Oct. 3, 2014, 4:21 AM
- In a note yesterday, BofA/ML listed the following Buy ideas:
- ABB (NYSE:ABB), CRH (NYSE:CRH), Gamesa (OTCPK:GCTAF, OTCPK:GCTAY), Hugo Boss (OTCPK:BOSSY, OTC:HUGPF), Imperial Tobacco (OTCPK:ITYBF, OTCQX:ITYBY)
- Firm also listed the following Underperform ideas:
- Daimler (OTCPK:DDAIF, OTCPK:DDAIY), Infineon (OTCPK:IFNNF, OTCQX:IFNNY)
Oct. 3, 2014, 4:07 AM
- Marking the climax of an eight-year investigation, seven current and former managers at Airbus (OTCPK:EADSY), and previous shareholders Lagardere (OTCPK:LGDDF) and Daimler (OTCPK:DDAIF), will stand trial in a French court today over insider trading claims when they sold shares in what was then EADS in 2006.
- Prosecutors are expected to argue that the execs and shareholders knew the full extent of industrial problems on the A380 and the likelihood of a costly redesign of the A350 when they sold their shares.
- The announcement of worsening delays on the A380 and a large profit warning wiped 26% from the EADS stock price on June 13, 2006, erasing €5.5B ($6.96B) of market value.
- OTCPK:EADSY -0.3% AH
Oct. 1, 2014, 1:31 PM
- Mercedes-Benz (OTCPK:DDAIF) unit sales +10.6% to 27,315.
- Sales growth by Mercedes class: C-Class -1.6% to 6,285; E-Class -13.5% to 4,883; S-Class +393% to 1,909; M-Class +8.8% to 3,460; GL-Class -8.3% to 2,154.
- Sprinter sales rose 2.6% to 2,208.
- Smart sales up 19.7% to 748.
- Pre-owned sales for Mercedes-Benz increased 30.1% to 8,648.
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. 24, 2014, 10:47 AM
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. 16, 2014, 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.
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, 1:23 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.
Sep. 2, 2014, 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.
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. 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.
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