|Day's Range||0.03 - 0.06|
Jim Farley joined Ford Motor Co. when print ads and 30-second television spots were the way to sell an automobile. A decade later, the world’s digital transformation has the No. 2 U.S. car maker rethinking how it allocates its $4 billion-plus advertising budget, and how much can be cut. As president of global markets, and Ford’s No. 2 person, Mr. Farley has a sprawling mandate, from overseeing driverless cars to shepherding sales in dozens of countries.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included one of the most recognized brands in the world. Bearish calls included a department store operator ...
The auto industry is approaching a major tipping point. Electric cars could soon be profitable and cost competitive with traditional cars.
In fiscal Q2 2018, AutoZone (AZO) reported total revenue of $2.4 billion, which reflected a 5.4% YoY (year-over-year) increase. During the second quarter, the company’s domestic same-store sales worsened sequentially and fell to 2.2% compared to 2.3% in Q1. Now, let’s look at analysts’ estimates for the company’s fiscal Q3 2018 revenue.
Last April, I pondered whether Ford Motor Company (NYSE:F) could afford to buy Tesla Inc (NASDAQ:TSLA). For the sake of Ford stock, here’s why I think Ford absolutely should buy Tesla. First, I should probably revisit some of my thoughts regarding the viability of Ford buying Tesla and what’s changed over 13 months.
Ford Motor Company (F) sold 204,651 vehicle units in the US market in April 2018, a decrease of about 4.7% from its US sales in April 2017. April was the third month in 2018 that Ford reported YoY (year-over-year) US sales weakness. Previously in March 2018, the company’s US sales went up 3.4% YoY to 244,306 vehicle units. In 2017, Ford’s total US sales went down by about 1.1% YoY, still better than the industry average.
The 2019 Silverado RST comes standard with an all-new, advanced 2.7L Turbo engine Active Fuel Management and stop/start technology, paired with an eight-speed automatic transmission. Available 5.3L V-8 engine is paired with an eight-speed transmission and featured industry-first Dynamic Fuel Management (DFM) with 17 different modes of cylinder deactivation. Back in 1924, former General Motors President Alfred P. Sloan Jr. coined the marketing slogan "a car for every purse and purpose" to describe GM's array of vehicle brands in various price ranges.
Sozzi goes after Musk, bringing up the suggested restructuring of executives for Tesla and the "bold promises" he's made about SpaceX and The Boring Co. "What looks to be a lack of focus by Musk (nothing new...) should terrify Tesla investors who are watching closely how a new restructuring plan is executed upon.
China extended its dominance of a critical material for electric cars, underscoring challenges for other car makers.
undergoes a so-called "double transformation," the case for investing in the Dearborn, Mich.-based automaker relative to Detroit-based General Motors Co. is improving, according to J.P. Morgan. "We believe Ford management understands the previous deficit relative to the positioning of the investment story in comparison to General Motors and also that the story is now improved as a result of the recent announcements," J.P. Morgan analyst Ryan Brinkman wrote in a May 18 research note.
Although it is one of the most recognized technology names, Tesla Inc (NASDAQ:TSLA) has been recently making news for the wrong reasons. Primarily, investors are losing confidence that CEO Elon Musk has the right mentality to keep Tesla moving forward. As a result, TSLA stock took a beating.
In fiscal 2019, Japanese automaker Toyota Motor’s (TM) financial performance improved on almost every front. The weak Japanese yen, Toyota’s reporting currency, was one of the key factors that added positivity to its financial figures.
Fantasy and reality now find themselves at cross purposes at Tesla Inc (NASDAQ:TSLA). Now, with Tesla’s cash crunch, it must prioritize company stability over bringing concepts to market. Tesla Inc holds $2.67 billion in cash.
So far in this series, we’ve covered how Toyota Motor’s (TM) revenues rose and its profit margins expanded in fiscal 2018. The positive trend in the company’s financials was mainly the result of favorable currency movements, cost-reduction efforts, and stable sales volume.
The financial arms of Ford and GM produce significant chunks of their bottom lines -- when conditions are right. Here's what investors need to watch.
China's purchases of U.S. corn have slowed significantly due to worries the grain might be drawn into the trade spat between the world's two largest economies, and as Chinese customs keeps the brakes on clearances for cargoes, four traders told Reuters. Chinese buyers have cancelled multiple cargoes of corn so far this year, the latest product roiled by the China-U.S. trade tensions, traders and industry sources said.
Toyota Motor Corp is taking an unprecedented route to meet China's stringent green car quotas: its showrooms will sell an electric vehicle without the Japanese company's distinctive triple-oval logo. Instead, it will feature the label of GAC Motor , Toyota's Chinese partner, and will be built around GAC's lower-cost technology. The move - a first for Toyota - will give GAC access to the Japanese carmaker's stringent quality control, prestige and sales channel.
Toyota Motor’s (TM) vehicle sales in North America fell 1.1% YoY (year-over-year) to 2.8 million units in fiscal 2018. In spite of this drop in sales volumes, the company’s revenue from the region rose to 10.6 trillion Japanese yen in fiscal 2018, ~3.3% higher than in fiscal 2017.
Laggards on the Dow included Walmart Inc. Stocks fell on Thursday, May 17, amid a sustained rise in crude oil prices, and as Cisco Systems Inc. Investors were also focused on Thursday's trade summit in Washington, led by China Vice Premier Liu He and U.S. Treasury Secretary Steve Mnuchin, with the two sides aiming to come to an agreement that would prevent the imposition of U.S. tariffs on around $150 billion in China-made goods.
Shelby American is reviving the legendary 1967 Ford Shelby GT500 Super Snake, planning an exclusive run of just 10 examples of the fastback and culminating what it calls the "unfinished business" of the muscle car's founders, Carroll Shelby and Don McCain. Shelby also unveiled a new ultra-lightweight Series 2 roadster supercar at an event at its Southern California headquarters that boasts eye-popping output of more than 800 horsepower.
Daimler's Mercedes-Benz U.S. International plant outside Tuscaloosa will gradually ramp up production as parts begin to arrive next week, the company said in a statement. The same May 2 fire, at a Meridian Magnesium Products plant in Eaton Rapids, Michigan, caused Ford Motor Co to lose more than a week of production of its highly profitable F-series pickup trucks at three U.S. plants. After parts production restarted at the Michigan plant and at another Meridian plant in Britain, Ford Motor Co (F.N) said it would resume truck production at one plant on Friday and two others on Monday.
The largest Japanese automaker, Toyota Motor Corporation (TM), released its fiscal 2018 results for the period from April 1, 2017, to March 31, 2018, on May 9. Before we dig deeper into Toyota’s fiscal 2018 earnings results, let’s take a quick look at how investors are reacting. On the day of its fiscal 2018 earnings release, Toyota’s ADR (American depositary receipt) fell 4.1% from the closing of the previous session to $136.29.
FBN's Jeff Flock talks to Ford Product Development Executive Vice President Hau Thai-Tang about the automaker resuming production of its F-150 truck.