Oct. 1, 2014, 12:42 PM
Sep. 29, 2014, 10:22 AM| 1 Comment
Sep. 26, 2014, 1:59 PM
- A forecast for strong growth in the luxury segment underpins the aggressive investments many foreign automakers are making in China.
- General Motors expects 10% of all cars sold in China will be a luxury model by the end of the decade.
- Luxury sales are up 15% YTD in the nation.
- Related stocks: OTCPK:DDAIF, OTCPK:BAMXY, OTCQX:VLKAY, GM, OTCPK:NSANY, TM, TTM, F.
Sep. 22, 2014, 2:01 PM
- Governor Jerry Brown of California has been busy signing bills to help support the electric vehicle industry in the state.
- Brown signed bills to help low-income drivers afford EVs and extend charging networks into new neighborhoods.
- A long-term goal is in place by the state to have 1.5M zero-emission vehicles on the roads by 2025.
- Models which could see a boost from California's latest round of EV-friendly legislation includes the BMW i3, Chevrolet Volt, Tesla Model S, Toyota Prius plug-in, Honda Accord plug-in, Nissan Leaf, Ford Fusion Energi, Ford C-Max Energi, BMW i3, and the Cadillac ELR.
- Related stocks: OTCPK:BAMXY, OTCPK:NSANY, TM, HMC, F, GM, TSLA.
Sep. 18, 2014, 3:16 AM
- The Consumer Financial Protection Bureau has put forward a plan to begin supervising the finance units of major car companies, overseeing the 38 largest nonbank lenders in the automotive industry.
- Under the plan, the regulator will scrutinize whether nonbank car-loan providers are discriminating against minorities, using deceptive tactics in marketing loans and following debt-collection laws.
- The new plan would put the finance divisions of major automakers under federal supervision for the first time.
- Related tickers: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, KMX
Sep. 17, 2014, 7:36 AM
- Automobile registrations increased 1.8% to 701K vehicles in August, according to the European Automobile Manufacturers Association.
- The rate of monthly growth is the slowest of the year.
- Sales declined slightly during the month in Germany, France, and Italy.
- Sales growth by automaker: Volkswagen (OTCQX:VLKAY) +9.4%, Peugeot (OTCPK:PEUGY) +1.9%, Fiat (OTCPK:FIATY) -2.8%, General Motors (NYSE:GM) -14.7%, Renault (OTC:RNSDF) -3.1%, Daimler (OTCPK:DDAIF) -5.3%, Toyota (NYSE:TM) -6.2%, Ford (NYSE:F) +17.4%, BMW (OTCPK:BAMXY) -1.4%, Fiat (OTCPK:FIATY) -2.8%, Nissan (OTCPK:NSANY) +1.6%, Hyundai (OTC:HYMLF) +2.0%.
Sep. 8, 2014, 9:29 AM
- The average fuel economy of light vehicles sold in the U.S. improved by 2.4% Y/Y to 25.4 mpg in August, according to Ward's Auto.
- BMW (OTCPK:BAMXY) was the automaker with the biggest jump, improving its average mpg to 28.2 as the new i8 helped pull up its average.
- Jaguar Land Rover (NYSE:TTM) was the only brand below the 20 mpg mark.
Sep. 8, 2014, 8:33 AM
- Morgan Stanley takes a cautious view on the U.S. automobile industry in a sector-wide downgrade.
- Easy financing and leasing terms is pulling forward demand from the future, according to a forecast from MS.
- The investment firm's price target on General Motors (NYSE:GM) was reduced to $29 from $33.
- Related stocks: TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY.
- Previous: Ford cut to Underweight by MS.
Sep. 3, 2014, 1:39 PM
Sep. 2, 2014, 6:56 AM
Aug. 29, 2014, 10:27 AM
- Global auto sales rose 1.5% in July to 6.87M units.
- A strong month in China and India helped offset weakness in Japan, Brazil, and Russia.
- YTD sales are up 2.6% Y/Y to 50.2M units through July, paced by strong demand in North America and Asia.
- What to watch: South America continues to see its market share for global auto sales slide. The region could see automakers pull back further on capacity and investments due to the slump.
- Automakers: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM
Aug. 26, 2014, 6:52 AM| 56 Comments
Aug. 26, 2014, 5:07 AM
- India’s antitrust regulator has fined major automakers over anti-trust violations, just days after authorities in China imposed similar penalties.
- The commission found that carmakers were able to charge high prices by providing spare parts only to authorized repair shops.
- A total fine of 25.4B rupees ($420M) was slapped on 14 automotive groups including Tata Motors (NYSE:TTM) and the local units of Honda (NYSE:HMC), Volkswagen (OTCQX:VLKAY), Fiat (OTCPK:FIATY), BMW (OTCPK:BAMXY), Ford (NYSE:F), General Motors (NYSE:GM), Mercedes-Benz (OTCPK:DDAIY), Nissan (OTCPK:NSANY) and Toyota (NYSE:TM).
Aug. 20, 2014, 7:20 AM
- South Korea could be the next nation to crack down on foreign automakers and suppliers over pricing, warns Automotive News.
- A broad probe in China has led to fines and pricing cuts by manufacturers.
- The South Korean Fair Trade Commission has already probed BMW (OTCPK:BAMXY), Mercedes-Benz (OTCPK:DDAIF), and Volkswagen (OTCQX:VLKAY) over price fixing.
Aug. 18, 2014, 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.
Aug. 13, 2014, 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.
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