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Mon, Aug. 18, 2:47 AM
- Russia may impose restrictions or a ban on vehicle imports from Western countries, if the U.S. and EU impose additional sanctions on Moscow, Reuters reports quoting the Vedomosti.
- The paper says that the proposals have already been sent to Putin for consideration but no decision has been made yet.
- The new ban, however, would not apply to foreign automakers' production inside Russia. Ford (NYSE:F), Volkswagen (OTCQX:VLKAY), Renault (OTC:RNSDF), Toyota (NYSE:TM) and Hyundai (OTC:HYMLF) all have production facilities inside the country.
- Related stocks: AN, KMX, CRMT, GM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY, OTCPK:MMTOF, OTC:PEUGF, TTM, OTCPK:FUJHY.
Wed, Aug. 13, 1:09 PM
- A fall in used car prices in the U.S. could put some pressure on automakers to offer higher incentives to lure in buyers for new vehicles, according to analysts.
- Truecar.com estimates that new-car incentives will push up 11% to $3K per vehicle in the next two years to counterbalance a drop in used car pricing.
- The long-term forecast for the automobile industry is still favorable with most research firms calling for a return to a pre-recession level of volume.
- Related stocks: AN, KMX, CRMT, GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, OTC:PEUGF, OTC:RNSDF, TTM, OTCPK:FUJHY.
Mon, Aug. 11, 10:12 AM
- Sales of luxury cars in the U.S. are up 7.1% Y/Y through July, according to segment data from Wards Auto.
- The solid sales growth comes ahead of what is typically the high-demand part of the year.
- New model roll-outs slated for the fall and winter include the BMW X4, Cadillac Escalade, and Porsche Macan.
- Related stocks: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTC:PEUGF, OTC:RNSDF, TTM.
Mon, Jul. 7, 1:35 PM
Thu, Jun. 26, 4:53 AM
- Confirming earlier reports, Daimler (DDAIF) and Nissan (NSANY) have completed a deal establishing a 50-50 joint venture at a Nissan plant in Mexico.
- Since 2010, Mercedes, Nissan and Renault (RNSDF) have shared engines, plants and vehicle architectures, and the new agreement further forges the German automaker's bond with the Renault-Nissan alliance.
- Advantages of the venture include expanding Nissan's Infiniti models by adding more shared Mercedes parts, and Daimler can now set up a North American production line for its "MFA" vehicle architecture, while lowering development costs.
- DDAIF -0.1% AH
Tue, Jun. 17, 8:08 AM
- European car registrations rose 4.5% in May to 1.13M units to mark the 9th consecutive month of a year-over-year sales gain.
- All the EU nations showed positive growth during the month with the exception of Italy which saw a 3.8% falloff.
- Sales growth by automaker: Volkswagen (VLKAY) +9.6%, Peugeot (PEUGY) +4.3%, Fiat (FIATY) +5.6%, General Motors (GM) -6.8%, Renault (RNSDF) +18.8%, Daimler (DDAIF) +3.6%, Toyota (TM) +3.4%, Ford (F) -2.0%, BMW (BAMXY) -2.2%, Fiat (FIATY) -2.7%, Nissan (NSANY) +10.7%, Hyundai (HYMLF) -2.7%.
Fri, Jun. 13, 11:41 AM
- European Automobile Manufacturers’ Association President Carlos Ghosn calls on EU policy makers to allow the industry the flexibility to innovate.
- The Renault CEO says the EU needs to be "technology-neutral" as well as remove non-tariff barriers and invoke regulatory cooperation.
- European automakers (PEUGY, VLKAY, DDAIF, RNSDF, BAMXY) have argued in the past that strict EU regulations have kept them stuck in neutral.
Mon, May. 26, 9:52 AM
- Ford (F) CEO Alan Mulally has warned about overproduction in Europe, saying that factory closures over the past year have not lowered capacity enough.
- "European carmakers need to cut back further...as excess capacity on the continent remains at dangerous levels," Mulally says.
- His warning comes despite sales on the continent starting to recover this year after falling by about 4M cars from 2007-2013.
- Relevant tickers: TM, RNSDF, VLKAF, GM, DDAIF, BAMXF, FIATY, HMC, PEUGF, F
Fri, May. 16, 8:13 AM
- European car registrations increased 4.6% in April, according to the European Automobile Manufacturers Association.
- The U.K. showed strong growth with a 8.2% gain, while registrations in Germany fell back 3.6%. Registration in Spain soared 29% off of a soft-as-butter comparable.
- Brand growth: Volkswagen (VLKAY) +4.4% to 287.9K; PSA Group (PEUGY) +5.2% to 122.2K; Renault (RNSDF) +16.1% to 107.6K; General Motors (GM) -5.2% to 75K; Ford (F) +9.1% to 82.7K; Fiat/Chrysler (FIATY) +1.8% to 68.1K; BMW (BAMXY) +0.5% to 64.2K; Daimler (DDAIF) +0.5% to 60.9K; Toyota (TM) +4.8% to 43.1K; Nissan (NSANY) +22.1% to 36.6K.
- ACEA data (.pdf)
Thu, May. 15, 10:14 AM| Comment!
Fri, May. 9, 11:53 AM
- European automakers (VLKAY, BAMXY, PEUGF, DDAIF, RNSDF) think a proposed trade deal between the EU and Japan gives too many advantages to Japanese automakers (NSANY, TM, HMC, MZDAY, SZKMY, FUJHY, MMTOF)
- Trade deals in the past have given the group from Japan leverage to significantly boost imports to Europe. This time around the European companies want to rework the terms up front.
- "If we’re now talking about opening up import duties for Japan, put a helmet on," said Fiat CEO Sergio Marchionne said earlier this year on the issue.
Tue, May. 6, 12:27 PM
- Germany's growth premium in comparison to Europe is shrinking, impacting 25% of Germany’s equity market revenues, says global equity strategist Andrew Garthwaite, moving to a benchmark weighting in German stocks from overweight.
- He also notes the country's competitiveness and funding-cost advantages are on decline, and it has three times more export exposure to China than Europe as a whole.
- German's DAX 30 Index closed -0.7% today.
- German ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
- France, on the other hand, is moved to overweight as a play on ECB launching QE. "Bond spreads are consistent with outperformance, and France stands to benefit more than Germany from any ECB easing," says Garthwaite.
- P/E valuations are 5% below average, and 75% of the companies in CAC 40 have restructuring potential, he says.
- Particularly cheap are the French banks: CRARY, SCGLY, BNPZY. Also looking good: Renault (RNSDF), AXA (AXAHY -1.6%), and Total (TOT -0.4%).
- The CAC 40 closed -0.8% today.
- French ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
Fri, May. 2, 8:35 AM
- Total vehicle registrations in France increased 6% to 166,968 in April, according to the Comité des Constructeurs Français d'Automobiles.
- Last month, sales in the nation rose 9% after declining in both January and February.
- Sales by manufacturer: Citroen Peugeot (PEUGY) +9.9% to 28,239; Renault (RNSDF) +11% to 31,578; Foreign brands +0.2% to 73,922.
Fri, Apr. 18, 6:03 AM
- Car makers have been gearing up for two major shows this weekend: the New York International Auto Show, which starts today, and the Beijing International Automotive Exhibition, or Auto China 2014, which starts on Sunday.
- Ford's (F) Lincoln, which plans to formally enter China’s luxury market later this year, will unveil a new model in Beijing, the first time it has introduced a car outside of the U.S.
- New York show preview
- Tickers: F, GM, TM, HMC, CARZ, FIATY, PEUGF, BAMXF, DDAIF, HYMLF, NSANF, VLKAF, RNSDF, FIATY
Wed, Mar. 26, 11:19 AM
- Automobile dealerships no longer provide value for consumers, concludes a research paper by INSEAD professor Karan Girotra.
- "Car dealers and more generally intermediaries represent an extra layer of companies in the supply chain that clearly increases costs to customers," writes the prof.
- The industry has evolved such that a consumer could search and research a car online, test-drive at a product gallery, and service a purchased vehicle at a reputable repair shop without needing the backstop of a manufacturer-certified dealership, concludes Girotra.
- Related stocks: GM, F, TM, FIATY, HMC, NSANY, TSLA, VLKAY, DDAIF, HYMLF, BAMXY, KIMTF, MMTOF, PEUGF, RNSDF, TTM.
Tue, Mar. 18, 7:42 AM
- Automobile sales in Europe rose 7.6% in February, according to the European Automobile Manufacturers' Association.
- France was the only major market to show a decline in sales during the month.
- Though sales momentum was strong across brands, analysts warn that the level of discounting was high enough to cut into profits in the sector.
- Sales growth by automaker: Volkswagen (VLKAY) +8%, Peugeot (PEUGY) +3.6%, Fiat (FIATY) +5.6%, General Motors (GM) +12.6%, Renault (RNSDF) +11.7%, Daimler (DDAIF) +3.9%, Toyota (TM) +6.2%.
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