Daimler AG Q2 2010 Earnings Call TranscriptJul. 27, 2010
Daimler Q1 2010 Earnings Conference Call TranscriptApr. 27, 2010
Daimler AG Q4 2009 Earnings Call TranscriptFeb. 18, 2010
Daimler AG Q3 2009 Earnings Call TranscriptOct. 31, 2009
Thu, Sep. 18, 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
Wed, Sep. 17, 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%.
Tue, Sep. 16, 3:04 PM
- Google (GOOG +1.3%), Mercedes-Benz (OTCPK:DDAIF), and Volkswagen (OTCQX:VLKAY) have been issued permits by the California Department of Motor Vehicles to operate self-driving cars on public roads.
- The permits still require a backup human to sit in the front seat to monitor the driving situation.
- Though self-driving cars are still just a novelty for now, tech advances stemming from development have already been introduced in current models.
- What to watch: Fully autonomous cars are expected to be introduced over the next five years for use within campuses, retirement communities, or business complexes.
Mon, Sep. 8, 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.
Wed, Sep. 3, 1:23 PM
- Mercedes-Benz (OTCPK:DDAIF) unit sales +9.4% to 27,078.
- Sales growth by Mercedes class: C-Class -23.1% to 5,151; E-Class -0.6% to 6,481; S-Class +312% to 1,855; M-Class -9.9% to 3,438; GL-Class -18.9% to 2,208.
- Sprinter sales rose 35.3% to 1,880.
- Pre-owned sales rose 40.6% to 13,018 during the month.
Tue, Sep. 2, 1:07 PM
- Aston Martin selects Andy Palmer to be its new CEO
- Palmer was the exec in charge of Nissan's electric vehicle program.
- The buzz in the industry is that development on several new Aston Martin models, including a SUV, is in the works.
- Daimler (OTCPK:DDAIF) holds a 5% stake in Aston Martin as part of a technology-sharing arrangement, while former parent Ford (NYSE:F) still owns ~15% of the automaker.
Tue, Sep. 2, 6:56 AM
Fri, Aug. 29, 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
Tue, Aug. 26, 6:52 AM| 56 Comments
Wed, Aug. 20, 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.
Mon, Aug. 18, 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.
Mon, Aug. 18, 2:04 AM
- China's anti-trust regulator has found Mercedes-Benz (OTCPK:DDAIY) guilty of manipulating prices for after-sales services, says Reuters quoting the Xinhua news agency.
- The auto market and other industries have been under investigation in China, as the country increases its efforts to bring companies into compliance with its 2008 anti-monopoly law.
- The legislation allows China's National Development and Reform Commission, to impose fines of up to 10% of a company's Chinese revenues for the previous year.
Fri, Aug. 15, 9:58 AM
Wed, Aug. 13, 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.
Mon, Aug. 11, 10:12 AM
- Sales of luxury cars in the U.S. are up 7.1% Y/Y through July, according to segment data from Wards Auto.
- The solid sales growth comes ahead of what is typically the high-demand part of the year.
- New model roll-outs slated for the fall and winter include the BMW X4, Cadillac Escalade, and Porsche Macan.
- Related stocks: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTC:PEUGF, OTC:RNSDF, TTM.
Fri, Aug. 8, 7:46 AM
- China auto sales rose 9.7% to 1.3M vehicles in July, according to The China Association of Automobile Manufacturers. The mark falls short of the double-digit pace seen in May and June.
- Passenger car sales rose 11% to 11M in China for the first seven months of the year.
- German automakers (OTCPK:DDAIF, OTCPK:BAMXY, OTCQX:VLKAY) have gained 190 bps of market share this year to 21.5% share, while Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) added 20 bps to 15.1%.
- Cars sold by Chinese automakers repped 37% of the market, while U.S. automakers (GM, [F) grabbed 12.8%.
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