Today, 9:30 AM
- Ford (NYSE:F) knocked out its best month of U.S. sales for August over the last nine years on double-digit growth for utilities and trucks.
- SUV sales were up 12% during the month, while van sales exploded with a 70% Y/Y pop as the new Transit sold well.
- Sales growth by brand: Ford +5.4% to 225,601; Lincoln +6.0% to 8,636.
- Sales growth by model: Ford Focus -26% to 16,321; Ford Fusion -4% to 28,270; Ford C-MAX -37% to 2,224; Ford Mustang +70% to 9,997; Ford F-Series +4.7% to 71,332; Ford Explorer +22% to 21,658; Ford Transit 10,263 (new); Ford Edge +36% to 11,832; Lincoln MKX -14% to 1,763 Lincoln MKC +37% to 2,411.
- Ford YTD U.S. sales +2.7% to 1,750,589 units.
- Previously: Ford August U.S. sales: +5.4%
Today, 9:20 AM| Today, 9:20 AM | 39 Comments
Wed, Aug. 26, 10:13 AM
- Ford (F +1.3%) is mulling over returning production of the Bronco sport utility vehicle and Ranger compact vehicle to Michigan, sources tell Bloomberg.
- The automaker has faced some criticism over considering assembling Focus and C-Max vehicles in Mexico.
- Ford is in active negotiations with the UAW which is likely to influence some its manufacturing decisions.
Mon, Aug. 24, 10:47 AM
- Home Depot (HD -2.2%) and Ford (F -3.7%) have recovered from breath-taking drops in initial trading after the bell.
- Shares of Home Depot were down 22% at their lows, while Ford traded 15% lower. Traders are uncertain as to why the two stocks fell sharper than some peers in the consumer/services sector.
Mon, Aug. 24, 9:45 AM
- Automaker stocks are one of the hardest hit sectors in early trading.
- Concerns over demand in China and ambitious capacity growth in the automobile industry have been raised to a new level.
- Notable decliners include General Motors (GM -5.4%), Ford (F -5.6%), Toyota (TM -6%), Honda (HMC -5.9%), and Tesla Motors (TSLA -6.1%).
Fri, Aug. 14, 11:43 AM
- Automobile industry labor issues have been teed up as a political topic with most 2016 Presidential candidates delicately walking a tightrope over the issue.
- The UAW is in the process of negotiating critical new contracts with Detroit automakers which involves tough talk on both sides as well as the Big Three (F, GM, FCAU) using the leverage of potentially moving more production to Mexico or Canada.
- One candidate making a lot of noise about automakers is Donald Trump. The GOP front-runner in the polls believes opening up more U.S. states for auto manufacturing would lead to lower wages across the board and take Mexico out of the equation. It's a position the UAW will challenge vociferously, and as pointed out in the Detroit Free Press, may backfire in the long run.
- Trump also promises a tougher stance on Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) - a populist stance that some other GOP candidates will be hesitant to match due to trade implications.
- Analysts think the spotlight on wages this summer could hurt negotiations for automakers.
Wed, Aug. 12, 2:36 PM| Wed, Aug. 12, 2:36 PM | 43 Comments
Tue, Aug. 11, 8:46 AM| Tue, Aug. 11, 8:46 AM | 13 Comments
Fri, Aug. 7, 4:53 PM
- Ford (NYSE:F) has hired Tower International (NYSE:TOWR) as a second supplier to provide steel frames for its best-selling F-150 truck, hoping to better meet delivery demands amid a parts shortage from its current supplier, WSJ reports.
- Ford is struggling to get as many F-150s on dealer lots as originally planned because its supplier, Mexico-based Metalsa, is having trouble building enough frames to keep pace with production needs, according to the report.
- Meanwhile, Ford is said to be shipping frames to its factories by truck rather than rail to get them there faster but at a higher cost.
Mon, Aug. 3, 9:29 AM
- Ford (NYSE:F) reported momentum for F-Series sales in July with both volume and pricing strong.
- SUV sales rose 11% during the month.
- Sales growth by brand: Ford +4.3% to 213,915; Lincoln +21.3% to 9,536.
- Sales growth by model: Ford Focus -3.9% to 17,027; Ford Fusion +4.9% to 25,105; Ford C-MAX -35.9% to 1,918; Ford Mustang +29.2% to 8,482; Ford F-Series +4.8% to 66,288; Ford Explorer +27.2% to 21,361; Ford Transit 8,025 (new); Ford Edge +17% to 10,020; Lincoln MKX +27% to 2,519; Lincoln MKC +60% to 2,455.
- Van sales were up 14% to 16,090 units.
- Ford YTD U.S. sales +2.3% to 1,516,352 units.
- Previously: Ford July U.S. sales: +4.9%
- F +1.18% premarket to $15.00.
Mon, Aug. 3, 9:20 AM
Fri, Jul. 31, 1:50 PM
- The NHTSA is investigating if other automakers are at risk of hacking attacks after 1.4M Fiat Chrysler automobiles were recalled last week due to an exposure highlighted in Wired magazine.
- The regulator plans to focus on if wireless components supplied to Fiat are also used in other vehicles on the road in a way that isn't fully secure from remote access.
- The U.S. Copyright Office is also a major player in the hacking drama. This fall the government body will rule on if third-party researchers can access components and software to check for vulnerabilities. The open source vs. proprietary debate will be familiar to tech investors.
- Previously: Automakers start to tackle hacking issue (Jul. 23 2015)
- Previously: More security flaws seen in connected vehicles (Jul. 31 2015)
- Previously: Hacking demo leads to recall of 1.4M Fiat Chrysler vehicles (Jul. 24 2015)
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF, OTCPK:MZDAY, TSLA.
Thu, Jul. 30, 7:49 AM
- The new aluminum-bodied Ford (NYSE:F) F-150 was put to the safety test by the insurance industry.
- The four-door Super Crew F-150 version (83% of sales) earned high ratings, while the Super Cab version didn't earn the top safety award.
- Repair costs for the new F-150 were found to be 26% higher than those for older models.
- Perhaps the most important revelation from the testing is aluminum was found to be strong and performed as well as steel.
- F-150 peers will be tested by the IIHS later this fall.
Tue, Jul. 28, 7:22 AM
- Ford (NYSE:F) grew pretax profit by 10% to $2.9B in Q2. Operating margin was up 60 bps to 7.2%.
- Wholesale volume was up 2% during the period, pushing up Ford's global market share by 10 bps to 7.6%.
- North America: Revenue $23.3B, operating margin -50 bps to 11.1%, volume and pricing strong, record profit level for the quarter.
- South America: Revenue $1.5B, operating margin +160 bps to -12.4%, strong demand for the Ka model.
- Europe: Revenue -14% to $7.0B due in part to F/X, operating margin -40 bps to -0.2%.
- Middle East/Africa: Revenue $0.9B, operating margin -710 bps to -5.1%, wholesale volume down 10%.
- Asia Pacific: Revenue $2.4B, operating margin +230 bps to 7.8%.
- Previously: Ford Motor beats by $0.10, beats on revenue
- F +1.58% premarket to $14.80.
Tue, Jul. 28, 7:06 AM
Mon, Jul. 27, 5:30 PM
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