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BMW CEO Discusses Q2 Results - Earnings Call TranscriptAug. 30, 2010
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Monday, Mar 312:58 PM
Tuesday, Feb 256:53 AM
Tuesday, Feb 256:53 AM| Comment!
- BMW (BAMXY) has a goal to double engine capacity in China as it looks to take advantage of strong demand for its vehicles.
- The automaker will make as many as 400K engines in tandem with its local joint venture partner at a new facility in China.
- Last year, Audi outsold BMW in the nation and showed a slightly higher rate of growth.
Saturday, Feb 1512:05 AM
Saturday, Feb 1512:05 AM| 82 Comments
- In one of the most closely watched union votes in the U.S. in decades, workers at the Volkswagen (VLKAY, VLKAF) plant in Chattanooga, Tenn., voted against joining the United Auto Workers union.
- A win would have marked the first time the UAW had been able to organize a foreign-owned auto plant in the U.S., as well as a turnaround in sentiment in the traditionally anti-union South.
- The UAW’s loss likely will hurt plans to organize other auto plants in the South; two other German-owned plants, Mercedes-Benz (DDAIF) in Alabama and BMW (BAMXY, BAMXF) in South Carolina, as well as a Nissan (NSANY, NSANF) plant in Mississippi, have been among its top targets.
- The UAW enjoyed some unusual help - the cooperation of Volkswagen management and the aid of Germany's IG Metall union - yet it still lost; "If the union can't win [in Chattanooga], it can't win anywhere."
Tuesday, Feb 43:06 PM
Tuesday, Feb 43:06 PM| 24 Comments
- IHS Automotive forecasts global electric vehicle production will increase 67% this year as a number of major automakers (DDAIF, BAMXY, TTM, HYMLF) enter the category (EV and plug-in hybrids) or try new markets.
- Europe will account for 40% of all EV production, followed by Asia at 30% and the U.S. with 27%, according to IHS.
- Three EV trends to watch: 1) Automakers (NSANY, TM, GM) needed a high level of incentives to spur electric car demand in the U.S. last year. Will 2014 be any different? 2) Demand in China for EVs could soar if the government keeps instituting mandates to lower pollution in major cities. 3) The war of words between Tesla (TSLA) and Toyota (TM) on electric batteries vs. hydrogen could intensify late in the year as the much-hyped Toyota FCV debut gets closer.
Monday, Feb 31:39 PM
Friday, Jan 313:13 PM
Wednesday, Jan 299:49 AM
Wednesday, Jan 299:49 AM| 1 Comment
- A top BMW (BAMXY) executive doesn't think building out a public charging infrastructure is a top priority from his company's perspective,
- Most buyers of the electric i3 will live in urban areas and drive short distances, reasons board member Herbert Diess.
- The EV strategy of Europe-focused BMW is different than that of Tesla Motors which has been busy building out its Supercharger network in the U.S.
- Previous: Tesla completes its own Cannonball Run
Friday, Jan 243:06 PM|Friday, Jan 243:06 PM| Comment!
Friday, Jan 1712:45 PM
Friday, Jan 1712:45 PM| Comment!
- German luxury automakers (VLKAY, DDAIF, BAMXY) are hitting price points at around $30K with new models in order to build brand loyalty. Execs with the companies think that by opening up the brand they will see demand benefits down the road.
- The pricing on the their low-end vehicles now overlaps popular entries from Chevrolet (GM), Toyota (TM -0.7%), and Honda (HMC -0.2%).
- The group used the same tactic in Europe to some success.
Thursday, Jan 163:08 PM
Thursday, Jan 163:08 PM| 6 Comments
- Kelley Blue Book sees U.S. auto sales of 16.3M units this year to rep a growth rate of 4.9%. One of the biggest risks to the industry is a bump in interest rates to a level where buyers are pushed away from purchasing new cars. Industry watchers think the luxury sector (VLKAY, BAMXY, DDAIF) could see the sharpest impact as consumer previously willing to stretch trade down.
- Ford's (F) increased use of aluminum in the widely popular F-150 line will be in focus. Analysts think could consumer reaction could go either way. Rival truck makers like Ram (FIATY) are set to pounce if the aluminum concerns show any validity.
- Japanese automakers (NSANY, TM, HMC, MZDAY, SZKMY, FUJHY) are betting big on growth in the U.S. as tensions in China continue to crop up and clip sales from climbing to full potential .The group is seen as likely to use incentives and promotions in the U.S. to gain market share if sales momentum slows.
- Toyota vs Telsa: Top execs with the two automakers have dialed up the rhetoric on the use of hydrogen fuel cell cars despite being long-time partners. With the Toyota (TM) FCV and Tesla (TSLA +4.5%) Model X both slated for a 2015 launch, the remainder of this year could see the war of words escalate.
Friday, Jan 109:26 AM
Friday, Jan 109:26 AM| 11 Comments
- The intersection of technology and the automobile industry was on full display this week at the Consumer Electronics Show where a record number of automakers presented.
- Though the sneak peek at the new gadgetry and the evolution of on-board systems was quite impressive, there's a bit of backlash building on privacy issues.
- As more mobile devices connect to cars, and Google's Open Automototive Alliance and GM's OnStar system evolve, hyper-local marketing could take off. It's a gray area with few legal precedents, note privacy advocates.
- A Ford exec probably got a little too fired up at CES earlier this week with this comment: "We know everyone who breaks the law, we know when you're doing it. We have GPS in your car, so we know what you're doing."
- Related stocks: GM, F, TM, FIATY, HMC, NSANY, TSLA, VLKAY, DDAIF, HYMLF, BAMXY, TTM, FUJHY.
Thursday, Jan 99:27 AM
Monday, Jan 612:22 PM
Monday, Jan 612:22 PM| 1 Comment
- The rapid evolution of Internet-connected cars is expected to be a major theme at 2014 Consumer Electronics Show this year. Mercedes (DDAIF), Audi (VLKAY), Ford (F), BMW (BAMXY), and Chrysler (FIATY) will all showcase new services which enable consumers to link mobile devices to their cars.
- Priceline.com (PCLN +0.2%) has a new partnership with General Motors (GM +1.5%) that will see the company's hotel booking service become available within the new Chevrolet AppShop. Watch for a great deal of talk on how the automaker's OnStar system fits into the evolution of infotainment systems in the industry with heavyweight Google and others quite active in the field.
- Other highlights from automakers include a closer look at BMW's all-electric i3 and Ford's highly anticipated C-Max Solar Energi.
- Though demonstrations of self-driving cars will be a crowd pleaser, the nascent technology doesn't threaten to disrupt the market for a few more years at least. (Related: Google, you can drive my car).
Friday, Jan 32:44 PM
Tuesday, Dec 312013, 2:52 PM
Tuesday, Dec 312013, 2:52 PM| 16 Comments
- IHS Automotive is out with a forecast on self-driving cars which could prove to be provocative.
- The research firm thinks by the year 2035 close to 9% of all cars sold will be able to function without a human driver. The estimate is more aggressive than most covering the nascent technology.
- The anticipated benefits of autonomous cars include fewer accidents, less traffic congestion, and an easier way for the industry to keep emission pollution under control. Detractors say insurance liability and software concerns will plague growth rates
- What to watch: The engineers at Google X may have something to say about the direction of the self-driving car initiative. The company's purchase of Boston Dynamics, the advent of Google glasses, and the spins the company's early prototype has taken around Silicon Valley all point to more than a passing interest by the tech giant.
- Related stocks: GM, F, TM, FIATY, HMC, NSANY, TSLA, VLKAY, DDAIF, HYMLF, BAMXY, PEUGF, RNSDF, FUJHY.
Monday, Dec 302013, 7:02 AM|Monday, Dec 302013, 7:02 AM| Comment!