|Bid||3,251.00 x 0|
|Ask||3,259.00 x 0|
|Day's Range||3,226.00 - 3,305.00|
|52 Week Range||3,021.00 - 5,225.00|
|Beta (5Y Monthly)||1.33|
|PE Ratio (TTM)||12.70|
|Earnings Date||Apr 27, 2020 - May 01, 2020|
|Forward Dividend & Yield||140.00 (4.30%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||6,515.60|
Nikkei closed higher on Friday as some upbeat corporate earnings and forecasts helped, although the benchmark recorded its worst weekly slide in six months on fears of the rapidly-spreading coronavirus in China. Investors remained on the edge over how much the virus could disrupt the global economy, with the World Health Organisation (WHO) declaring it a global health emergency. Driving sentiment on Friday were a slew of upbeat corporate earnings results from Japanese companies.
A group of 52 auto parts manufacturers has agreed to pay California $23 million as part of a decade-old investigation into antitrust law violations stemming from illegal bid rigging, the state said on Wednesday. Following an investigation by the U.S. Justice Department that began about 10 years ago, 46 companies agreed to pay a total of nearly $3 billion in fines while pleading guilty to price-fixing and bid-rigging in the auto parts industry.
(Bloomberg) -- The U.S. Federal Communications Commission has proposed taking back some of the spectrum long promised to automakers and re-allocating it to other wireless uses, according to people familiar with the matter.It’s a potentially significant development in a years-long debate that saw automakers fight to retain frequencies they’ve barely used. Carmakers say they’re poised to finally use the airwaves to connect vehicles and infrastructure to prevent collisions.The FCC sent the proposal to the Transportation Department in recent days, said two people who asked not to be identified discussing the private deliberations. If DOT agrees, FCC Chairman Ajit Pai could set a Dec. 12 vote on the proposal to modify the grant of airwaves it made 20 years ago.The Transportation Department has long resisted the idea and remains concerned and will likely oppose the FCC’s latest plan, one of the people said.Representatives for both agencies declined to comment.Cable providers who offer Wi-Fi for customers’ wireless use are hungry for spectrum as digital technology transforms everything from cars to video feeds and household appliances.More airwaves are needed to help “deliver a future of ubiquitous connectivity,” Charter Communications Inc. said in a Nov. 12 filing. Charter’s network supports more than 300 million devices, the Stamford, Connecticut-based company said.Auto industry companies including General Motors Co., Toyota Motor Corp. and Denso Corp. spent more than a decade developing vehicle-to-vehicle, or “V2V,” communications systems to link cars, roadside beacons and traffic lights into a seamless wireless communication web to avoid collisions and heed speed limits. Yet deployments have been few, and no major automakers produce cars using the technology in the U.S.The auto industry has broadly shifted to favor a newer technology based on cellular systems, in part because it offers a path to transition to 5G systems in the future, proponents of the FCC’s plan say.Ford announced earlier this year that it will outfit all its new U.S. models starting in 2022 with cellular vehicle-to-everything technology. The system would enable Ford’s cars to communicate with one another about road hazards, talk to stop lights to smooth traffic flow and pay the bill automatically while picking up fast food.Automakers and their allies last year asked the FCC to let them use part of the band for cellular-based technology - rather than the Wi-Fi format the agency mandated in 1999 - while preserving all of the airwaves for transportation safety. In a petition the companies said the newer, cellular technology is more reliable, with greater range.The airwaves could be used for fast communications including machine-to-machine links, and smart city applications such as smart cameras, traffic monitoring and security sensors, NCTA-The Internet & Television Association, a trade group for companies including Comcast and Charter, told the FCC in a Sept. 25 filing.(Updates with Charter filing in seventh paragraph.)\--With assistance from Keith Naughton.To contact the reporters on this story: Ryan Beene in Washington at email@example.com;Todd Shields in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to sources and documents seen by Reuters. Japanese carmaker Toyota Motor and South Korea's Hyundai Motor are the latest in a string of companies to briefly halt some parts of production at plants to combat slumping sales, according to company memos to employees, reviewed by Reuters. The sales declines have triggered major job cuts in India's auto sector, with many companies forced to shut down factories for days and axe shifts.
India's domestic passenger vehicle sales in July dived at the steepest pace in nearly two decades, an auto industry body said on Tuesday, as a financing crunch deepened a crisis in the country's autos sector and triggered large-scale job losses. Sales of passenger vehicles to car dealers plunged 30.9% to 200,790 in July, the ninth straight month of declines, data released by the Society of Indian Automobile Manufacturers (SIAM) showed.
Toyota is getting into the semiconductor business, partnering with auto supplier Denso to form a new company focused on chip manufacture.
Toyota Motor Corp and auto-parts maker Denso Corp on Wednesday said they have agreed to set up a joint venture to develop next-generation automotive semiconductors as the industry moves toward connected and autonomous vehicles. Denso, a Toyota Group supplier, will own 51% of the new company, with Toyota holding the remainder, the companies said in a joint statement. The venture will focus on components such as power modules for electric vehicles and periphery monitoring sensors for automated vehicles.
Tokyo-based auto components supplier Denso has taken a stake in Bond Mobility, an e-bike sharing company based in California and Switzerland. Denso's new mobility group and another company, Ininvest Global, led a $20 million Series A funding round, according to a news release. Denso's corporate venture capital group under its Southfield-based North American subsidiary Denso International America negotiated the investment terms.
Businesses inside and outside the multibillion-dollar marijuana industry are embracing the once-counterculture four-twenty holiday. Lyft and Carl's Jr. are among the businesses using April 20 to roll out marketing and social media messaging aimed at cannabis consumers. WASHINGTON (AP) -- U.S. home construction slipped 0.3% in March, as housing starts are running below last year's pace in a sign that inventory could be a challenge for would-be buyers.
Uber has confirmed it will spin out its self-driving car business after the unit closed $1 billion in funding from Toyota, auto-parts maker Denso and SoftBank's Vision Fund. The development has been speculated for some time -- as far back as October -- and it serves to both remove a deeply unprofitable unit from the main Uber business, helping Uber scale back some of its losses, while giving Uber's Advanced Technologies Group (known as Uber ATG) more freedom to focus on the tough challenge of bringing autonomous vehicles to market.
TOKYO (AP) — Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit.
Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor Corp and automotive parts supplier Denso Corp will invest a combined $667 million.
SoftBank, Toyota Motor Corp and Japanese auto-parts supplier Denso Corp are expected to invest a total of $1 billion as part of the deal, which could be announced in the next few days, the report said. SoftBank closed its $8 billion investment in Uber in January 2018, which gave it a 16 percent stake in the ride-hailing company and made it the largest shareholder. SoftBank and automaker Honda Motor Co have invested a total of $5 billion for acquiring separate minority stakes in Cruise.