Dec. 9, 2015, 9:53 AM
- The NHTSA proposes adding new safety categories to its ratings systems with an aim to accelerate technology innovation and integration.
- Safety features such as forward collision warnings, blind-spot alerts, lane departure information, and rear cameras would be part of the ratings system under the changes.
- The push from the regulator could help some auto suppliers such as Delphi Automotive (DLPH +1.4%) and Mobileye (MBLY +2.5%), notes the WSJ.
- Autoliv (ALV +2.1%), WABCO Holdings (WBC +1.5%), Borg Warner (BWA +1.3%), and Meritor (MTOR +1.3%) are all ahead of market averages in early action today, perhaps due to the NHTSA strategy reveal.
- Related auto stocks GM, F, TM, HMC, OTCPK:NSANY, OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY, TSLA, TTM, OTC:HYMLF.
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.
Sep. 17, 2013, 10:24 AM
- Electric car-charging company ECOtality (ECTY) has filed for bankruptcy protection, sending its shares plummeting 28.4%.
- Nissan (NSANY.OB) has agreed to provide a term loan of up to $1.25M at interest of 5% a year.
- ECOtality plans to use the money to operate until its assets have been sold in a bankruptcy auction.
- The Chapter 11 filing comes after ECOtality defaulted on a 2015 convertible loan.
- The bankruptcy is likely to stoke controversy given that ECOtality has received $96M of a $115M stimulus grant. (8-K)
Jan. 2, 2013, 8:12 AM
Molycorp (MCP) +7.3% premarket, as the company’s low valuation and the chance to lock in rare-earth resources could make it a potential takeover target, Bloomberg reports. Analysts say manufacturers from Nissan (NSANY.OB) to Siemens (SI) could be interested, and shares could fetch $15 in a takeover.| Jan. 2, 2013, 8:12 AM | 1 Comment
Sep. 19, 2012, 2:30 PM
In the zero-sum game of auto sales, General Motors (GM +1.5%) and German automakers such as BMW (BAMXY.PK) and Volkswagen (VLKAY.PK) could benefit from the wave of anti-Japan protests across China, while Honda (HMC +1.9%), Toyota (TM +1.0%), and Nissan (NSANY.OB) suffer a loss of market share. The trio of Japanese automakers already reported attacks on dealerships and have cut production in the region.| Sep. 19, 2012, 2:30 PM | 2 Comments
Dec. 19, 2011, 10:06 AM
Nissan (NSANY.PK) recalls 34K Sentra compact cars due to battery cable problems that could lead to a stalled engine, as well as 28K Juke crossover SUVs due to an unrelated turbocharger bracket problem. Shares bucked a downward trend in Asia, gaining 2.1% in Tokyo trading after the carmaker announced it will turn an engine and transmission subsidiary into a fully owned unit.| Dec. 19, 2011, 10:06 AM
May 3, 2011, 1:24 PM