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In the first quarter, Ford’s (F) Asia Pacific region revenues rose 6.3% YoY (year-over-year) to $3.4 billion. However, the region had a negative impact on Ford’s total profit margins. Increased engineering costs in China, lower volume, and an unfavorable mix stole about $116 million from Ford’s EBIT in the first quarter.
Ford Motor Company (F) sold 61,744 vehicle units in China (IYK) in May. That’s a massive decline of 29% YoY (year-over-year). In April, its sales in China were 69,503 vehicle units but fell 26% YoY. So far in 2018, Ford’s Chinese market sales have fallen 22% YoY to 338,386 units.
German automotive stocks fell after U.S. President Donald Trump threatened to impose a 20 percent tariff on all European car imports into the U.S. “Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!” Trump said in a tweet on Friday. The risk is becoming more real, said Jeff Schuster, senior vice president of forecasting at LMC Automotive, before Trump’s latest salvo.
German automotive stocks fell after U.S. President Donald Trump threatened to impose a 20 percent tariff on all European car imports, escalating his demand for concessions aimed at lowering the U.S. trade deficit. Shares of Volkswagen AG, Daimler AG and BMW AG fell in Frankfurt after Trump’s latest broadside, insisting European manufacturers “build them here!” General Motors Co. and other U.S. automakers pared earlier gains, on concern they too would get caught up in rising global tariffs.
Cadillac's sales declined in 2017 and automakers are producing fewer sedans in the United States. Is this Cadillac investment a good move by GM?
LONDON, UK / ACCESSWIRE / June 22, 2018 / If you want access to our free research report on Ford Motor Co. (NYSE: F) ("Ford"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=F as the Company's latest news hit the wire. On June 19, 2018, the Company announced that it has signed a Memorandum of Understanding (MOU) with Germany's Volkswagen AG, for exploring possibilities of a strategic alliance which will enable both Companies to increase their competitiveness and improve services to customers globally. Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you.
Automakers from the mitten state all improved more than the industry average, and one in particular took home more model-level awards than any other auto brand.
Investors might think these two companies are being left behind, but they're adapting for the future and offer savvy investors a solid dividend.
US President Donald Trump on Friday threatened to impose a 20 per cent tariff on European auto imports, the latest volley in his escalating global trade war. Mr Trump said in a tweet: “Based on the Tariffs and Trade Barriers long placed on the US and it[s] great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the US. Mr Trump’s move comes as his administration conducts a national security investigation into imports of cars from all over the world.
A glitch in its vehicles’ cruise-control feature has vaulted Fiat Chrysler Automobiles NV to the No. 1 spot in a category in the U.S. most car companies want to avoid: recalls. The Italian-U.S. auto maker launched a recall campaign in late May to address a flaw in more than five million vehicles that could prevent drivers from canceling cruise control should an “unlikely sequence of events” occur, the company said. The malfunction risks causing a vehicle to maintain a set speed even when a motorist taps the brakes or flips a switch to turn off cruise control.
WASHINGTON/FRANKFURT/BEIJING, June 21 (Reuters) - An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war has claimed another victim - Germany's auto sector. Luxury carmakers Daimler and BMW joined American farmers and Chinese solar panel and steel makers among the first casualties in what looks set to become a bitter trade war on a global scale of a kind not seen since the 1930s.