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.
Wed, Mar. 25, 9:47 AM
- U.S. sales for Ford (NYSE:F) will decline 5.5% Y/Y to 230K in March, according to an estimate from TrueCar.com.
- Ford's market share is forecast to be 15.1% vs. 14.3% in February and 15.8% a year ago in March.
- Incentive spending by Ford -14.3% Y/Y and +3.9% M/M to $2,864 per unit vs. the industry average of -1.3% Y/Y and +0.4% M/M.
- Total U.S. new vehicles sales are expected to fall 0.8% Y/Y during March to 1.5247M
Wed, Mar. 25, 9:19 AM
- Ford (NYSE:F) issues three recall actions in the U.S.
- Recall #1: 213K Ford Explorer and Ford Police Intercept vehicles from the model years 2011 to 2013 are recalled over a interior door handle issue.
- Recall #2: The automaker recalls 1,725 Lincoln MKT limo and hearse vehicles from the model years 2013-2015 over a vacuum pump problem.
- Recall #3: An exhaust gas sensor issue is the prompt for a recall for 6,472 various Ford F-Series ambulances.
- Shares of Ford are level in premarket trading.
Fri, Mar. 20, 11:10 AM
- A self-driving car from Tesla Motors (NASDAQ:TSLA) would be considered legal in 45 states at the moment, according to analysis from Wired.
- That 90% ratio is expected to change.
- The self-driving issue is likely to be teed up politicians and regulators over the next year as Tesla's new software update pushes up the timetable on the autonomous car concept.
- In Germany, for example, an explicit ban exists on autonomous driving.
- Another riveting puzzle: How does the software code get tested?
- There's also the question of what the insurance industry will have to say about the burgeoning technology and how much advanced sensor components will cost.
- Automobile experts think some functions such as self-parking, car retrieval features, and collision prevention technology will be approved federally and locally - while the full Muskonian dream may be a reach.
- BMW (OTCPK:BAMXY), Google (NASDAQ:GOOG), Audi (OTCQX:VLKAY), Mercedes-Benz (OTCPK:DDAIF), and Nissan (OTCPK:NSANY) are the other companies/brands out in front with self-driving car development.
- The Detroit Three (GM, F, FCAU) are mainly just kicking the tires on the concept.
- Previously: Tesla Motors talks range and self-driving features (Mar. 19 2015)
Tue, Mar. 17, 7:55 AM
- Ford (NYSE:F) car registrations +6.8% to 62,445 units in February, according to the European Automobile Manufacturers Association.
- Overall EU registrations +7.3% Y/Y in February, led by double-digit growth in Spain, Italy, and the U.K. YTD registrations +7.0%.
- Ford market share: 6.5% vs. 6.5% a year ago.
- Ford YTD registrations +5.8%.
- EAMA release (.pdf)
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