Toyota Motor CorporationNYSE
Yesterday, 11:33 AM
- Electric vehicles are forecast to cut into oil demand by 1M-2M bbl/day by 2035, according to oil industry consultant Wood McKenzie.
- That estimate is actually much more conservative than Bloomberg New Energy Finance’s estimate for EVs to impact demand by 8M bbl/day by 2035. For perspective, OPEC agreed this week to coordinated production cuts of 1.2M bbl/day which swung crude oil prices wildly. EVs are only sipping up the equivalent of 50K bbl/day currently.
- The general consensus even in the oil industry is that governments are moving toward major changes with pollution and emissions regulations. Just this week, the cities of Paris, Mexico City, Madrid and Athens all said they would ban the use of diesel vehicles by 2025. Beijing is also slowly adopting pro-EV policies.
- A higher mix of EVs in the future has already been tipped off by the dramatic long-term electrification initiatives announced this year by companies such as BMW (OTCPK:BMWYY), Volkswagen (OTCPK:VLKAY), Ford (NYSE:F) and Toyota (NYSE:TM). Around the corner, Tesla Motors (NASDAQ:TSLA) and General Motors (NYSE:GM) have their mass model EVs ready to roll - while new EV trucks, buses and motorcycles are also on the way.
- WTI crude oil futures +1.21% to $51.68/bbl on Friday. Brent crude +0.96% to $54.46/bbl.
- ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, SZO, OLEM, OILK, OILX.
Thu, Dec. 1, 10:47 AM
- Toyota (NYSE:TM) unit sales +4.3% to 197,645 units. The sales gain topped the estimates of research firms. There were two extra selling days this November compared to a year ago.
- Sales by brand: Toyota +5.3% to 168,595; Lexus -1% to 29,050.
- Sales by model: Corolla +12% to 28,262; Prius -17% to 10,495; Camry -16% to 28,189; Lexus ES -13% to 4,097; RAV4 +3% to 28,116; Highlander +67% to 21,241; Lexus NX +56% to 5,120.
- TrueCar estimates on Toyota: Average transaction price -0.1% Y/Y to $31,438. Incentive spending +2.7% to $2,420 vs. +13% industry average.
- YTD Toyota U.S. sales -2.4% to 2,206,359 units.
Wed, Nov. 30, 11:33 AM
- There's another huge signal out of Toyota (TM +0.3%) that the automaker plans to make a serious commitment to electric vehicle development.
- President Akio Toyoda was appointed to lead the new EV division at the company. Toyoda is the grandson of Toyota' founder. The chief engineer of the Prius business is also moving over to the EV team.
- "By putting the president and vice presidents in charge of the department, we plan to speed up development of electric cars," said Toyota spokeswoman Kayo Doi.
- Previously: Toyota sets up EV unit (Nov. 17)
Wed, Nov. 30, 9:59 AM
- A top Trump advisor says the President-elect will only use the threat of tariffs as a last resort.
- While the development isn't a shocker in the political world, a tariff overhang has lingered over Ford (F +0.3%) and Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) since the election.
- Some analysts thinks Trump is likely to face increased pushback on dismantling NAFTA from the business world after he sets up in the Oval Office.
Tue, Nov. 29, 11:52 AM
- Elaine Chao is the pick of Donald Trump to be the Secretary of Transportation, according to numerous media outlets.
- Chao served in the cabinets of Bush 41 and Bush 43. Early analysis is that she may be a known quantiy to the Detroit Three (GM, F, FCAU) who worked closely with her on a post-9/11 task force and broadly during the Bush years.
- The big picture: There's been some concern over the impact of the Trump administration for EV sellers such as Tesla Motors (TSLA -1.9%), Nissan (OTCPK:NSANY) and Toyota (TM +0.7%) -- although the $7.5K federal tax break is already set to expire when automakers cross over the 200K U.S. EV sale mark. Federal fuel efficiency targets could be rolled back after Trump takes office, although some industry watchers think manufacturers are too far along in their EV, ridesharing and mobility projects to put the genie back in the bottle.
Mon, Nov. 28, 3:15 AM
- Eight of Europe's largest carmakers are on course to miss carbon dioxide emissions targets that come into force in 2021, leaving them facing the prospect of billions of euros in fines.
- Only four of the 12 largest companies - Peugeot Citroen (OTCPK:PEUGF), Toyota (NYSE:TM), Renault-Nissan (OTC:RNSDF, OTCPK:NSANF) and Volvo (OTCPK:GELYF) - are on track to hit incoming EU goals, according to PA Consulting group, which advises many of the companies on manufacturing and technology.
Fri, Nov. 25, 9:46 AM
- U.S. automobile sales are expected to increase 4.2% to a record 1.37M units in November, according to a forecast from Kelley Blue Book. The previous high for the month was 1.32M units.
- This November includes two extra selling days than last year which provides an obvious boost. A high level of promotions around the Black Friday weekend is also seen as a sales driver.
- KBB's forecast by automaker: General Motors (NYSE:GM) +8.6% to 249K, Toyota (NYSE:TM) +2.9% to 195K, Ford (NYSE:F) +0.1% to 187K, Fiat Chrysler Automobiles (NYSE:FCAU) -4.5% to 168K, Honda (NYSE:HMC) +9.1% to 126K, Nissan (OTCPK:NSANY) +8.3% to 116K, Hyundai-Kia (OTC:HYMLF) +7.0% to 113K, Subaru (OTCPK:FUJHY) +15.0% to 53K, Volkswagen (OTCPK:VLKAY) +5.5% to 47.5K.
- Tesla Motors (NASDAQ:TSLA) isn't running up the volume quite yet to make the KBB list, but that is expected to change in 2017.
Tue, Nov. 22, 1:51 PM
Fri, Nov. 18, 10:39 AM
- Fiat Chrysler Automobiles (NYSE:FCAU) and Amazon (NASDAQ:AMZN) are teaming up to sell cars online, according to Reuters. Consumers will still finalize their car purchases at a dealership.
- The initiative will start off in Italy with the Fiat 500, Fiat Panda and Fiat 500L.
- "The time has arrived to give consumers a new, more efficient and transparent way to choose a new vehicle," says Fiat's top exec in Italy.
- Though the Fiat-Amazon tie-up isn't necessarily groundbreaking, it's still another crack in the dealership model that could have implications down the road.
- Related automobile sector stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BMWYY, TTM, TSLA, AN, KMX, SONC.
- Previously: Amazon launches automotive research portal, Amazon Vehicles (Aug. 25)
Thu, Nov. 17, 3:05 PM
Thu, Nov. 17, 9:53 AM
- Toyota (NYSE:TM) car registrations -0.4% to 47,885 units in October, according to the European Automobile Manufacturers Association.
- Overall EU registrations -0.02% Y/Y to 1,104,506 units in October on broad gains on mixed results across nations. Registrations were up 9% in Italy and 4% in Spain, but fell almost 6% in Germany and were down 4% in France. YTD registrations are up 7.2% to 12.348502M.
- Toyota market share: 4.2% vs. 4.2% a year ago.
- Toyota YTD registrations +7.6%..
- EAMA release (.pdf)
Wed, Nov. 16, 9:52 AM
- The Los Angeles Auto Show is off and running this week, with technology companies stealing some of the early headlines.
- Samsung (OTC:SSNLF) got the ball rolling with its huge acquisition of Harman (NYSE:HAR), while Amazon dazzled many by showcasing its connected-car Blue Link technology that uses the AI-heavy Alexa in Hyundai cars.
- Ride sharing platforms are on display, led by BMW's Reach Now program which is a potential Uber (Private:UBER) X competitor.
- Edmunds.com may have sent a bit of shock wave through the auto retailer sector by demonstrating its advanced messaging platform that uses Facebook Messenger to help direct buyers to cars.
- Then there is Olli which is the first self-driving vehicle to use IBM (NYSE:IBM) Watson as its brains.
- There are plenty of new models on display at the Staples Center - including the Alfa Romeo Stelvio, Volkswagen e-Golf, Land Rover Discover, Porsche Panamera and Mazda CX-5. The first look at the Jaguar all-electric I-Pace SUV is one of the more talked about introductions.
- The all-electric Chevy Bolt and Tesla Model X mobile design studio will also be making an appearance in LA. Expect some updates on both as the GM vs. Tesla war starts to get ratcheted up.
- Related automobile sector stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BMWYY, TTM, TSLA, AN, KMX, SONC.
Mon, Nov. 14, 2:15 PM
- The NHTSA passes a new regulation requiring all new electric and hybrid vehicles to make an audible noise at speeds below 19 mph to help protect blind and visually-impaired pedestrians as well as cyclists.
- Manufacturers have until September 1, 2019, to add the sounds to all new hybrid and EVs.
- Department of Transportation press release
- Related auto stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BMWYY, TTM, TSLA.
Sat, Nov. 12, 9:49 PM
- Toyota (NYSE:TM) agrees to pay as much as $3.4B to settle claims that some of its trucks and SUVs lacked proper rust protection, leading to premature corrosion of vehicle frames.
- Court papers say the proposed settlement covers ~1.5M Tacoma compact pickups from 2005-10, Tundra full-size pickups from 2007-08 and Sequoia SUVs from 2005-08 that are alleged to have inadequate rust protection that could lead to corrosion serious enough to jeopardize their structural integrity.
- The settlement estimates the value of frame replacements at ~$15K per vehicle and inspections at $60 per vehicle.
Thu, Nov. 10, 7:25 PM
- The Alliance of Automobile Manufacturers is urging the Trump transition team to revise fuel efficiency mandates that could cost automakers billions of dollars and calling for a full-scale review of the Obama administration's autonomous vehicle policies.
- The trade group, which represents major automakers including General Motors (NYSE:GM), Ford (NYSE:F) and Toyota (NYSE:TM), is asking for "a pathway forward" on setting final fuel efficiency standards through 2025, calling on the next administration to "harmonize and adjust" the rules.
- Major automakers have raised concerns about Obama's ambitious targets for cutting vehicle greenhouse gas emissions through 2025, arguing low gasoline prices and weak demand for electric vehicles may require significant revisions to the rules.
Wed, Nov. 9, 4:32 AM
- The industry has been betting billions of dollars on globalized production and higher fuel efficiency, but Trump has been talking about moves to effectively reshore jobs to the U.S., while calling climate change into question.
- Related stocks: TM -3.9%, F -1.1%, GM -0.4%, FCAU -0.4%, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXF, TTM