Sat, Feb. 14, 10:53 AM
- The automobile industry was jolted yesterday by reports on Apple developing its own electric vehicle.
- Though the development has the potential to be disruptive for EV automakers, the impact could be even larger for companies betting on fuel cells if the $740B Cupertino giant takes a strong position in the EV vs. hydrogen debate through a partnership or vehicle introduction.
- Shares of Tesla Motors only showed a mild reaction to the Apple reports yesterday during the regular session and AH trading.
- Toyota is the company out in front on FCV development with the Mirai debuting in many markets this year. The automaker audaciously calls the model the "turning point" in automotive history.
- In regard to Apple, by most appearances, Toyota has been slow-playing the integration of Apple's CarPlay into future platforms.
- Related: The electric vs. hydrogen debate just got interesting (Jan. 15 2015)
- Related: Fuel cell development in Japan to gear up before 2020 Olympics (Jan. 20 2015)
- Related: Millennials have the steering wheel now (Jan. 31 2015)
- Related: Apple car project is for real, and it's a minivan (Feb. 13 2015)
- Automobile industy stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, BLDP, KNDI.
Fri, Feb. 13, 1:33 PM
Thu, Feb. 12, 2:48 AM
- Honda (NYSE:HMC) CEO Takanobu Ito, under fire for taking apart the traditional way the carmaker does business, has resisted moves for his ouster and will fight on for another two-year term, sources told Reuters.
- Ito, who took over in 2009, has been cutting costs and obtaining parts and technologies by shaking up Honda's decades-old, tightly-knit supply chain.
- Besides for pressure from long-term local suppliers and former Honda chiefs, the automaker has faced many recent mass recalls over quality issues.
Wed, Feb. 11, 1:09 PM
Thu, Feb. 5, 7:36 AM
- The labor dispute between ship operators and dockworkers on the West Coast has ratcheted up again to threaten the pace of work at 29 ports in Washington, Oregon, and California.
- Observers at the L.A. and Long Beach ports say freighters are at anchor with no open berths due to a planned slowdown in progress.
- Honda (NYSE:HMC) and Subaru (OTCPK:FUJHY) are shipping some parts to the U.S. through air services to avoid the crawl.
- McDonald's (NYSE:MCD) has airlifted 100 tons of french fries to the region to stock restaurants.
- Other companies impacted by the development include Gap (NYSE:GPS), Lululemon (NASDAQ:LULU), Wal-Mart (NYSE:WMT), Kohl's (NYSE:KSS), Macy's (NYSE:M), and J.C. Penney (NYSE:JCP)
- FedEx (NYSE:FDX) and UPS (NYSE:UPS) could see a marginal benefit in some cases from companies facing a parts crunch, observe analysts
- ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, UCC, PMR, UGE, RCD, SZK
Tue, Feb. 3, 7:41 PM
- Automakers turned in an impressive U.S. sales tally for January with majors GM, Ford, Fiat Chrysler Automobiles, Honda, and Toyota all with double-digit sales growth.
- The gains weren't top-heavy as Subaru (+24%), Audi (+14%), Mitsubishi Motors (+33%), and even Porsche (+27%) all big gainers.
- Sales of lights trucks and SUVs rose 19.3% during the month, according to Autodesk.
- Average transaction prices were up 5.2% Y/Y on average, estimates Kelley Blue Book. GM and Ford both benefited on their ATP through a higher mix of SUVs and trucks.
- It wasn't a spectacular month for electric vehicle sales with demand for the Nissan Leaf falling off and the Tesla Model S an insignificant factor in the U.S. total.
- High-level automobile execs attributed the strong demand in part to the $2 gas price level seen across the U.S.
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF.
Tue, Feb. 3, 10:24 AM
- Honda (NYSE:HMC) unit sales +11.5% to 102,184 vs. +12.6% forecast.
- Sales in the Honda division were up 11.6% to 90,202, while Acura sales increased 10.7% to 11,982.
- Sales growth by model: Accord +2.0% to 21,011; Civic -14.3% to 18,699; CR-V +27.3% to 23,211; Acura ILX -14.3% to 992; Acura TLX 2,892 (new).
- Honda's 2015 major model introductions are still rolling out including the redesigned ILX.
Sat, Jan. 31, 10:39 AM
- Automakers need to address the issue of how to sell to millennials, according to data from TrueCar.
- The group is projected to purchase 4.24M vehicles in 2015 to account for close to 25% of the total new car market in the U.S. That's a percentage that will stay on the rise over time.
- A few things to keep in mind about millennials.
- They have an indie spirit that can veer away from dominant brands. Just ask McDonald's or Anheuser-Busch InBev.
- They are early adopters of new technology. Just ask the cable companies.
- They don't take their marching orders from Madison Avenue on what products are on-trend. Just ask Abercrombie & Fitch.
- Millennials are likely to have a lot to say with the critical question on if electric batteries or hydrogen fuel cells (Tesla vs. Toyota) emerge as the dominant alternative energy source for the industry.
- Automaker stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU.
Fri, Jan. 30, 8:19 AM
Fri, Jan. 30, 2:24 AM
- Honda (NYSE:HMC) cut its annual operating profit forecast by 6.5% today, as it faced sluggish sales in Japan and set aside more cash to cover an expanded Takata (OTCPK:TKTDY) air bag recall.
- Third-quarter earnings skidded 22.5% to ¥177.2B from ¥228.57B in the same period a year earlier.
- Meanwhile, the NHTSA has stepped up pressure on Takata, offering legal protection to any whistleblowers with knowledge "of possible defects or any wrongdoing."
Thu, Jan. 29, 5:30 PM
Tue, Jan. 27, 9:47 AM
- U.S. sales for Honda (NYSE:HMC) are expected to increase 11.3% to 102K units in January, according to an estimate from Kelley Blue Book.
- Honda market share -20 bps at 8.9%. (estimated)
- The monthly sales pace should set Honda on the path to eclipse last year's 1% gain in U.S. sales. A new HR-V crossover and updated Pilot could be highlights.
- U.S. new-vehicles sales are projected to increase 12.9% Y/Y to 1.14M units vs. the polar vortex month of a year ago.
Wed, Jan. 21, 1:27 PM
- Honda (HMC +0.6%) says it will stick with 3-year and 4-year auto loans despite the recent trend in the industry to push longer-term loans.
- Last week, execs with the Japanese automaker maintained during interviews at the Detroit Auto Show that rivals are doing stupid things (7-year loans) in order to boost U.S. sales.
- They noted consumers can end up with negative equity on their cars much faster if they opt for a longer-term loan in a development which could crimp demand in the future.
- Experian reported recently that more than 25% of auto loans have terms between 73 and 84 months.
Tue, Jan. 20, 7:30 AM
- Toyota (NYSE:TM) and Honda (NYSE:HMC) plan to produce 6K hydrogen cars and build 35 hydrogen fuel stations in Tokyo ahead of the 2020 Olympics.
- Last week, Prime Minister Shinzo Abe made a strong commitment to fuel cell development with a promise for aggressive subsidies.
- Previously: The electric vs. hydrogen debate just got interesting (Jan. 15 2015)
Fri, Jan. 16, 9:03 AM| Comment!
Thu, Jan. 15, 8:08 AM
- "It’s time to introduce a hydrogen era," said Prime Minister Shinzo Abe in Tokyo as he announced a government initiative to build out a self-service hydrogen network of stations.
- The development comes only two days after Tesla Motors (NASDAQ:TSLA) CEO Elon Musk called hydrogen a "dumb" energy storage system.
- Toyota (NYSE:TM) is the pioneer in the FCV field and is building 1.5K Mirai vehicles for the Japanese government. Though taking a cautious approach to rolling out production, the world's top-selling automaker isn't ruling out selling hydrogen cars in all markets eventually.
- Review: Car and Driver's deep dive into the Toyota Mirai FCV.
- Related: Toyota opens up 5680 patents on fuel-cell technology to other automakers.
- What to watch: Abe has endorsed larger fuel-cell subsidies than those offered for electric vehicles in China, Europe, and the U.S. Will more governments take a side in the hydrogen vs electric battle setting up in the automobile industry?
- Related stocks: F, GM, OTCPK:NSANY, OTCPK:BAMXY, OTCPK:DDAIF, KNDI, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF
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