Jul. 17, 2014, 8:11 AM| Comment!
Jul. 7, 2014, 8:32 AM
- General Motors (GM) says a supplier strike in South Africa won't impact it for the medium term.
- Close to 200K members of the National Union of Metalworkers in South Africa walked off the job last week in a dispute over wages.
- Mercedes-Benz (DDAIF) and Toyota (TM) also say they are at full production despite the stoppage.
Jul. 7, 2014, 5:51 AM
- Daimler (DDAIF) is expecting its Mercedes-Benz brand to outperform rivals Audi and BMW by number of cars sold in China this year. Luxury car demand in China is predicted to exceed the U.S. by 2020, and Daimler is determined to secure its market share.
- The company presented a strategy last August that included plans to launch around 20 new or upgraded Mercedes-Benz models in China over two years. The tactic is estimated to increase Chinese sales by a third, to more than 300,000 cars a year by 2015.
Jul. 4, 2014, 8:13 AM
- Global Mercedes-Benz (DDAIF) sales climbed 13% in the first-half of 2014, due to high demand in China and other Asian markets. Sales in June were up 8% compared to a year earlier.
- Strong growth in Asian markets led China to report a 38% increase for the first six months of the year, accounting for 17% of the company's world-wide sales.
- However, other markets attained more modest growth trends. Sales in the U.S. and Europe grew by approximately 7%, while Germany, Mercedes' home market, fell flat in the first-half of 2014.
Jul. 4, 2014, 4:20 AM
- Daimler (DDAIF) is now rivaling Google, after unveiling a self-driving truck prototype, named Mercedes-Benz Future Truck 2025. Unlike Google's pod-shaped, two-seat vehicle, Daimler is aiming its driverless technology at freight transport and the trucking industry.
- The truck is intended to hit the market by 2025, although it will have to pass many regulatory and legal hurdles, and poses clashes with freight unions.
- Regarding the level of supervision required for operating the vehicle, Daimler announced "its truck model still requires human oversight while freeing the driver to perform back-office tasks such as handling bookings and billing, or planning future itineraries."
Jul. 1, 2014, 1:31 PM
Jun. 26, 2014, 4:53 AM
- Confirming earlier reports, Daimler (DDAIF) and Nissan (NSANY) have completed a deal establishing a 50-50 joint venture at a Nissan plant in Mexico.
- Since 2010, Mercedes, Nissan and Renault (RNSDF) have shared engines, plants and vehicle architectures, and the new agreement further forges the German automaker's bond with the Renault-Nissan alliance.
- Advantages of the venture include expanding Nissan's Infiniti models by adding more shared Mercedes parts, and Daimler can now set up a North American production line for its "MFA" vehicle architecture, while lowering development costs.
- DDAIF -0.1% AH
Jun. 23, 2014, 12:29 PM| Comment!
Jun. 18, 2014, 10:57 AM
Jun. 17, 2014, 8:08 AM
- European car registrations rose 4.5% in May to 1.13M units to mark the 9th consecutive month of a year-over-year sales gain.
- All the EU nations showed positive growth during the month with the exception of Italy which saw a 3.8% falloff.
- Sales growth by automaker: Volkswagen (VLKAY) +9.6%, Peugeot (PEUGY) +4.3%, Fiat (FIATY) +5.6%, General Motors (GM) -6.8%, Renault (RNSDF) +18.8%, Daimler (DDAIF) +3.6%, Toyota (TM) +3.4%, Ford (F) -2.0%, BMW (BAMXY) -2.2%, Fiat (FIATY) -2.7%, Nissan (NSANY) +10.7%, Hyundai (HYMLF) -2.7%.
Jun. 13, 2014, 11:41 AM
- European Automobile Manufacturers’ Association President Carlos Ghosn calls on EU policy makers to allow the industry the flexibility to innovate.
- The Renault CEO says the EU needs to be "technology-neutral" as well as remove non-tariff barriers and invoke regulatory cooperation.
- European automakers (PEUGY, VLKAY, DDAIF, RNSDF, BAMXY) have argued in the past that strict EU regulations have kept them stuck in neutral.
Jun. 11, 2014, 8:01 AM
- Ford (F) and Honda (HMC) will gain 50 bps of U.S. market share over the next three years while other major automaker remain level, according to estimates from Bank of America Merrill lynch Global Research.
- The investment firm sees a U.S. SAAR selling rate of 18M vehicles per year by 2018.
- 2017 market share forecast: General Motors (GM) 17.9%, Ford (F) 16.2%, Toyota (TM) 14.4%, Fiat Chrysler (FIATY) 11.5%, Hondda (HMC) 10.3%, European automakers 8.3% (BAMXY, DDAIF, VLKAY), Hyundai-Kia (HYMLF) 8.1%
Jun. 3, 2014, 2:53 PM
- Auto sales in the U.S. got a late boost over the Memorial Day weekend to push the new car sales tally for May to close to 1.6M units.
- The top seven automakers all beat analyst expectations as consumers were more active than anticipated.
- General Motors (GM) shook off any worries that the incessant recall news would cut into demand to set a seven-year high for the month, while Subaru (FUJHY) and Toyota (TM) carved out some more market share.
- Daimler (DDAIF) and Volkswagen (VLKAY) lost ground during the month.
- Kelley Blue Book reports new car prices in the U.S. rose 2.1% Y/Y to an average transaction price of $32,307. Chrysler (FIATY) led the way with a 4.8% jump.
Jun. 3, 2014, 1:59 PM
May. 30, 2014, 6:54 AM
May. 26, 2014, 9:52 AM
- Ford (F) CEO Alan Mulally has warned about overproduction in Europe, saying that factory closures over the past year have not lowered capacity enough.
- "European carmakers need to cut back further...as excess capacity on the continent remains at dangerous levels," Mulally says.
- His warning comes despite sales on the continent starting to recover this year after falling by about 4M cars from 2007-2013.
- Relevant tickers: TM, RNSDF, VLKAF, GM, DDAIF, BAMXF, FIATY, HMC, PEUGF, F
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