Fri, Apr. 17, 2:10 PM
- Ford (F -1.3%) confirms it will invest $2.5B in engine and transmission plants in Mexico.
- Expansion at two existing plans and the development of a third new facility will create about 3.8K new jobs.
- The automaker manufactures conventional and hybrid Ford Fiesta, Ford Fusion, and Lincoln MKZ models in the region.
- Previously: Toyota to open first Mexico passenger car plant (April 14)
- Previously: Ford expected to invest $2.5B in Mexico plants (April 14)
Wed, Apr. 15, 8:26 AM
- Ford (NYSE:F) reports sales increased 14.4% Y/Y in March to 168,400 units.
- The automaker says it grabbed another 20 bps of market share to take it to 9.1%.
- Ford's Q1 sales in Europe ended up 12.5% higher at 335,100 units.
- Ford Europe sales by model in March: Ka 7.2K, Fiesta 47.5K, Focus 32.2K, C-Max 10.3K, Kuga 12.2K, Mondeo 9.2K, Transit Custom 13.7K, Transit Connect 5.2K.
Tue, Apr. 14, 12:39 PM
- Ford (F +0.9%) is poised to announce a $2.5B investment in Mexico, sources tell Reuters.
- The automaker is expected to disclose on Friday a plan to expand a diesel engine plant in Chihuahua and a transmission plant in Guanajuato.
- Several major automaker have set plans to expand capacity and add jobs in Mexico to meet the expected rise of auto sales in North and South America.
- Related ETFs: EWW, UMX, SMK, DBMX, QMEX.
Fri, Apr. 10, 9:56 AM
Fri, Apr. 10, 8:16 AM
- Ford (NYSE:F) continues to be one of the major automakers most confident sales will pick up again in Russia.
- The automaker started production on the Mondeo model today at a Vsevolohsk plant in St. Petersburg.
- Ford has plans to launch four models in Russia this year, even with its YTD sales down 71% through March.
- Ford operates in Russia through local partner Sollers.
Thu, Apr. 9, 9:19 AM
- Execs with Alcoa gave an inside look at automobile industry demand trends during the firm's earnings call yesterday.
- The company sees pent-up demand in the U.S. and lower gas prices backing a seasonally adjusted selling rate of over 17M units.
- The average fleet age in the U.S. is still over the historic average and inventories are down, they noted.
- Alcoa CEO Klaus Kleinfeld pointed out that China has about 9M vehicles in the road that don't comply with the Clean Air Act and sees upside for Western Europe.
- Alcoa earnings call transcript
- Related stocks: GM, F, FCAU, TM, HMC, OTCPK:NSANY, OTC:HYMLF, OTCQX:VLKAY.
Wed, Apr. 8, 1:55 PM
- Ford (F +0.7%) reports sales in China rose 1% to 104,842 vehicles in March.
- The company operates through joint ventures in the nation.
- The automaker ended Q1 with sales growth of 9.4% to 296,825 units to top the tally from Hyundai for the first time.
- Changhan Ford Automobiles saw a 12% jump in Q1 sales to 218,487 units,
- Sales grew 5% at Jiangling Motors to 70,782 units.
Mon, Apr. 6, 11:43 AM
- The New York International Auto Show is in full swing with automobile manufacturers introducing new models and refreshing older ones. Five standout introductions are listed below.
- Toyota RAV4 hybrid : The much-anticipated RAV4 hybrid impressed at the New York International Auto Show with a wide variety of technical features and strong fuel economy. The RAV4 hybrid is expected to be a leader in the green small SUV segment for Toyota (NYSE:TM).
- Lincoln Continental: Ford's (NYSE:F) big bet on a rehash of the iconic classic is seen as critical for the future of the Lincoln brand. Engineers didn't skimp on size with the Chinese market in mind. Reviews for the unveiled concept version of the Continental are overwhelmingly favorable.
- Honda Civic: An aggressive move was made by Honda (NYSE:HMC) with an edgier version of the high-volume model. Auto industry watchers call the sportier look a stunner. The Civic has lost U.S. market share over the last year.
- Cadillac CT6: General Motors (NYSE:GM) drew high marks for the design of the large luxury entry. Reviewers were also impressed with the weight of the vehicle despite the size and strong look.
- Aston Martin Vulcan: On the super high-end, the latest James Bond-worthy model from Aston Martin is popping eyeballs. The car tops out with 800+ horsepower (Vulcan teaser video). Daimler (OTCPK:DDAIF) and Ford have minority stakes in the automaker.
- Full coverage of the new releases at the New York International Auto Show
Thu, Apr. 2, 7:04 AM
- Ford (NYSE:F) plans to add capacity in China through its joint venture in the region.
- The automaker will invest 6.6B yuan ($1.08B) to purchase an existing car factory.
- Changan Ford Automobile Co. vehicles could roll out of the plant beginning in the second half of 2016 with capacity estimated at 200K units annually.
- Ford's sales in China are up 14.6% YTD.
Wed, Apr. 1, 9:56 PM
- Ford (NYSE:F) is bringing back the Lincoln Continental nameplate after a 13-year hiatus.
- A concept version of the iconic model has been introduced in advance of the New York Auto Show in preparation for launches in China and the U.S.
- The Continental will fight for luxury sales in a crowded segment that will soon see new premium models from BMW, Mercedes-Benz, and Jaguar.
- Lincoln sales in the U.S. are -0.6% YTD at 21,478 units.
- CNET video on the Continental concept car
- The first look from Lincoln
Wed, Apr. 1, 9:36 AM
- Ford (F -0.9%) says retail demand for the F-Series was strong and tips pent-up commercial demand for the new model is building up.
- Sales growth by brand: Ford -3.4% to 227,234; Lincoln -3.1% to 8,695.
- Sales growth by model: Ford Focus -14.5% to 20,497; Ford Fusion -11.9% to 29,044; Ford C-MAX -22.9% to 1,769; Ford Mustang +36.1% to 12,663; Ford F-Series -4.6% to 67,706; Ford Explorer +17% to 20,765; Ford Transit 9,751 (new); Lincoln Navigator +47% to 1,97; Lincoln MKC (new) 2,070.
- Full Ford sales report (.pdf)
Wed, Apr. 1, 9:27 AM
Wed, Apr. 1, 7:57 AM
- The average transaction price for vehicles in the U.S. rose 3.5% Y/Y in March to $33,280, according to Kelley Blue Book.
- The mark is down 0.1% from the average transaction price seen in February.
- The major automakers with the biggest jump in average prices over the last year were General Motors (NYSE:GM) +5.9% to $37,170 and Hyundai (OTC:HYMLF) +5.9% to $25,333.
- Pricing was also strong at Ford (NYSE:F) with the automaker posting a 4.4% increase to $35,539 during the month,
- SUVs and higher-end pickups accounted for a majority of the pricing gains.
- Volkswagen (OTCQX:VLKAY) was the only major manufacturer with a Y/Y drop in prices.
- Reports on U.S. auto sales for March will be filtering in all day.
Mon, Mar. 30, 7:22 AM
- General Motors (NYSE:GM) and Ford (NYSE:F) have China in mind with premium sedans the automakers are launching this week at the New York International Auto Show.
- The Cadillac CT6 from GM and Ford's Continental will be showcased at the event.
- Both models will be sized larger in order to appeal to consumers in China.
- The CT6 is expected to launch globally later this year, while the Continental will sell in 2016.
Fri, Mar. 27, 12:11 PM
- Ford (F +0.1%) CEO Mark Fields earned $18.6M in total compensation during 2014 after heading the company for the second half of the year.
- Previous CEO Alan Mulally took home $22M in total comp last year after incentive bonuses are factored in.
- Breaking even in Europe and breaking through with the F-150 aluminum model are two of Fields' biggest initiatives to watch.
- SEC Form 14A
Thu, Mar. 26, 3:50 AM
- Ford (NYSE:F) has invested $1B in a new plant in western India that will help it triple its exports from the country.
- Ford is planning to make India an export hub for compact cars such as the EcoSport, and the newly launched compact sedan, Ford Figo Aspire, the first car to be produced at the new facility.
- The plant will also nearly double the company's installed production capacity in the country to 610K engines and 440K vehicles a year.
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