Tue, Feb. 10, 1:39 PM| Comment!
Tue, Feb. 3, 7:41 PM
- Automakers turned in an impressive U.S. sales tally for January with majors GM, Ford, Fiat Chrysler Automobiles, Honda, and Toyota all with double-digit sales growth.
- The gains weren't top-heavy as Subaru (+24%), Audi (+14%), Mitsubishi Motors (+33%), and even Porsche (+27%) all big gainers.
- Sales of lights trucks and SUVs rose 19.3% during the month, according to Autodesk.
- Average transaction prices were up 5.2% Y/Y on average, estimates Kelley Blue Book. GM and Ford both benefited on their ATP through a higher mix of SUVs and trucks.
- It wasn't a spectacular month for electric vehicle sales with demand for the Nissan Leaf falling off and the Tesla Model S an insignificant factor in the U.S. total.
- High-level automobile execs attributed the strong demand in part to the $2 gas price level seen across the U.S.
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF.
Tue, Feb. 3, 1:07 PM
Sat, Jan. 31, 10:39 AM
- Automakers need to address the issue of how to sell to millennials, according to data from TrueCar.
- The group is projected to purchase 4.24M vehicles in 2015 to account for close to 25% of the total new car market in the U.S. That's a percentage that will stay on the rise over time.
- A few things to keep in mind about millennials.
- They have an indie spirit that can veer away from dominant brands. Just ask McDonald's or Anheuser-Busch InBev.
- They are early adopters of new technology. Just ask the cable companies.
- They don't take their marching orders from Madison Avenue on what products are on-trend. Just ask Abercrombie & Fitch.
- Millennials are likely to have a lot to say with the critical question on if electric batteries or hydrogen fuel cells (Tesla vs. Toyota) emerge as the dominant alternative energy source for the industry.
- Automaker stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU.
Thu, Jan. 22, 3:31 PM
- A new initiative from Volkswagen (OTCQX:VLKAY), BMW (OTCPK:BAMXY) and ChargePoint will see express electric vehicle charging corridors set up on the West Coast and East Coast.
- The updated 50 kW stations will be able to charge the BMW i3 and the Volkswagen e-Golf up to 80% in about 20 minutes.
- The project is expected to be finished by the end of 2015.
- ChargePoint is the largest operator of EV charging stations in the U.S.
Thu, Jan. 22, 9:16 AM
Fri, Jan. 16, 7:30 AM| Comment!
Thu, Jan. 15, 8:08 AM
- "It’s time to introduce a hydrogen era," said Prime Minister Shinzo Abe in Tokyo as he announced a government initiative to build out a self-service hydrogen network of stations.
- The development comes only two days after Tesla Motors (NASDAQ:TSLA) CEO Elon Musk called hydrogen a "dumb" energy storage system.
- Toyota (NYSE:TM) is the pioneer in the FCV field and is building 1.5K Mirai vehicles for the Japanese government. Though taking a cautious approach to rolling out production, the world's top-selling automaker isn't ruling out selling hydrogen cars in all markets eventually.
- Review: Car and Driver's deep dive into the Toyota Mirai FCV.
- Related: Toyota opens up 5680 patents on fuel-cell technology to other automakers.
- What to watch: Abe has endorsed larger fuel-cell subsidies than those offered for electric vehicles in China, Europe, and the U.S. Will more governments take a side in the hydrogen vs electric battle setting up in the automobile industry?
- Related stocks: F, GM, OTCPK:NSANY, OTCPK:BAMXY, OTCPK:DDAIF, KNDI, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF
Wed, Jan. 14, 2:29 PM
- Auto sales in India rose 11.8% to 262,795 units in December, according to WardsAuto.com.
- Sales for 2014 ended at 3.213M units, down 1.8% Y/Y.
- Higher prices from automakers due to increased excise taxes are expected to hold back demand in 2015.
- Related stocks: OTCPK:SZKMF, HMC, TTM, OTCPK:BAMXY, OTCQX:VLKAY, OTCPK:NSANY.
Mon, Jan. 12, 10:23 AM
- General Motors (GM -0.1%) calls the new Bolt concept a "game-changing" model in the EV segment.
- "Chevrolet believes electrification is a pillar of future transportation and needs to be affordable for a wider segment of customers," proclaims GM.
- The automaker plans to offer the model in all 50 states and in many global markets. That statement could indicate GM plans to partner with an existing retail chain in an ambitious charging station build-out initiative.
- A starting price of $30K for the Chevrolet Bolt is expected.
- The details on performance, style, tech features, and crossover aesthetics are quite impressive - although it's relevant to note that GM use the word "concept" 22 times in its press release.
- There's a vigorous debate on this 434-comment stream on the impact for Tesla Motors (TSLA -3.3%) and other EV manufacturers (TM, OTCPK:NSANY, OTCPK:BAMXY) from the Bolt development.
Sat, Jan. 10, 9:20 AM
- General Motors (NYSE:GM) plans to introduce a new all-electric model with a driving range of close to 200 miles.
- The automaker will unveil a concept version of the Chevrolet Bolt at the Detroit Auto Show next week.
- The Bolt will be priced in a range of $30K to $35K, below that of several other EV entries including the anticipated selling price of the Model 3 from Tesla Motors (NASDAQ:TSLA).
- A more advanced battery from LG Chem is promised than the one used in Chevrolet Volts.
- 2014 GM EV sales: Chevrolet Volt 18.8K, Cadillac ELR 1.31K (full EV report)
- Related stocks: OTCPK:BAMXY, OTCPK:NSANY, TM.
Fri, Jan. 9, 4:38 AM
- German automakers had a great year in 2014 despite stiff competition in the growing market for luxury cars and SUVs.
- BMW's (OTCPK:BAMXY) vehicle sales soared past the 2M mark for the first time last year, as deliveries of its BMW, Mini and Rolls-Royce brands rose 7.9% to 2.12M cars.
- Volkswagen’s (OTCQX:VLKAY) Porsche brand also sold more cars than ever in 2014, delivering 190K vehicles to customers, and reporting a 17% rise in annual sales.
Wed, Jan. 7, 8:02 PM
- Sales of electric vehicles in the U.S. rose 23% to 119.7K in 2014, according to a summary from InsideEVs.com.
- December was the peak month of the year with EV sales of 12,784 units.
- 2014 EV sales by model (estimated): Nissan Leaf 30.2K, Chevrolet Volt 18.8K, Tesla Model S 17.3K, Toyota Prius 13.2K, Ford Fusion Energi 11.55K, Ford C-Max Energi 8.4K, BMW i3 6.09K, Smart ED 2.59K, Ford Focus Electric 1.96K, Fiat 500e 1.79K, Cadillac ELR 1.31K, Toyota RAV4 1.18K.
- Plug-in entries from Porsche, Honda, Kia, Volkswagen, and Mitsubishi all recorded sales of less than a thousand for the year.
- Related stocks: OTCPK:NSANY, GM, TSLA, TM, F, OTCPK:BAMXY, OTCPK:DDAIF, FCAU, OTC:HYMLF, OTCQX:VLKAY.
Tue, Jan. 6, 8:20 AM
- The spinoff of Ferrari could give Fiat Chrysler Automobiles (NYSE:FCAU) enough breathing room to seek a merger partner, according to auto industry analysts.
- The rising cost of developing clean cars in Europe and the U.S. sets the stage for automakers to join forces through mergers and extended partnerships.
- "Eventually it must happen," notes FCA chief Sergio Marchionne on the topic of mega-mergers.
- No company is too big to be ruled out of the merger discussions due to the benefits of scaling investment costs and matching strengths/weaknesses in Europe, Latin America, China, and the U.S, note insiders.
- Automakers: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:FUJHY, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM, KNDI. OTCPK:SZKMY, OTCPK:MZDAY.
Tue, Jan. 6, 4:37 AM
- The Consumer Electronics Show that kicked off in Las Vegas yesterday is showing off some future technologies that could hit the auto industry.
- Likened to a luxury lounge that chauffeurs passengers autonomously, Mercedes Benz (OTCPK:DDAIF) showed off a prototype for its new concept car on Monday, called the F 015 Luxury in Motion.
- BMW (OTCPK:BAMXY) will unveil its wirelessly charging i8 hybrid sports car later this week, which uses a magnetic field to transmit electricity between a base pad on a garage floor and a coil on the underside of the vehicle.
Mon, Jan. 5, 1:54 PM
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