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Volkswagen A G Spons

5/26/2013, 4:05 AM ET

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Friday, May 24, 12:43 PM Volkswagen (VLKAY.PK) could see a production halt in South Africa with the main automobile workers union in the nation threatening to tell members to stop working due to the dismissal of members. Ford had its own answer to high labors costs in Australia with a mass exit and a plan to import. Comment! [Consumer, Global & FX]
Friday, May 24, 7:06 AM May is an important month for the automobile industry after the last three years saw a post-Q1 dip in sales. Industry forecasts are for May volume to top 1.4M units, which would mark a 9% Y/Y improvement. If May comes in strong, annual forecasts are likely to be raised as the threat of another late spring swoon is lifted. What to watch: A pickup in housing could help lift sales of full-sized pickups, while the average selling price for automakers (GM, F, FIATY.PK, NSANY.OB, TM, HMC, VLKAY.PK) should look strong as they take their foot off the promotional pedal. Comment! [Consumer]
Tuesday, May 21, 8:27 AM Strengthening rumors of a steep 20% consumption tax on luxury cars in China could create a ripple in the automobile industry with expectations high for the segment and productions plans ramping up. On watch: Lincoln (F), Cadillac (GM), Mercedes-Benz (DDAIF.PK), Audi (VLKAY.PK), Tata Motors (TTM), and Porsche ((POAHY.PK). 21 Comments [Consumer]
Monday, May 20, 1:06 PM LMC Automotive thinks demand for automobiles in China will return to a double-digit pace next year and stay stable for the four to five years. It's a common enough forecast in the industry with IHS Automotive going so far as to say there is "no chance" for a negative growth environment in China due to the less than 7% of the population that owns a car. Rough forward-looking China capacity counts: General Motors (GM +1.4%) 5M vehicles a year; Hyundai and Kia (HYMLF.PK) combined 1.8M; Ford (F +0.4%) 1.2M by 2015; Volkswagen (VLKAY.PK) 4M by 2018. Comment! [Consumer]
Monday, May 20, 8:38 AM Hyundai (HYMLF.PK) and Kia (KIMTF.PK) continue to lose market share in South Korea to foreign brands as sharply lower tariffs make exports cheaper for local buyers. Foreign automakers now account for 41% of the market, up from 28% just two years ago. The trend is most pronounced in the luxury market where BMW (BAMXY.PK), Audi (VLKAY.PK), and Mercedes-Benz (DDAIF.PK) are all picking up market share steadily. Comment! [Consumer, Global & FX]
Friday, May 17, 11:05 AM A nice little jump in consumer sentiment bodes well for automobile companies, according to CNBC's Phil LeBeau. The outlook for the industry looks extremely good with fresh models from automakers (F, GM, TM, FIATY.PK, HMC, NSANY.OB, VLKAY.PK) coinciding with structural pent-up demand and the uptick in sentiment. 4 Comments [Consumer]
Friday, May 17, 10:10 AM China says it will encourage investment in vehicle manufacturing in the western part of the nation to reverse a prior decision on the issue. General Motors (GM +2.5%) and Volkswagen (VLKAY.PK) could benefit from the development due to their aggressive expansion plans in the region. Comment! [Consumer, Global & FX]
Friday, May 17, 7:12 AM More on European car sales (previous): The 18-month losing streak for sales on the continent is over as Daimler (DDAIF.PK) and Volkswagen (VLKAY.PK) show double-digit growth with both putting in strong months in the U.K. and solid showings in Germany. Of the Japanese automakers, Nissan (NSANY.OB) made the most forward progress. 2 Comments [Consumer, Global & FX]
Wednesday, May 15, 1:31 PM Volkswagen (VLKAY.PK) will invest 12B yuan ($1.95B) in a plant in central China to be built with local partner SAIC Motor. The facility will have an annual output of 300K. Comment! [Consumer, Global & FX]
Tuesday, May 14, 7:04 AM General Motors (GM) won't chase "volume at all costs" with its Cadillac brand, according to CFO Dan Ammann. While German automakers (DDAIF.PK, BAMXY.PK, VLKAY.PK) start to chase each other in every luxury segment, GM will pick and choose where Cadillac competes. YTD U.S. sales: Mercedes-Benz 98,511; BMW 88,127; Lexus 74,831; Cadillac 55,942; Audi 47,343. 2 Comments [Consumer, Global & FX]
Thursday, May 9, 12:39 PM Explosive growth in China's SUV market has automakers scrambling to bring more models to the market to take advantage of the cozy margins offered by the category. What to watch: General Motors (GM -1%), Ford (F), and Chrysler (FIATY.PK) could see the biggest benefit from the hot Chinese SUV market with the automakers already ramping up production while German counterparts Mercedes-Benz (DDAIF.PK), BMW (BAMXY.PK), and Audi (VLKAY.PK) are stuck in a lower gear. 3 Comments [Consumer, Global & FX]
Friday, May 3, 1:09 PM A massive plant in Mexico that Volkswagen (VLKAY.PK) is building for production of Audi SUVs is an effort by the automaker to catch up to German peers BMW (BAMXY.PK) and Daimler (DDAIF.PK). The use of the U.S. dollar to pay suppliers to the plant could also help it avoid currency swings with many of vehicles heading north to the U.S. April U.S. sales tally: BMW 29,011 units, Daimler 26,157 units, Audi 13,157 units. Comment! [Global & FX, Consumer]
Wednesday, May 1, 10:38 AM Volkswagen (VLKAY.PK) April U.S. sales: -10.3% to 37,525 vehicles as the automaker loses traction in the U.S. a bit further. Total Jetta sales declined 16.5% to 13,078 units, while Passat sales fell 10.2% to 9,069 units. Comment! [Consumer, Global & FX]
Wednesday, May 1, 7:46 AM Auto sales are being driven higher by a recovery in the housing market and the wealth effect of a percolating stock market just as much (if not more) than pent-up demand, according to analysts. The average age of vehicles on the road has actually increased to 11.2 years from 10.8 years, giving some indication that perhaps "hundreds of thousands" of units need to be replaced. What to watch: All the major automakers report April U.S. sales numbers today with expectations running high that milder weather and new models on the market boosted sales. 13 Comments [Consumer]
Wednesday, April 24, 6:56 AM Volkswagen (VLKAY.PK) reports revenue fell 1.6% Y/Y in Q1 to €46.57B ($75.23B) as soft demand in Europe continues to take its toll. The automaker did deliver more vehicles as a change in its model portfolio impacted results. Full-year revenue and profit guidance is reaffirmed. Comment! [Global & FX, Consumer]
Monday, April 22, 2:19 PM The fight for China: The Shanghai Automobile Show isn't lacking for new models with close to 1.3K vehicles being showcased in the nation which has become the world's largest automobile market. Gaining an early edge in the nation is critical because the average age of a car buyer is only 35 - compared to closer to 55 in the U.S. - meaning early winners could parlay their brand success for decades. (Previous: GM and Ford bring back old models for China) Comment! [Consumer, Global & FX]

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