|Bid||0.00 x 124500|
|Ask||0.00 x 73800|
|Day's Range||47.18 - 47.92|
|52 Week Range||44.51 - 62.19|
|Beta (3Y Monthly)||1.35|
|PE Ratio (TTM)||7.17|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||3.25 (7.00%)|
|1y Target Est||62.70|
European lithium projects are making a fresh push for capital, eager to supply the white metal to a burgeoning network of battery manufacturers and electric vehicle makers across the continent, the world's second-largest EV market after China. A regional EV supply chain would help achieve European Union goals to lower carbon emissions, cut fossil fuel consumption and strengthen the ability of the continent's automakers and battery makers to compete with Asian rivals CATL, LG Chem and Samsung. "I'm pretty impressed by what I see being built out for an electric vehicle supply chain in Europe," Chris Berry, an independent lithium analyst, said on the sidelines of this week's Fastmarkets Lithium Supply and Markets Conference in Santiago, the industry's largest annual gathering.
The Swiss bank and its chief economist, Paul Donovan, had previously apologized for the comment, saying it was “innocently intended.” Donovan, in a discussion of the rise in Chinese consumer prices that was mainly due to sick pigs, had asked whether that mattered. “It matters if you are a Chinese pig. It matters if you like eating pork in China,” he said in the UBS Morning Audio Comment.
Every 400 basis point change in U.K. rideshare adjusted net revenue would result in a $100 million hit to Uber’s 2020 profit, analysts led by Brian Nowak wrote in a note on Thursday. The analysts noted that the “headlines may be worse than the reality,” as it’s still unclear exactly how much funding the new entrants will have, and how quickly users will adopt the rival applications. Uber has had some success in fighting off competition in countries like Brazil, they said.
Rival proposals for European patent guidelines covering technology vital for building self-driving cars and internet-linked vehicles have set tech firms and carmakers on a collision course. The differences between firms such as Qualcomm and Nokia and vehicle manufacturers like BMW and Daimler over patent terms raises the prospect of legal challenges and antitrust suits, which have emerged in other industries that depend on access to technology. In May, a U.S. court told Qualcomm to overhaul its business practices for illegally suppressing competition in the smartphone chip market by threatening to cut off supplies and extracting excessive licensing fees.
Investors afraid the trade war could bring on the next recession, and that bond prices are already signaling a downturn, may find safety in an odd place: the trucking industry.
In a letter to California Governor Gavin Newsom signed by 17 major automakers including General Motors Co, Toyota Motor Corp and Volkswagen AG, the companies urged a compromise "midway" between the Obama era standards that require annual decreases of about 5% in emissions and the Trump administration's proposal that would freeze vehicle emissions requirements at 2020 levels through 2026. The automakers are making a last-ditch appeal to try to revive talks in order to avoid years of uncertainty over what rules they will face.
“Talks will continue this afternoon -- they’re not over yet -- I think they are advancing,” Ebrard told reporters in Spanish at the State Department, where he met with unspecified U.S. officials Thursday. Earlier, though, White House aide Mercedes Schlapp said that Mexico hadn’t offered to do enough to curb migration to the U.S. “It looks like we’re moving towards this path of tariffs, because what we’ve seen so far is that the Mexicans, what they’re proposing, is simply not enough,” Schlapp said in a Fox News interview.
Moody's Investors Service has today assigned a B2 instrument rating to the $190 million senior secured notes due 2022 that Aston Martin Capital Holdings Limited (Aston Martin Lagonda) issued in April 2019. The B2 instrument rating on the new notes is in line with the rating on the existing notes issued by the financing subsidiary Aston Martin Capital Holdings Limited, because the terms mirror the terms of the existing notes.
Tesla’s initial success with the Model S sedan, which a carmaking rival called “deeply impressive,” seemed to show that new battery-power systems could soon overtake conventional engines, and that depressed the shares of established original-equipment manufacturers, Bernstein analyst Max Warburton wrote in a report Monday.
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.
U.S. equities slumped as Trump opened a new front in his trade wars, threatening to place escalating tariffs on Mexico and jeopardizing a new North American trade agreement. Mexico is by far the largest source of U.S. auto imports and tariffs on goods from there would increase costs for many major manufacturers. “These measures aren’t beneficial for Mexicans or Americans,” Mexican President Andres Manuel Lopez Obrador said in a press conference Friday.
Germany will extend for another year a bonus scheme to encourage people to buy electric cars, Die Welt newspaper reported on Thursday, another sign of Berlin's eagerness to support a sector in which it lags U.S. and Asian rivals. The newspaper said the cash-for-clunkers bonus, first introduced as a stimulus measure after the post-2008 economic slowdown6, would be extended until 2020, with buyers getting up to 4,000 euros ($4,455) cashback on some kinds of electric cars. The bonus scheme currently being extended, specifically targeting electric vehicles, was introduced for three years in 2016.
FRANKFURT/DETROIT (Reuters) - Fiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-merger, but such combinations face tall odds because of the industry’s long product cycles and problems translating deal blueprints into real world success, industry veterans told Reuters. Renault and Nissan Motor Co, which have been in an alliance since 1999 designed to share vehicle components, have only managed to use common vehicle platforms in 35% of Nissan's products despite an original target of 70%, according to Morgan Stanley.
Daimler Trucks is creating a global organization focused on putting automated trucks on the road over the next decade. The Autonomous Technology Group will be in charge of building an automated roadmap for the trucks, as well as setting up the appropriate operations infrastructure and network. The new initiative comes right after Daimler announced a $570 million investment into automated trucks at CES in Las Vegas back in January.
The United States will find it "very difficult" to defend President's Donald Trump's proposed car tariff against any challenge at the World Trade Organization, a veteran trade adjudicator who has ruled on a related case told Reuters. Trump said this month that some imported vehicles and parts pose a "national security" threat, justifying tariffs under Section 232 of the Trade Expansion Act of 1962, the basis for tariffs put on steel and aluminium last year. The car tariff of up to 25 percent, applying to vehicles and components from everywhere else in the world, would be automatically illegal were it not for a WTO exception granted in cases of national security.
FRANKFURT (Reuters) - Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France's Renault in a deal that could create the world's third-biggest carmaker and trigger a fresh ...
Including Nissan, which has an existing partnership with Renault, the alliance could become the world's No.1 carmaker with 13.8 million in annual sales. It would also maintain a foothold in China, where both Fiat Chrysler and Renault are marginal players. A deal would be the fourth time in 20 years that the former Chrysler Corp of Detroit would have transferred to new owners, and the fifth time since 1987 that the Jeep sport utility vehicle brand would have changed hands.
Today on Autocomplete: Jaguar's XJ is dead starting in July, Daimler is making it rain on Level 4 autonomous truck development and Google added speed limits and camera locations to Maps. Get the latest news at www.TheRoadshow.com ? Subscribe & hit the Bell for more Roadshow videos Visit us online at http://www.TheRoadshow.com Twitter @roadshow : https://www.twitter.com/Roadshow IG @RoadshowAutos : https://www.instagram.com/RoadshowAutos Facebook: https://www.facebook.com/RoadshowAutos/ ? Don’t miss our next video! Hit the Bell #Jaguar, #Daimler, #GoogleMaps, #AutonomousTechnologyGroup, _____ AC19STACK