|Bid||133,000.00 x 0|
|Ask||134,000.00 x 0|
|Day's Range||132,000.00 - 134,500.00|
|52 Week Range||92,500.00 - 143,500.00|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 22, 2019|
|Forward Dividend & Yield||4,000.00 (3.01%)|
|1y Target Est||138,692.00|
The big carmakers had mixed sales results in June, with the market showing continued demand for light trucks and SUVs, but declines in sales of passenger cars. The nameplates that have made a push into ...
Major automakers on Tuesday posted mixed U.S. sales results for June and the second quarter, with demand still fairly strong for SUVs and pickup trucks while passenger car sales continued a long-running decline. In the pickup truck segment, Fiat Chrysler Automobiles NV's (FCA) Ram outsold General Motors Co's Chevrolet Silverado in the second quarter. The Silverado has long held second place behind Ford Motor Co's F-Series pickup trucks, with Ram often a distant third.
In the pickup truck segment, Fiat Chrysler Automobiles NV's (FCA) Ram outsold General Motors Co's Chevrolet Silverado in the second quarter. The Silverado has long held second place behind Ford Motor Co's F-Series pickup trucks, with Ram often a distant third.
In the pickup truck segment, Fiat Chrysler Automobiles NV's (FCA) Ram pickup outsold General Motors Co's Chevrolet Silverado in the second quarter. The Silverado has long held second place behind Ford Motor Co's F-Series pickup trucks, with Ram often a distant third.
(Bloomberg) -- Stock markets in Asia surged in a relief rally Monday after the world’s largest economies declared a truce in their trade war. The sector that just won the biggest reprieve is tech stocks.President Donald Trump’s decision to allow U.S. corporations to resume sales to Huawei Technologies Co., China’s largest telecommunications-equipment maker, and plans to hold off imposing an additional $300 billion in tariffs made tech stocks the best performers in Asia Monday. The MSCI Asia Pacific Infotech Index soared as much as 2%, while the regional benchmark climbed 0.9%.Trump and Xi Call Time (For Now) on Trade War: Balance of PowerShares of chipmakers -- among the biggest contributors to the MSCI Asia Pacific Index -- have been embroiled in the U.S. and China trade conflict for more than a year. Trump’s move to cut off supplies to Huawei in May added to the sector’s wall of worry. Volatility has soared by about 300% since its low just before the trade spat escalated.These Asia Stocks May Benefit From Halt to Huawei Ban, Citi Says“The lifting of a ban on the sale of technology to Chinese companies was a step beyond expectations and the market reaction come Monday will likely be positive,” said Kerry Craig, global market strategist at JPMorgan Asset Management, by email.Samsung Electronics Co. -- the world’s biggest chipmaker -- erased early gains and fell 0.9% after Japan said the exporters of chip materials to South Korea will have to apply for individual approvals from July 4, citing a worsening bilateral trust relationship. SK Hynix Inc., a supplier to both Huawei and U.S. companies, stayed buoyant.On the flipside, Huawei’s limited supply of imported chips that had helped boost China’s domestic producers amid Trump’s blacklist may be negatively impacted. Watch Unigroup Guoxin, Ingenic Semiconductor, Wuhan P&S Information Technology, Hangzhou Silan Microelectronics and Konfoong Material.“The most fragile part of the tech sector in our view remains semiconductor names, due to the uncertainty surrounding Huawei and the entity list combined with persistent price decline in memory chips,” said Frank Benzimra, head of Asia equity strategy at Societe Generale SA.PC, Phone SuppliersTrump’s decision to hold off on an additional levies will be good for suppliers of personal computers and smartphones.“We expect the market to react positively as the next batch of tariffs impacting PCs and smartphones now will not be imposed,” Citigroup analyst Arthur Lai said in a June 30 report. Lai pointed to companies that are “fast and flexible enough to adapt to operating environment changes” like Taiwan’s Delta Electronics, Micro-Star International, Inventec and Wistron.Here are some other sectors to watch:China StocksChina investors can finally turn their focus elsewhere after the Trump-Xi meeting showed some progress on trade. Fund managers weren’t expecting much as the two leaders met Saturday at the Group of 20 summit in Japan. An agreement to resume negotiations will be welcomed by investors.Chinese video surveillance giants could rally -- Hangzhou Hikvision Digital Technology Co. and Zhejiang Dahua Technology Co. -- after the U.S. and China agreed to resume negotiations. In May, the U.S. administration considered barring both companies from purchasing U.S. technology.The DMZ MeetTrump’s brief crossing of the North Korean border in the Demilitarized Zone and an agreement to restart stalled nuclear talks in a historic meeting with Kim Jong Un may also move defense-related stocks:South Korea’s so-called ‘‘peace stocks’’: Hyundai Rotem rose 5.9%, Hyundai Elevator climbed 8.5%, Namhae Chemical gained 3.7%, Hyundai Engineering climbed 2.6%, HDC Hyundai Development advanced 0.6%Japan: Ishikawa Seisakusho, Howa Machinery, Hosoya Pyro-Engineering, Mitsubishi Heavy IndustriesJapanWatch auto stocks as Japan and the U.S. agreed to speed up trade talks after Trump threatened to raise auto tariffs on Tokyo. The U.S. is Japan’s largest export market after China and its biggest car customer. Companies to keep an eye on include: Toyota Motor, Honda Motor, Nissan Motor, Isuzu, Hino and Subaru.As disputes over wording on climate change and trade became a focus at the G-20, a Japanese stock that could bear the brunt of any issues on this front is Hitachi Zosen. There are more than 370 waste-to-power plants operating in Japan, according to the environment ministry’s Kurisu. Japanese companies including Hitachi are producing and exporting the facilities.South KoreaPresident Moon Jae-in’s meeting with Trump on Sunday could also give Korea’s stocks a jolt Monday:Auto stocks and their suppliers: Kia Motors, Hyundai Motor, SL Corp., Hyundai Wia, Mando Corp and Hankook TireKorean steel: PoscoSoutheast AsiaVietnam’s recent fame as a big winner of the U.S.-China trade war, putting itself in Trump’s crosshairs, may lead to some moves in the nation’s stock market: Kinh Bac City, Gemadept, Thanh Cong Textile, Vietnam National Textile & Garment Group, FPT Corp., Mobile World.SkepticismWith no real trade deal in place, some aren’t convinced the relief rally expected on Monday will last.“The reprieve may be short-lived and there is still no guarantee that a deal can be reached or even that any deal would completely address all of the differences that have driven investor anxieties, particularly when it comes to technology and the enforcement of a possible deal,” JPMorgan’s Craig said.(Updates throughout with Monday's market moves.)\--With assistance from Naoto Hosoda, Kurt Schussler, Min Jeong Lee, Nguyen Kieu Giang and Cormac Mullen.To contact Bloomberg News staff for this story: Jackie Edwards in Sydney at firstname.lastname@example.org;Abhishek Vishnoi in Singapore at email@example.com;Amanda Wang in Shanghai at firstname.lastname@example.org;Heejin Kim in Seoul at email@example.comTo contact the editors responsible for this story: Divya Balji at firstname.lastname@example.org, Joanna OssingerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- New-car owners are indicating more problems with the very technology meant to help them better navigate the roads.Advanced driver assistance systems have become more widespread but are growing increasingly complex and troublesome for car owners, J.D. Power found in an annual survey on the first 90 days of car ownership. The newfangled systems befuddling car buyers include lane departure warning, blind spot detection, collision avoidance systems and other safety-minded innovations.“Consumers are sometimes confused as to whether they’re on or not -- or confused about how to set them,” Dave Sargent, vice president of global automotive research at J.D. Power, said of the systems.J.D. Power, a market research unit of London-based XIO Group, expects those complaints to recede as consumers become more familiar with the technology. “We don’t want to raise a big safety flag because, for the most part, it’s not that the systems aren’t doing what they’re supposed to do,” Sargent said.The industry average stayed flat in this year’s Initial Quality Study at 93 problems per 100 vehicles, which marks the first year of zero improvement since 2014. More brands declined than improved over the past 12 months, with 18 worsening and 13 moving up.In addition to issues with new technology, J.D. Power said an uptick in traditional problems is also to blame for the lack of improvement -- including brake and suspension noises, engines not starting, early “check engine” signs and paint imperfections.Korean auto conglomerate Hyundai Motor Group’s Genesis, Kia and Hyundai brands rank above the rest in terms of initial quality. The trio snagged the top three spots, in that order, for a second year in a row.“They have become very adept at understanding what American consumers want and what they don’t want and delivering just enough,” Sargent said of Hyundai Motor Group. The Korean automaker tends to outfit its vehicles with bare bones technology, whereas European automakers “are stuffing their vehicles full of technology, which people want and find appealing, but with that comes the possibility of having some problems,” he said.All 10 European brands ranked below the industry average this year.Several Detroit brands fared better than Japanese peers as Ford Motor Co.’s Lincoln and Ford nameplates placed together in the top five for the first time ever, and Fiat Chrysler Automobiles NV’s Dodge secured its highest ranking ever, at No. 8. General Motors Co.’s Chevrolet and Buick also placed above average.Japanese automaker Toyota Motor Corp. is doing well relative to last year, Sargent said, but still isn’t performing as well as it did 15 years ago. Smaller rival Honda Motor Co. fared below average. The namesake brands of Tata Motors Ltd.’s Jaguar Land Rover unit ranked last among those surveyed, as they did last year.To contact the reporters on this story: Kyle Lahucik in Southfield at email@example.com;Keith Naughton in Southfield, Michigan at firstname.lastname@example.orgTo contact the editors responsible for this story: Craig Trudell at email@example.com, Chester Dawson, Kevin MillerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Hyundai Motor Co said on Thursday it would invest in self-driving car software startup Aurora along with Kia Motors Corp to speed up development of autonomous vehicle technologies. "With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia's autonomous vehicles," Hyundai said.
(Bloomberg) -- Aurora Innovation Inc., the self-driving technology startup known for its dream-team founders, said Wednesday that Hyundai Motor Group is part of a more than $600 million fundraising round, along with Baillie Gifford & Co., the top outside investor in Tesla Inc.The startup did not disclose the size of the investments by Hyundai and Baillie Gifford, but they are in addition to the $530 million in financing for its Series B round announced in February. Aurora raised $90 million in its Series A round last year, bringing the total financing to more than $700 million.Aurora already counted Hyundai Group units Hyundai Motor Co. and Kia Motors Corp. among its development partners, but the investment represents a deepening of those ties, which Hyundai said in a statement will “expand research to a wide range of vehicles.”James Anderson, a Baillie Gifford partner, said the U.K.-based asset manager knows and likes Aurora Chief Executive Officer Chris Urmson “and we think this is such an important but difficult area that we want fairly broad exposure.”This is the latest in a series of developments in recent days between Aurora and major automakers. Aurora and Fiat Chrysler Automobiles NV said on June 10 they will join forces on driverless commercial vehicles in the U.S. market. A day later, Volkswagen AG said it had ended a partnership with Aurora in favor of collaborating on self-driving with Ford Motor Co.Other Series B investors include Sequoia Capital Operations, Amazon.com Inc. and T. Rowe Price Group Inc. Aurora has put some of that money to use recently by acquiring Blackmore Sensors & Analytics, a lidar startup based in Bozeman, Montana.Youngcho Chi, the Hyundai Group’s chief innovation officer, said the initiative with Aurora is part of the company’s efforts to commercialize autonomous models. “Working closely with industry leaders around the world will help us develop fully self-driving vehicles that are safe and innovative for our customers,” he said in a statement.(Adds comment from Baillie Gifford in fourth paragraph.)\--With assistance from Ed Hammond.To contact the reporter on this story: Dana Hull in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Chester Dawson at email@example.com, Melinda GrenierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
"With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia's autonomous vehicles," Hyundai said. Aurora said in a blog post that Hyundai and Kia's investment is part of a series B financing round, which has now raised more than $600 million.
Global auto and parts manufacturers scrambled on Friday to make contingency plans and look at ways of speeding some deliveries after U.S. President Donald Trump threatened new tariffs on all Mexican imports starting early next month. Companies based in North America, Asia and Europe were holding conference calls and meetings to explore if they could move up certain shipments of parts and vehicles to mitigate tariffs on Mexican goods, auto executives and trade group officials said. Trump said on Twitter the tariffs were aimed at Mexico's insufficient response to migrants crossing the border illegally.
Shares of major Asian automakers and suppliers tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico from next month, potentially upending a decades-old business model of global manufacturers. Railing against a surge of illegal immigrants across the United States' southern border, Trump said he would hit all goods coming from Mexico with a 5% tariff, and would increase that each month until reaching 25% on Oct. 1, unless Mexico takes immediate action. For years carmakers have built vehicles in Mexico, taking advantage of its cheap labour, trade deals and proximity to the United States, the world's largest auto market after China.
India's antitrust regulator is looking into allegations that Maruti Suzuki, the country's biggest car maker, resorted to anti-competitive practices by controlling how its dealers discounted cars, three people aware of the matter said. Maruti, majority-owned by Japan's Suzuki Motor Corp, is a household name in India where it commands a 51 percent market share. It sold 1.73 million passenger vehicles in the year to March and has nearly 3,000 dealers in the country.
China is also attracting much investment, with companies keen to increase their share of the world's largest car market and keep up with the country's push towards electric vehicles. Following are summaries of investments and restructuring efforts made by major automakers in the United States and China since 2017.
South Korean automakers saw their shares rise on Monday on optimism they would be exempt from import tariffs on vehicles the United States deems a threat to national security, after the U.S. president said a revised trade deal could address concerns. Hyundai Motor Co and affiliate Kia Motors Corp shares were both up nearly 3% in morning trade. U.S. President Donald Trump on Friday declared some imported vehicles and vehicle parts posed a national security threat.
Asian shares steadied on Thursday on news that U.S. President Donald Trump is planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and on weak U.S. and and Chinese economic data. The uptick came after three administration officials told Reuters on Wednesday that Trump is expected to delay a decision on tariffs on imported cars and parts by up to six months.
Beyond the significant cash infusion, the three parties said the deal includes"a strategic partnership to collaborate on the development of high-performanceelectric vehicles
Global automotive supplier Bosch expects platinum to play only a minor role in its new fuel cells, giving precious metal markets scant benefit even as the technology gains momentum for pollution-free transport. According to Reuters calculations, Bosch would only need a tenth of the platinum used in current fuel cell vehicles. Hopes of reviving demand and prices of platinum increasingly hinges on widespread uptake of fuel cells in vehicles, ships and trains to make up for dwindling amounts used in each device, analysts say.
A South Korean automakers' group called on Friday for an end to generous state subsidies for sales of Chinese electric vehicles (EVs), citing a potential threat to local automakers and Beijing's "discrimination" against EVs equipped with Korean batteries. Jeong Marn-ki, president of the Korea Automobile Manufacturers Association, said Chinese automakers could boost EV exports as domestic demand suffered from a phasing out of Beijing's EV subsidies and a trade dispute with the United States.
South Korea's Hyundai Motor unveiled a promising outlook for sales at home and in the United States, and also reported its first rise in profit in five quarters, in an early sign of recovery even as it battles a slump in China. This comes as Hyundai's heir apparent Euisun Chung tightens his grip and reshuffles top management to revive stalled growth at the automaker - once hailed as a star performer during the global financial crisis about a decade ago. Hyundai is now rolling out a full line-up of sport utility vehicles (SUVs) this year, after a consumer shift to the segment took a toll on its sedan-heavy line-up.