.
- The academic team used corn stover (stalks, cobs, and husks) to create a zero-emission fuel that they maintain could eventually be developed for widespread use with hydrogen-powered cars.
- The method has the potential to also reduce the size of hydrogen distribution points.
- Honda (NYSE:HMC) and Toyota (NYSE:TM) are the major automakers most involved with developing hydrogen cars.
- A point of contention from some may be that the Virginia Tech study was funded by a Shell Oil energy innovation initiative.
- Full paper (.pdf): High-yield hydrogen production from biomass by in vitro metabolic engineering: Mixed sugars coutilization and kinetic modeling
Apr. 6, 2015, 11:43 AM
- The New York International Auto Show is in full swing with automobile manufacturers introducing new models and refreshing older ones. Five standout introductions are listed below.
- Toyota RAV4 hybrid : The much-anticipated RAV4 hybrid impressed at the New York International Auto Show with a wide variety of technical features and strong fuel economy. The RAV4 hybrid is expected to be a leader in the green small SUV segment for Toyota (NYSE:TM).
- Lincoln Continental: Ford's (NYSE:F) big bet on a rehash of the iconic classic is seen as critical for the future of the Lincoln brand. Engineers didn't skimp on size with the Chinese market in mind. Reviews for the unveiled concept version of the Continental are overwhelmingly favorable.
- Honda Civic: An aggressive move was made by Honda (NYSE:HMC) with an edgier version of the high-volume model. Auto industry watchers call the sportier look a stunner. The Civic has lost U.S. market share over the last year.
- Cadillac CT6: General Motors (NYSE:GM) drew high marks for the design of the large luxury entry. Reviewers were also impressed with the weight of the vehicle despite the size and strong look.
- Aston Martin Vulcan: On the super high-end, the latest James Bond-worthy model from Aston Martin is popping eyeballs. The car tops out with 800+ horsepower (Vulcan teaser video). Daimler (OTCPK:DDAIF) and Ford have minority stakes in the automaker.
- Full coverage of the new releases at the New York International Auto Show
Apr. 1, 2015, 10:20 AM
- Honda (HMC -0.5%) unit sales -5.3% to 126,293 vs. +1.5% to +4.5% forecast.
- Sales in the Honda division fell 5.2% to 111,623 - while Acura sales were off 5.8% to 14,670.
- Sales growth by model: Accord -23% to 26,018; Civic -2.6% to 26,985; Pilot +34% to 11,937; CR-V -3.6% to 27,618; Acura ILX -7.7% to 1,554; Acura TLX 3,430 (new).
- The Honda Fit showed strong demand again with sales up 64% to 6,640.
- YTD Honda sales +2.6% to 333,943.
Mar. 25, 2015, 9:53 AM
- U.S. sales for Honda (NYSE:HMC) will increase 4.5% Y/Y to 139.3K in March, according to an estimate from TrueCar.com.
- Honda's market share is forecast to be 9.1% vs. 8.4% in February and 8.7% a year ago in March.
- Incentive spending by Honda -7.3% Y/Y and +8.3% M/M to $1,957 per unit vs. the industry average of -1.3% Y/Y and +0.4% M/M.
- Total U.S. new vehicles sales are expected to fall 0.8% Y/Y during March to 1.5247M
Mar. 19, 2015, 6:58 AM
Honda Motor Co., Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and... More
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
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