Yesterday, 2:58 PM
- A lack of available frames for Ford's (F -0.7%) F-150 is holding back production amid "sky-high" demand, according to workers and UAW officials.
- The automaker has canceled planned overtime shifts at two plants due to the shortfall.
- F-Series sales are -0.9% YTD at 62,287 units with F-150 production still not at full throttle.
Wed, May 27, 9:51 AM
- Ford (F +0.5%) announces two new safety recalls in North America due to potential problems with electric power steering.
- 422,814 vehicles are included in the recalls.
- The first recall covers 2011-2013 Ford Taurus and Flex vehicles, Lincoln MKS, and MKT vehicles.
- The second action is for 2011-2012 Ford Fusion and Lincoln MKZ vehicles, and for some Mercury Milan cars.
- The automaker will either replace steering gear components or issue a software update to address the issues.
Wed, May 27, 6:56 AM
- Kelley Blue Book forecasts U.S. automobile sales will fall 1% Y/Y to 17.3M units in May.
- Fiat Chrysler Automobiles (NYSE:FCAU) is expected to see sales growth of 2.9% to 200K units, while Ford (NYSE:F), General Motors (NYSE:GM), and Toyota (NYSE:TM) are seen dropping back during the month.
- KBB sees growth in the mid-size SUV/crossover segment offset by sliding demand for mid-size cars and compacts.
Tue, May 26, 10:47 AM| 10 Comments
Thu, May 21, 2:48 PM
- Ford (F +1.3%) has made some minor production cuts in China as it reacts to local demand, according to the company's top exec in Asia.
- Specific details on the lowered output weren't disclosed.
- Detroit and German automakers have lowered some prices in China over the last few months with domestic automakers starting to take more market share.
- Previously: Auto sales growth in China slows to 26-month low (May 11)
Thu, May 21, 9:30 AM
- Alongside Goldman's list of 50 stocks appearing most as top holdings at hedge funds is its list of the 50 top shorts.
- New additions this quarter: Baxter Intl (NYSE:BAX), UPS, Marriott (NASDAQ:MAR), NextEra (NYSE:NEE), Ford (NYSE:F), National Oilwell Varco (NYSE:NOV), McDonald's (NYSE:MCD), M&T Bank (NYSE:MTB), CenturyLink (NYSE:CTL), Amgen (NASDAQ:AMGN), Pioneer Natural (NYSE:PXD), Duke Energy (NYSE:DUK), Seagate (NASDAQ:STX), AbbVie (NYSE:ABBV), Cisco (NASDAQ:CSCO).
- The full list (in order of $ value of short interest): AT&T (NYSE:T), Disney (NYSE:DIS), IBM, Verizon (NYSE:VZ), Intel (NASDAQ:INTC), Kinder Morgan (NYSE:KMI), Exxon (NYSE:XOM), Pfizer (NYSE:PFE), J&J (NYSE:JNJ), Deere (NYSE:DE), Caterpillar (NYSE:CAT), Exelon (NYSE:EXC), GE, Boeing (NYSE:BA), Halliburton (NYSE:HAL), Fox (NASDAQ:FOXA), Comcast (NASDAQ:CMCSA), UTX, Regeneron (NASDAQ:REGN), Merck (NYSE:MRK), salesforce.com (NYSE:CRM), AbbVie (ABBV), Conoco (NYSE:COP), Wal-Mart (NYSE:WMT), Eli Lilly (NYSE:LLY), Celgene (NASDAQ:CELG), Schlumberger (NYSE:SLB), AutoZone (NYSE:AZO), Wells Fargo (NYSE:WFC), Emerson (NYSE:EMR), McDonald's (MCD), Reynolds (NYSE:RAI), Target (NYSE:TGT), Accenture (NYSE:ACN), Coca-Cola (NYSE:KO).
Tue, May 19, 7:23 AM
- Ford (NYSE:F) European car registrations +2.3% to 86,234 units in April, according to the European Automobile Manufacturers Association.
- Overall EU registrations +6.9% Y/Y in April, led by a strong month in Germany, the U.K., and Italy. YTD registrations +8.2%.
- Ford market share: 7.1% vs. 7.4% a year ago.
- Ford YTD registrations +6.0%..
- EAMA release (.pdf)
Tue, May 12, 11:06 AM| 24 Comments
Sat, May 9, 10:55 AM
- Toyota (NYSE:TM) and Mazda (OTCPK:MZDAY) are discussing expanding their existing partnership into fuel cell development, according to Reuters.
- Mazda was toying with building its own fuel cell vehicle before deciding to team up with Toyota.
- Toyota is a leader in the burgeoning hydrogen FCV industry and is sharing some of its patents for free in an effort to see infrastructure build-out expand in key nations.
- Battle lines are still being drawn over the direction of next-gen vehicles with Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) and Hyundai (OTC:HYMLF) more heavily exploring hydrogen fuel cells - while the Detroit Big Three (GM, F, FCAU) and Tesla Motors (NASDAQ:TSLA) have a sharper focus on battery-powered electric vehicles.
- German automakers (OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY) are seen hedging their bets a bit with the group supporting efforts to build out a hydrogen charging network in Germany and selling electric vehicle (PHEV, BEV, hybrids) models at the same time.
- Some analysts think politicians may have the final say. The 2016 U.S. presidential election and the success of Japanese Prime Minister Shinzo Abe are key factors.
- Previously: Millennials have the steering wheel now (Jan. 31)
- Previously: Academic study sees future for clean and cheap hydrogen fuel (April 6)
- Previously: Toyota Mirai coming to U.S. in October (May 6)
- Previously: 500K the talk in electric vehicle industry (May 8)
Fri, May 8, 2:03 PM| 37 Comments
Thu, May 7, 8:17 AM| Comment!
Thu, May 7, 4:28 AM
- General Motors (NYSE:GM) reports sales in China fell 0.4% to 258,484 vehicles during April.
- Demand for the Buick and Chevrolet brands wavered during the month.
- China sales for Ford (NYSE:F) in April were flat at 96,889 units.
- Foreign automakers face more pressure in China from domestic sellers, leading to some concerns in the industry on pricing moving forward.
Fri, May 1, 9:34 AM
- Ford (NYSE:F) posted a strong +60K number for the F-Series in April even with a Kansas City assembly plant not yet fully up to capacity.
- Total retail sales were up 7% Y/Y, while fleet sales gained 1%.
- Sales growth by brand: Ford +4.9% to 214,364; Lincoln +19.6% to 8,134.
- Sales growth by model: Ford Focus -5.3% to 71,094; Ford Fusion -5.6% to 24,954; Ford C-MAX -15.2% to 1,790; Ford Mustang +81.5% to 13,144; Ford F-Series -0.9% to 62,827; Ford Explorer -0.3% to 16,585; Ford Transit 10,913 (new); Lincoln MKZ -4.6% to 2,915; Lincoln MKC (new) 1,866.
- Van sales were up 16% Y/Y to 19,575 units.
- Full Ford sales report
- Previously: Ford April U.S. sales: +5.4%
Fri, May 1, 9:23 AM
Fri, May 1, 6:45 AM
- New car prices rose 2.6% Y/Y and 0.6% M/M during April in the U.S., according to Kelley Blue Book.
- The biggest year-over-year gain in pricing was seen by Hyundia (OTC:HYMLF) at 4.7%.
- Fiat Chrysler Automobiles (NYSE:FCAU) and Ford (NYSE:F) both saw a 3.3% increase on a higher sales mix of SUVs and larger pickup trucks.
- Volkswagen (OTCQX:VLKAY) was the only major automaker to see a drop in prices over the last year with a 0.9% slip.
Thu, Apr. 30, 11:08 AM
- A 25-page thesis from Fiat Chrysler Automobiles titled "Confessions of Capital Junkie" presents the case that automakers need to consider consolidating through mergers.
- The automobile industry is set up for failure unless costs from R&D and regulatory changes can be shared on a larger scale, according to the company.
- "Capital consumption rate by OEMs is unacceptable—it is duplicative, does not deliver real value to consumers and is pure economic waste," reads the presentation.
- There's even a slide with a quote from Alice in Wonderland to hammer home the automaker's main points on the need for M&A.
- Today, Ford CEO Mark Fields told CNBC the company isn't looking for a merger within the auto space. Similar comments have been made by execs with General Motors, Nissan, and Toyota in the recent past.
- FCA's industry analysis (.pdf)
- 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.
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