Aug. 13, 2015, 1:04 PM
- Nissan (OTCPK:NSANY) will partner with Enterprise Rent-A-Car to make its cars available on a per-hour rental basis for college students.
- The automaker sees the program as a good opportunity to introduce its brand to younger consumers.
- A $5 per hour rental charge by Enterprise to students will include insurance and fuel fees.
Aug. 10, 2015, 2:14 PM
- Auto sales in Mexico rose 16.2% to 111,612 light vehicle units in July, according to Ward's Auto.
- Nissan (OTCPK:NSANY) ranked first in sales and showed 21% growth, while General Motors (NYSE:GM) placed second in volume and had a more modest growth rate of 2.3%. Volkswagen (OTCQX:VLKAY) was third on volume, while Fiat Chyrsler Automobiles (NYSE:FCAU) leapfrogged Ford to take 4th place off a 26% Y/Y sales pop.
- YTD light vehicle sales in Mexico are up 20.9% through the end of July.
Aug. 3, 2015, 8:53 AM
- Nissan (OTCPK:NSANY) unit sales +7.8% to 130,872 units vs. +5.3% forecast by analysts.
- Truck sales were up 23.2% during the month.
- Sales growth by brand: Nissan +6.7% to 120,439; Infiniti +22.2% to 10,433.
- Sales growth by model: Pathfinder +5.9% to 7,802; Frontier -27.7% to 4,194; Sentra +5.3% to 18,511; Altima +27% to 33,842; Leaf -61% to 1,174; Infiniti Q50 +55% to 3,807; Infiniti QX60 +69% to 3,760.
- YTD Nissan sales +5.0% to 867,355 units.
Jul. 31, 2015, 1:50 PM
- The NHTSA is investigating if other automakers are at risk of hacking attacks after 1.4M Fiat Chrysler automobiles were recalled last week due to an exposure highlighted in Wired magazine.
- The regulator plans to focus on if wireless components supplied to Fiat are also used in other vehicles on the road in a way that isn't fully secure from remote access.
- The U.S. Copyright Office is also a major player in the hacking drama. This fall the government body will rule on if third-party researchers can access components and software to check for vulnerabilities. The open source vs. proprietary debate will be familiar to tech investors.
- Previously: Automakers start to tackle hacking issue (Jul. 23 2015)
- Previously: More security flaws seen in connected vehicles (Jul. 31 2015)
- Previously: Hacking demo leads to recall of 1.4M Fiat Chrysler vehicles (Jul. 24 2015)
- 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.
Jul. 24, 2015, 1:24 PM
- Kelley Blue Book forecasts new car sales in the U.S. will increase 2.6% Y/Y in July to 1.47M units, led by a 13.4% jump in the compact SUV/crossover segment.
- Forecasts by major manufacturers are posted below.
- General Motors (NYSE:GM): +0.7% Y/Y to 258K units, market share of 17.6%.
- Ford (NYSE:F): +0.8% to 214K, market share of 14.6%.
- Fiat Chrysler Automobiles (NYSE:FCAU): +4.4% to 175K units, market share of 11.9%.
- Toyota (NYSE:TM): -0.4% to 215K units, market share 14.6%.
- Honda (NYSE:HMC): +2.3% to 139K units, market share 9.5%.
- Nissan (OTCPK:NSANY): +4.6% to 127K units, market share 8.6%.
- Hyundai/Kia (OTC:HYMLF): -0.3% to 119K, market share 8.1%.
- Volkswagen (OTCQX:VLKAY): +5.1% to 52K, market share 3.5%.
Jul. 23, 2015, 11:09 AM
- Daimler (OTCPK:DDAIF, OTCPK:DDAIY) CEO Dieter Zetsche acknowledged during a conference call today that hacking concerns were partially behind the bid by Mercedes-Benz - along with peers BMW (OTCPK:BAMXY) and Audi (OTCQX:VLKAY, OTCPK:AUDVF) - to grab Nokia's mapping business.
- Other companies spending on self-driving car concepts include Google, Hyundai (OTC:HYMLF), Nissan (OTCPK:NSANY), and Toyota (NYSE:TM).
- Technology controlling the interaction of self-driving cars with mobile networks is considered by the industry a point of vulnerability.
- That exposure was demonstrated dramatically early this week when a Wired writer let hackers take a crack at controlling his car remotely. Their success created a minor buzz.
- Politicians aren't ignoring the issue. A bill heading for the Senate aims to increase security standards for the automobile industry.
- Nokia might be just the first tech company to benefit from the additional spending on automotive tech security.
- Previously: Self-driving cars vs. the law (Mar. 20 2015)
- Previously: Hyundai gears up for autonomous cars (Mar. 31 2015)
- Previously: New turns in self-driving car programs at Tesla Motors and Google (May. 13 2015)
- Previously: Google starting road tests for self-driving car prototypes (May. 15 2015)
Jul. 19, 2015, 9:43 AM
- Major automakers face pressure from a drop in demand in China amid economic weakness. Deliveries turned negative in June for the first time since February of 2013 and the China Association of Automobile Manufacturers now expects industry sales growth of 3% vs. a prior forecast of 7%. Vehicle sales were up 1.4% to 11.85M units during 1H.
- Volkswagen (OTCQX:VLKAY) relies on China for half of its net profit and 71% of free cash flow. Credit Suisse notes the China factor gives the German automaker the punch to make a dividend possible.
- General Motors (NYSE:GM) churned up 40% of its new income and 20% to 30% of its operating cash flow from China, according to an estimate from Barclay tied to its downgrade of GM earlier in the week. Goldman Sachs and Buckingham Research have also recently cut profit estimates on GM.
- Ford (NYSE:F) cut its sales outlook for the China auto market to 24M-26M vehicles after Q1. The company could revise the broad forecast lower again with its Q2 report on July 28 and reset its own sales expectations.
- There's been some pricing cuts by the Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) and German high-end sellers (OTCPK:BAMXY, OTCPK:DDAIF) as they adjust to the "new normal" in China.
- Tesla Motors (NASDAQ:TSLA) is still trying to get out of first gear in China. The reception to the Model X debut next year and the impact of EV subsidies are key factors.
- Domestic automakers (OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, OTCPK:DNFGY, OTCPK:DNFGF) have increased market share in China this year in key segments, but are feeling the same pinch from the drop in expected overall demand.
Jul. 17, 2015, 7:03 AM| Jul. 17, 2015, 7:03 AM
Jul. 16, 2015, 7:43 AM
- Nissan (OTCPK:NSANY) car registrations +23.3% to 53,329 units in June, according to the European Automobile Manufacturers Association.
- Overall EU registrations +14.8% Y/Y to 1,413,911 units in June to mark the strongest month-over-month increase since December of 2009.
- Nissan market share: 3.8% vs. 3.5% a year ago.
- Nissan YTD registrations +21.0%.
- EAMA release (.pdf)
Jul. 14, 2015, 10:25 AM
- Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) are struggling on the home front with car and trucks sales falling every month of the year through June, according to data from the Japanese Automobile Manufacturers Association.
- Car sales are down 12.3% YTD, while truck sales are 3.7% lower.
- Though analysts expected sales to be somewhat weak due to a tough compare from a year ago when sales taxes where on the mind of consumers, the level of the drop has still been surprising.
Jul. 9, 2015, 3:07 PM
Jul. 8, 2015, 7:07 AM
- Nissan (OTCPK:NSANY) says an air bag made by Takata (OTCPK:TKTDY) installed in one of its vehicles caused a fire during a crash in Japan - marking the carmaker's first such case in the country.
- After exploding, the inflator smashed the passenger-side window and sent high-temperature fragments into the dashboard.
- So far, Nissan has recalled 4.4M cars equipped with Takata inflators (including the X-Trail SUV involved in the recent crash) across the globe.
Jul. 1, 2015, 10:27 AM
- Nissan (OTCPK:NSANY) unit sales +13.3% to 124,228 units vs. +12% forecast by analysts.
- Sales growth by brand: Nissan +13% to 114,243; Infiniti +16.5% to 9,985.
- Sales growth by model: Pathfinder +12.7% to 7,168; Frontier -22.5% to 4,437; Sentra +0.6% to 17,200; Altima +12.7% to 29,418; Leaf -11.6% to 2,074; Infiniti Q50 +43% to 3,470; Infiniti QX60 +39% to 3,003.
- YTD Nissan sales +4.2% to 672,203 units.
Jul. 1, 2015, 7:01 AM
- Toyota (NYSE:TM), Honda (NYSE:HMC), and Nissan (OTCPK:NSANY) plan to cover about a third of the operating costs of hydrogen stations in Japan once they are up and running.
- The financial commitment from the Japanese automaker will be capped at ¥11M ($90K) per station
- Hydrogen fuel cell technology has the backing of Prime Minister Shinzo Abe who says he wants to build a "hydrogen society" that includes homes and office buildings running off the alternative form of energy.
Jun. 25, 2015, 10:40 AM
- TrueCar forecasts U.S. auto sales will rise 6.3% in June to 1.51M units.
- Retail sales are seen rising 7.9% during the month, driven higher by strong demand for crossovers.
- Sales unit volume growth (Y/Y): Fiat Chrysler Automobile (NYSE:FCAU) +10.1% to 189.5K, Ford (NYSE:F) +3.3% to 228.6K, GM (NYSE:GM) +6.2% to 284K, Honda (NYSE:HMC) +7.3% to 138.5K, Hyundai (OTC:HYMLF) -5.8% to 63.5K, Kia +6.6% to 54K, Nissan (OTCPK:NSANY) +12.5% to 123.4K, Subaru (OTCPK:FUJHY) +11.9% to 46.3K, Toyota (NYSE:TM) +3.0% to 207.8K, Volkswagen (OTCQX:VLKAY) +4.7% to 52,4K.
- Market share (Y/Y): Fiat Chrysler Automobile +40 bps to 12.5%, Ford -50 bps to 15.1%, GM flat at 18.8%, Honda +10 bps to 9.1%, Hyundai -50 bps to 4.2%, Kia flat at 3.6%, Nissan +50 bps to 8.2%, Subaru +20 bps to 3.1%, Toyota -40 bps to 13.8%, Volkswagen flat at 3.5%.
- Incentive spending per unit (Y/Y): Fiat Chrysler Automobile -1.2%, Ford -20%, GM +9.8%, Honda +8.5%, Hyundai +34.5%, Kia +18.1%, Nissan +31.4%, Subaru +4.4%, Toyota +0.3%, Volkswagen +3.5%.
Jun. 25, 2015, 3:20 AM
- More gloom and doom clouds circled Takata (OTCPK:TKTDY) today after Chief Executive Shigehisa Takada said an internal probe into why the company's air bag inflators were failing was not progressing well.
- Despite multiple investigations, the root cause of why the inflators explode with too much force has still not yet been identified.
- Toyota (NYSE:TM) and Nissan (OTCPK:NSANY) reacted quickly to the news, expanding their global recalls to another three million vehicles almost immediately following the announcement.
Nissan Motor and its subsidiaries are engaged in the manufacture and sale of automobiles.
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
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