Tue, Sep. 20, 2:30 AM
- In its most comprehensive statement yet on autonomous vehicles, the Obama administration said it would consider seeking the power to approve technology for self-driving cars and said U.S. states should not issue separate rules.
- The U.S. Transportation Department also included a 15-point set of "safety assessment" guidelines, covering issues like cybersecurity, black box recordings and how a vehicle would deal with potential ethical conundrums.
- Related tickers: F, GM, TM, GOOG, GOOGL, TSLA, MBLY, DLPH, TM, HTZ, CAR, HMC, UBER, LYFT
Fri, Sep. 16, 8:02 AM
- A Toyota Mirai covered 1,438 miles over a 24-hour period in a test run of the fuel-cell-electric model in California. The mark is believed to be a record for an electric car.
- The Toyota (NYSE:TM) sportscar was refilled during the adventure in four-minute stops at hydrogen charging points.
- "The point has been made that an electric car can do everything that a gasoline car can do, but with zero emissions," says First Element Fuel CEO Joel Ewanick.
- First Element is the parent company of the True Zero hydrogen station network in California.
- The Toyota Mirai is the highest profile hydrogen car currently on the market (California and Japan), while hydrogen introductions by Hyundai (OTC:HYMLF) and Mercedes-Benz (OTCPK:DDAIF) are expected in 2017.
Thu, Sep. 15, 7:56 AM
- Toyota (NYSE:TM) car registrations +17.8% to 40,126 units in August, according to the European Automobile Manufacturers Association.
- Overall EU registrations +10.0% Y/Y to 819,126 units in August, led by strong growth in Italy and Spain. Registrations were up 8% in Germany and 3% in the U.K.
- Toyota market share: 4.7% vs. 4.4% a year ago.
- Toyota YTD registrations +8.0%.
- Results include the Toyota and Lexus brands.
- EAMA release (.pdf)
Wed, Sep. 14, 7:19 AM
- Toyota (NYSE:TM) is expected to build a hybrid battery production plant somewhere in Southeast Asia to help it meet demand for PHEVs in the region, according to a top exec.
- The Japanese automaker needs to lower the cost of its batteries in order to be competitive in the PHEV market at scale.
- Toyota is also continuing to develop fuel cell technology as a platform for long-range vehicles in addition to its EV, PHEV, and hybrid models.
Sat, Sep. 10, 12:55 PM
- Apple (NASDAQ:AAPL) has cropped off parts of its self-driving car project and eliminated dozens of positions in the latest turn for Project Titan.
- The company told employees of the "reboot" of the car project this week, according to The New York Times.
- With Apple being secretive about its car ambitions, the threat of disruption out of Cupertino has been somewhat of an enigmatic overhang in the industry. One thought is that Apple's $1B investment in Didi Chuxing earlier this summer may be an indication of the future direction of Apple's car strategy.
- The bold plans laid out by Ford (NYSE:F), Uber (Private:UBER), Lyft (Private:LYFT), General Motors (NYSE:GM), Toyota (NYSE:TM), Volvo (OTCPK:GELYF), BMW (OTCPK:BMWYY), Google (GOOG, GOOGL), and Tesla Motors (NASDAQ:TSLA) with their EV and self-driving projects may have reset some expectations at Apple.
Fri, Sep. 9, 8:59 AM
- Denso Corp. (OTCPK:DNZOF, OTCPK:DNZOY) strikes a deal to take a 51% stake in Fujitsu Ten (OTC:FJTSF). The company already held a smaller position in Fujitso.
- Fujitso Ten is a leading maker of radar systems used to advance self-driving car technology.
- Toyota (NYSE:TM) owns just over a third of Fujitso and has a close relationship with Denso.
- Specific terms of the deal weren't disclosed.
Fri, Sep. 9, 7:28 AM
- Automobile deliveries in China increased 26% Y/Y to 1.8M units in August, according to the China Passenger Car Association. The rate of sales growth matched the pace from July.
- SUV and crossover sales rose 44% to over 654K during the month. Sales of vehicles with engine sizes below 1.6 liters increased 41%. GM, Ford, and Nissan all reported deliveries growth of over 17% for the period. EV sales in China have doubled this year and are on a pace to top 400K for the year.
- Demand in China remains strong in front of the expiration of a tax break at the end of the year.
- Automobile sales are up 13% YTD through the end of August.
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BMWYY, GM, OTC:GNZUF, OTC:GNZUY, TSLA, F, OTCPK:NSANY, TM.
Thu, Sep. 1, 11:32 AM
- Toyota (NYSE:TM) unit sales -5.0% to 213,125 units to miss the forecasts from Kelley Blue Book and Edmunds.com.
- Toyota division sales fell 4.6% to 182,187 units, led by strong truck demand.
- Lexus division sales decreased 7.6% to 30,938 units.
- Camry sales fell 13% to the month to 32,864 units. RAV4 sales were up 9% to 33,171 units.
- Toyota's average transaction price rose 2.5% Y/Y to $31,259 (per Kelley Blue Book) during the month.
- YTD Toyota U.S. sales -2.9% to 1,625,158 units.
Wed, Aug. 31, 10:26 AM
- U.S. auto sales are expected to show a decline of 2% to 5% for August amid a dialing back of discounting activity, according to the range of forecasts from Kelley Blue Book, Edmunds, J.D. Power, and LMC Automotive. General Motors is poised to report a loss of market share as its plan to cut out fleet sales impacts volume.
- Bloomberg estimates the seasonally adjusted selling rate for the month will be 17.2M, down from 17.9M last month.
- The sales dip isn't necessarily a bottom line drag for the sector due to reduced discounting and the increasing mix of higher-profit SUVs and trucks. But higher profit hasn't lifted automaker stocks this year, with the group having trouble gaining traction and trading with low forward PE multiples (GM 5.5, Ford 6.8, Honda 10.5, Toyota 10.9).
- Auto parts stocks (LEA, TEN, BWA, DAN, MPAA, CPS, DLPH, AXL, TOWR, ACW, FENX, MTOR, THRM, SMP, ALV, MOD, SRI) will be on watch tomorrow when the reports roll in as the sector frequently sees some extra volatility on days U.S. auto sales are disclosed.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE.
Tue, Aug. 30, 3:34 AM
- More than 100 flights were canceled and evacuation warnings were issued for thousands of people as Typhoon Lionrock approached Japan's northeast, a region devastated by a massive earthquake and tsunami five years ago.
- Toyota (NYSE:TM) has suspended production at two of its factories in the storm's path, while Tokyo Electric Power (OTCPK:TKECY) said offshore work would be halted and equipment would be stowed away to prevent accidents.
- ETFs: DXJ, EWJ, DBJP, DFJ, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, SCJ, JPXN, JSC, JPP, DXJH, QJPN, JHDG, JPMV, DXJF, FJP, DXJR, DXJT, JPN, HGJP, DXJC, JDG, HFXJ, HJPX, JPNH, DEWJ, GSJY, FXJP, DDJP
Mon, Aug. 29, 3:08 PM
- Traffic fatalities in the U.S. jumped 7.2% to 35,092 last year to break away from a long trend of declining auto deaths.
- Close to half of the deaths involved passengers not wearing seat belts, while almost one in three fatalities involved drunk drivers or speeding.
- The increased rate of traffic deaths was more than twice the 3.5% rise in road miles traveled last year amid lower gas prices.
- The issue of traffic deaths has been raised in the automobile industry by companies talking up their self-driving car initiatives, although it's unclear this early on what the impact on fatality rates will be from autonomous driving.
- Related stocks: TM, HMC, OTCPK:NSANY, F, GM, FCAU.
- Previously: Ford to produce mass market autonomous vehicle (Aug. 16)
- Previously: Uber acquires Otto as self-driving push intensifies (Aug. 18)
- Previously: Mobileye and Delphi Automotive confirm self-driving partnership (Aug. 23)
Fri, Aug. 26, 9:43 AM
- Edmunds.com projects new car sales in the U.S. will increase in August to 1,553,508 units, up 1.1% M/M and down 2.5% Y/Y. The mark is high enough to keep the U.S. auto industry on pace for a record year by volume.
- Forecasts by major manufacturers are posted below.
- General Motors (NYSE:GM): -5.7% Y/Y to 255.151K units, market share of 16.6%.
- Toyota (NYSE:TM): +1.9% to 218.237K units, market share 14.2%.
- Ford (NYSE:F): -9.8% to 210.923K, market share of 13.8%.
- Fiat Chrysler Automobiles (NYSE:FCAU): +0.6% to 202.783K units, market share of 13.2%.
- Honda (NYSE:HMC): +2.5% to 159.309K units, market share 10.4%.
- Hyundai/Kia (OTC:HYMLF): +1.2% to 132.475K, market share 8.6%.
- Nissan (OTCPK:NSANY): -1.5% to 131.3579K units, market share 8.6%.
- Volkswagen/Audi (OTCPK:VLKAY): -8.7% to 46.68K, market share 3.0%.
Thu, Aug. 25, 8:28 AM
- Singapore became the first country in the world to offer a self-driving taxi service with the targeted launch of nuTonomy. A full roll-out of an autonomous taxi service across the nation is expected as early as 2018.
- While self-driving cars from Google (GOOG, GOOGL), Baidu (NASDAQ:BIDU), and others have been out testing on the roads for the last few years, nuTonomy's service is the first commercial application of the nascent technology open to public use. Uber (Private:UBER) plans to test self-driving cars in Pittsburgh next month.
- NuTonomy will use human drivers as backups in the initial roll-out of the Renault (OTC:RNSDF, OTCPK:RNLSY) Zoe and Mitusubishi (OTCPK:MMTOF) i-MiEV taxis before moving to full autonomy.
- Other companies with autonomous vehicles on their radar include Mobileye (NYSE:MBLY), Delphi Automotive (NYSE:DLPH), Volvo (OTCPK:GELYF), Ford (NYSE:F), Tesla Motors (NASDAQ:TSLA), Toyota (NYSE:TM), Hertz Global (NYSE:HTZ), Avis Budget (NASDAQ:CAR), Nissan (OTCPK:NSANY), BMW (BAMXY), Intel (NASDAQ:INTC), Honda (NYSE:HMC), FedEx (NYSE:FDX), Lyft (Private:LYFT), and General Motors (NYSE:GM) to name just a partial list -- although analyzing which stocks may benefit from a future of a mix of self-driving cars on the road is a tricky business.
- Previously: Scientists warn on self-driving car rush (July 8)
- Previously: Self-driving car push adds a little buzz for restaurants (Aug. 6)
Wed, Aug. 24, 11:32 AM
- Toyota (NYSE:TM) is pushing out more details on the 2016 Mirai fuel cell model.
- The sporty vehicle lists at $57,500 MSRP and comes with a complementary allowance of three years of hydrogen fuel (up to $15K).
- The equivalent fuel economy rating is 312 miles driving range per tank. Refueling time is estimated at five minutes. Naturally, the emissions for the hydrogen-powered vehicle are at zero.
- The Mirai isn't extremely zippy on the road, with most reviews indicating a zero-to-60 time of around nine seconds.
- The Mirai isn't likely to be spotted out in the wild anywhere but California where a fueling infrastructure is in place in certain regions.
Mon, Aug. 22, 9:03 AM
- Amazon Prime members in the Los Angeles area can have a Hyundai (OTC:HYMLF) Elantra brought to them for a test drive in a new promotion.
- It's one of the first attempts of the on-demand test drive concept in the U.S. and an intriguing push by Amazon (NASDAQ:AMZN) to see if it could shake things up in the automobile industry.
- The company is well-positioned to be used as a selling channel with 63M members now signed up for Prime.
- Last week, Hyundai announced that it would feature Amazon Alexa in its luxury Genesis model.
- Related auto stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCPK:VLKAY, OTCPK:DDAIF, OTC:HYMLF, BAMXY, TTM, TSLA, AN, KMX, SONC.
- Hyundai press release
Tue, Aug. 16, 2:07 PM
- Ford (F -0.7%) announces it plans to introduce a fully autonomous vehicle in a ride sharing or ride hailing service in 2021.
- The company says the new SAE Level 4-capable vehicle will be produced at a mass market level.
- Ford's YouTube announcement
- Related stocks: UBER, LYFT, GM, TSLA, OTCPK:NSANY, OTCPK:VLKAY, TM.