|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||79.18 - 80.99|
|52 Week Range||77.07 - 97.50|
|PE Ratio (TTM)||6.11|
|Earnings Date||Aug 2, 2018|
|Forward Dividend & Yield||4.00 (4.92%)|
|1y Target Est||93.69|
Companies have been preparing for months to deal with tariffs on U.S. imports and exports, always with the hope that negotiators would reach a compromise before the duties took effect. At Polaris Industries (PII), a Minnesota company that makes motorcycles and other vehicles, executives are considering shifting production to Poland in response to European tariffs. The battle lines of the trade war are being drawn far from the steel plants that have served as symbols of President Donald Trump’s trade policy.
IT’S CALLED the BMW X2 but you may also think of it as the X0.9, since it is effectively a low-slung version of the company’s X1 subcompact crossover (2.8 inches lower and 3.2 inches shorter overall). Under the tardigrade-looking bodywork X2 is also the mechanical twin of the Mini Cooper Countryman, built in the Netherlands from the same box of parts, mostly, in the same approximate dimensions and sold for about the same price (Mini is a wholly owned subsidiary of BMW). If you are out there cross-shopping our test car, the X2 xDrive28i ($38,400 MSRP) and comparably equipped Countryman John Cooper Work ALL4 ($37,900), first, congrats, good for you.
In the years before he became president of the United States, Donald Trump owned luxury German cars. Now, pricey European convertibles are among the vehicles that could become rare on American roads if Trump's proposal to slap tariffs on imported cars takes effect. On Friday, Trump threatened to impose a 20 percent import tariff on all European Union-assembled vehicles, a move that could upend the industry's current business model for selling cars in the United States.
Ask auto dealers what they make of Donald Trump threatening to tax imports of European models, and they’ll tell you buyers of those cars might as well throw the money saved on their tax bills out the driver-side window. “It’ll have one of the most negative effects on his presidency and anything good he’s done,” Marc Cohen, the vice president of Priority 1 Automotive Group, said after the president tweeted a threat that sank shares of carmakers including Volkswagen AG and Daimler AG. “It’s definitely got legs under it now, and it’ll be tragic,” said Cohen, who sells BMW, Porsche and Audi vehicles in Baltimore.
Manufacturing diversity within the auto sector, and its typically high-paying jobs, are among the touchier issues as free-traders challenge a series of tariffs lobbed between the U.S. and China and the U.S. and the European Union, and as the Nafta trade pact renegotiations between the U.S., Canada and Mexico intensify. As for the American-Made Index’s makeup, U.S. assembly is a critical component of eligibility, although it’s not the whole story. Cars.com considers five factors to determine the domestic economic impact of a given model: assembly location, domestic-parts content as determined by the American Automobile Labeling Act, engine sourcing, transmission sourcing and factory jobs provided by each automaker’s U.S. plants.
BERLIN—Global auto stocks were pummeled Thursday after Daimler AG issued a profit warning overnight that the Mercedes-Benz owner pinned on trade tensions between the U.S. and China. Daimler warned that Chinese retaliatory import duties on cars built in the U.S. would hurt sales of its sport-utility vehicles in the world’s largest auto market. Its shares fell 4.3%, and investors anticipated trouble for other car makers, including the two other German auto giants, BMW AG and Volkswagen AG.
Moody's has not assigned a rating to the EUR 39 million Class B Fixed Rate Notes, which are also issued at closing of the transaction. The portfolio of underlying assets consists of auto loans distributed through independent auto dealers in Germany and will have a total value of around E600 million.
MARKET PULSE Shares in German auto makers fell Thursday as traders assessed a profit warning from Daimler AG as well as the companies' support of a tariffs proposal. Daimler issued a surprise profit warning late Wednesday, saying Chinese retaliatory import duties on vehicles built in the U.
C hinese-owned Volvo Cars opened a new auto factory in South Carolina on Wednesday as company executives warned that the U.S.-China trade dispute could undermine plans to create up to 4,000 more auto jobs in the heavily Republican state. "If you have trade barriers and restrictions, we cannot create as many jobs as we are planning to," Volvo Cars Chief Executive Hakan Samuelsson told Reuters on the sidelines of an event celebrating the new facility. The auto factory is the latest addition to several large-scale manufacturing operations in South Carolina, including a Boeing Co aircraft plant and a BMW AG auto assembly plant, that rely heavily on export sales to support jobs.
German Chancellor Angela Merkel hinted at a new front in the trade row with the United States on Friday, warning that Europe's strategic interests rode on the future of Europe's car industry and hinting at competition probes of U.S. internet giants. Just as U.S. President Donald Trump had given national security as a reason for threatening punitive tariffs on German cars, "We should think about the strategic significance of the auto industry for the European Union so we can prepare an exchange with the U.S.," she said. Trump has repeatedly criticised Europe, and Germany in particular, for running large trade surpluses over the United States, promising to put an end to what he saw as the continent free-riding on U.S. prosperity.
Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) due to its excellent fundamentals inRead More...
BMW sales in China, the carmaker’s biggest national market, dropped for the first time in over two years in May after buyers delayed purchases, hoping for better deals following a cut in import duties. Deliveries of BMW-brand and Mini city cars in China fell 10 percent in May compared to a year ago, BMW AG said Tuesday in a statement. BMW also said low availability of the popular X3 sport utility vehicle in China dragged on its result for the month which burdened global sales to decline 2.1 percent.
BMW AG and Mercedes-Benz maker Daimler AG face a double whammy of trade risks in an intensifying spat between the European Union and the U.S. Both carmakers ship significant numbers of vehicles from the E.U., and also export from U.S. plants. U.S. president Donald Trump renewed threats to impose tariffs on auto imports, hitting out at the bloc’s standard 10 percent import tariff on cars -- higher than a 2.5 percent American duty on auto imports and 25 percent on sport utility vehicles.
Germany's Environment Ministry has drawn up a position paper suggesting CO2 emissions from cars and light commercial vehicles should be halved by 2030 compared to 2021 levels, documents seen by Reuters ...
The United States' closest allies attacked the Trump administration on Friday for imposing tariffs on steel and aluminum imports and mounted challenges with the world's top trade body, fouling the mood at a G7 finance leaders meeting. U.S. Treasury Secretary Steven Mnuchin was the prime target of the criticism at the meeting of Group of Seven finance ministers and central bank governors in Canada, with the six other G7 member countries subject to the U.S. metals tariffs, which were imposed on national security grounds.
Fiat Chrysler Automobiles NV plans to take a bigger bite out of the U.S. luxury market by filling up its Alfa Romeo brand’s model lineup. As part of an ambitious five-year plan that Sergio Marchionne unveiled Friday outside Turin, Italy, the chief executive revealed that Alfa Romeo has seven new models in development and a target to more than double worldwide sales. The brand boosted deliveries by 159 percent in the U.S. last month as other premium players posted slim gains.
WASHINGTON/PARIS, June 1 (Reuters) - Canada and Mexico retaliated on Thursday after Washington imposed tariffs on steel and aluminum imports while the European Union had its own reprisals ready to go, reviving investor fears of a global trade war. Germany's Economy Minister said early on Friday the EU might look to coordinate its response with Canada and Mexico.
Trump administration tariffs on steel and aluminum from Canada, Mexico and Europe are "hitting the wrong target" and officials will need to provide answers to Congress about the damage to local businesses, a top Republican lawmaker said on Thursday. "When it comes to unfairly traded steel and aluminum, Mexico, Canada and Europe are not the problem - China is," said Representative Kevin Brady, the chairman of the U.S. House Ways and Means Committee.
European shares fell on Thursday as trade war concerns weighed and Deutsche Bank tumbled to a record low after a report the U.S. Fed last year deemed its U.S. operations as troubled. Germany's DAX was the worst performer among the main country indexes, down 1.4 percent, while efforts in Italy to avert a new snap election helped Italy's FTSE MIB limit losses to 0.1 percent after a volatile session.
Moody's Investors Service ("Moody's") has assigned the following provisional rating to Notes to be issued by SC Germany Auto 2018-1 UG (haftungsbeschraenkt): EUR561 million Class A Floating Rate ...
German carmakers have a moral obligation to refit heavily polluting diesel vehicles on the country's roads, environment minister Svenja Schulze said, but conceded that the government had no legal means to make them do so. In an interview published in Die Welt newspaper on Monday, Schulze said refits could first be carried out on cars on the road in particularly polluted cities. Revelations in the wake of the Volkswagen emissions scandal that nitrogen oxide emissions of diesel cars were much higher than previously thought have weighed on Germany's big carmakers for over a year, with some hit by heavy fines from regulators around the world.