Dec. 11, 2013, 10:15 AM
- Toyota (TM -0.8%) remains positive on the prospect that falling costs of fuel cell batteries will help it make the segment the future of eco-friendly cars.
- The automaker sees selling 5K-10K units when the FCV Concept goes on sale in 2015.
- In the long-term, Toyota thinks fuel cell vehicles will be competitive on price against zero-emission cars. The automaker targets 2030 as a date mass-production will be in place by.
- What to watch: 2014 could see a ramping up of the rhetoric between Tesla Motors (TSLA -0.5%) and hydrogen fuel cell backers such as Toyota, Hyundai (HYMLF), and Mercedes-Benz (DDAIF). Most automobile industry analysts see the confrontation as really an engineering battle with development too early in the game to accurately predict a winner.
Dec. 11, 2013, 3:44 AM
- GM (GM) intends to follow in Ford's footsteps and halt manufacturing in Australia by 2017.
- GM will take pretax charges of $400-$600M in Q4, while 2,900 workers will lose their jobs.
- "The decision to end manufacturing in Australia reflects the perfect storm of negative influences the automotive industry faces in the country, including the sustained strength of the Australian dollar, high cost of production, small domestic market, and arguably the most competitive and fragmented auto market in the world," outgoing GM CEO Dan Akerson said.
- GM's decision will leave Toyota (TM) as the last major car manufacturer in Australia, although the latter might now also leave. The move will "place unprecedented pressure on the local supplier network and our ability to build cars in Australia," Toyota said.
- The country's car industry is now in serious danger of collapse; it supports over 40,000 workers and 150 supplier companies. (PR)
- Australia ETFs: EWA, AUSE, FAUS
Dec. 10, 2013, 2:27 PM
- Car sales in India for November moved down 8.2% Y/Y as demand in the nation continues to weaken.
- The Society of Indian Automobile Manufacturers doesn't expect a significant turnaround until a new government is in place which can put in measures to support the industry.
- Automakers active in India: Maruti Suzuki (SZKMF), Tata Motors (TTM), Renault (RNSDF), BMW (BAMXY), Volkswagen (VLKAY), Toyota (TM), Hyundai (HYMLF).
Dec. 10, 2013, 2:09 PM
- The dizzying week for General Motors (GM -0.8%) after its announcement of a fresh CEO, global cutbacks (South Korea, Australia, Chevrolet in Europe), and imminent exit by the Treasury Department as an investor gets even more interesting as it reveals one of the biggest goals of all for the company.
- The automaker plans to make a serious push in Indonesia where Japanese automakers (NSANY, TM, HMC, MZDAY, SZKMY, FUJHY) outsell it by a huge margin and its market share is just a shade over 1%.
- In a clever move, GM has been watching what works for rivals in Indonesia before deciding which segment to jump into and who to partner with in the country of 247M people.
Dec. 10, 2013, 7:11 AM| 1 Comment
Dec. 5, 2013, 7:23 AM| Comment!
Dec. 3, 2013, 2:29 PM
- Toyota (TM) reports a late-month rush of sales helped it blast past the estimates of analysts for November. During the Thanksgiving weekend, sales rose 35% Y/Y.
- The Toyota division saw sales increase 9.7% to 152,433 - while sales at Lexus rose 12.7% to 25,611.
- Sales by model: Camry +5.6% to 30,386; Corolla -4.6% to 22,434; Prius -6% to 16,129; Highlander +17.2% to 11,544; Tundra +20.5% to 10,010.
Dec. 3, 2013, 12:48 PM| Comment!
Dec. 2, 2013, 11:38 AM
- Japanese automakers (NSANY, TM, HMC, MZDAY, SZKMY, FUJHY) appear to be largely unaffected by the ratcheting up of rhetoric by politicians in Beijing and Tokyo over an island territory dispute.
- The group delivered 89,800 vehicles to China in November to mark a 41% Y/Y increase.
- Related: Dangerous game of chicken playing out in Chinese airspace
Dec. 2, 2013, 9:23 AM
- Automakers are walking a tightrope between accounting for strong demand in the U.S. and keeping inventory at levels where they don't have to use painful incentives to clear dealer lots.
- The industry entered November with inventory of 3.4M cars which at 76 days' supply reps the highest level for the month since 2005.
- What to watch: Analysts like the approach of Ford which has scheduled periods of downtime at select plants to keep inventory at optimal levels.
- November U.S. Auto Sales preview
- Related stocks: F, GM, TM, VLKAY, NSANY, HMC, FIATY, HYMLF, DDAIF, BAMXY, TSLA.
Nov. 29, 2013, 7:00 AM
- Toyota (TM) and Honda (HMC) have ramped up domestic output to keep up with demand in China, the U.S., and their home turf.
- The last batch of data shows Toyota increased production by 9.4% to 289,961 vehicles and Honda's production increase was 13% to 90,707.
- Domestic vehicle sales in Japan rose at a double-digit pace last month as comparables start to hit against similar periods following the end of tax subsidies in the nation.
Nov. 27, 2013, 2:26 AM
- The U.S. has involved itself in the latest flare up of the islands dispute between Japan and China in the East China Sea by flying two unarmed B-52 bombers in the area without informing Beijing.
- The U.S. moves comes after China included the islands - known as Senkaku in Japan and Diaoyu in China - in an Air Defense Identification Zone, and warned that it would take military action against airplanes flying in the region without notification.
- Meanwhile, Japanese airlines have also defied Beijing and flown through the area without providing China with flight plans.
- At stake in the row are fishing rights and access to up to 160B barrels of oil.
- When the dispute first flared up a year ago, trade between China and Japan was badly hit, with the latter's car makers suffering in particular.
- Japanese car makers: TM, HMC, NSANY, MZDAY, SZKMY.
- China ETFs: FXI, GXC, PGJ, FXP, YINN, YANG, MCHI, PEK, XPP, YAO, ASHR, CHXF, YXI, FCA, TCHI, CHNA
- Japan ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, SCJ, YCL, JSC, JGBL, JPP, ITF, DXJS, JGBT, JPNL, JPNS, FJP
Nov. 25, 2013, 10:48 AM
- The attention of the automobile industry shifts this week from the L.A. Auto Show to the Tokyo Motor Show with hydrogen fuel cell technology expected to be a major focus.
- Japanese automakers (NSANY, TM, HMC, MZDAY, SZKMY, FUJHY) will get to strut their stuff on their home turf and justify their lofty global sales targets.
- A weaker yen and major production increases in North America make a compelling case that shares of the group might be as attractive as their Detroit counterparts (F, GM, FIATY).
Nov. 23, 2013, 11:45 AM
- The L.A. Auto Show hit full stride with global automakers tipping off plans to ramp up production and designs to take advantage of the North American demand boom.
- Honda (HMC), Toyota (TM), and Hyundai (HYMLF) pounded home the commitment they will make to hydrogen fuel cells. This is no flux capacitor chatter. All three plan to invest to have fuel cell models on the U.S. market within two years, although details on charging station infrastructure are sketchy.
- General Motors (GM) was the talk of the town as the Chevy Colorado truck impressed analysts mightily and looks set to give challengers from Nissan and Toyota a run for their money.
- BMW (BAMXY), Porsche (VLKAY, POAHF), and Mercedes-Benz (DDAIF) all have big plans for the luxury market, while Kia enters the segment as a darkhorse with the K900. Kia?
- On the zero-emission front, Honda was full of swagger by landing a major green award for the new hybrid Honda Accord on gaudy fuel economy ratings.
- Automakers to watch: Subaru (FUJHY) and Chrysler (FIATY) look well-positioned for 2014 market share gains. Tesla (TSLA) CEO Elon Musk is off monitoring his latest Space X rocket, while the Tesla debate gets even livelier on SA.
Nov. 20, 2013, 1:32 PM
- Toyota (TM +0.1%) says it will refresh the Camry model next year to stay competitive with new offerings from Ford and Honda which could give the 12-time best-selling U.S. car a nice little run for its money.
- The automaker's executives weren't offering any specifics during interviews at the Los Angeles Auto Show, but promised "significant" attention to the mid-size juggernaut.
Nov. 19, 2013, 2:49 AM
- European car sales rose for a second month in a row in October, climbing 4.6% on year to 1.04M registrations after a 5.5% gain in September.
- However, registrations fell 3.1% in January-October, strengthening the likelihood that the market will fall for a sixth consecutive year in 2013.
- The Spanish car market jumped 34.4%, while most other markets grew moderately, although Italy fell 5.6%.
- Toyota (TM) +16.5%, Renault (RNSDF) +14%, Volkswagen (VLKAF) +5.7%, General Motors (GM) +6.2%, Daimler's (DDAIF) Mercedes-Benz +8.5%, and BMW (BAMXF) +0.3%.
- However, Fiat (FIATY) -7.3%, Honda (HMC) -6.4%, Peugeot (PEUGF) -0.7% and Ford (F) -0.2%. (PR)
TM vs. ETF Alternatives
Toyota Motor Corp designs, manufactures and sells sedans, minivans, compact cars, sport-utility vehicles, trucks and related parts and accessories. The Company also provides financing, vehicle and equipment leasing & certain other financial services.
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