9.56 +0.06 (0.63%)
Pre-Market: 8:33AM EDT
|Bid||9.48 x 47300|
|Ask||9.56 x 21500|
|Day's Range||9.39 - 9.58|
|52 Week Range||7.41 - 12.15|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||10.33|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||0.60 (6.83%)|
|1y Target Est||9.27|
Yahoo Finance’s Alexis Christoforous speaks to Adam Shapiro who says this year’s New York Auto Show is all about crossovers with brands like Lincoln, Mercedes-Benz and Audi catching the eyes of spectators.
Key Takeaways from Alcoa’s Q1 Earnings(Continued from Prior Part)Trump’s tariffs During the first-quarter earnings call, Alcoa (AA) took a swipe at the Section 232 tariffs that President Trump imposed last year. From the very beginning, Alcoa
Escape will be loaded with high-tech features, including the latest take on Ford's Sync infotainment system, now able to handle both Apple CarPlay and Android Auto. The plug-in hybrid will add a larger battery pack capable of driving for up to 30 miles in all-electric mode. The market for sport-utility vehicles has grown at an unprecedented rate, especially for car-based crossovers, and few industry analysts expect the surge to level off anytime soon, which is why this year's New York International Auto Show is awash in new "two-box" designs of various sizes and prices.
The company recently converted its Michigan Assembly Plant to make Ford Ranger pickups, which will increase its profitability.
(Reuters) - Automaker Mahindra and Mahindra Ltd signed a deal with Ford Motor Co's Indian unit to jointly develop midsize sports utility vehicles in India, the company said on Thursday. Ford and affiliate ...
In the 1970s, Ford Motor Company realised its Pinto car could kill if its fuel tank ruptured. Instead of fixing the problem — which according to a memo would have cost $137m — the company reasoned its liabilities from personal injury lawsuits would cost far less. It was more expensive to fix the problem, Ford reasoned, than to deal with potential lawsuits.
Falling U.S. new vehicle sales through the rest of 2019 and into 2020 will bring more intense competition in the increasingly crowded market for SUVs and a continued decline in passenger car sales, executives and economists said at this week's auto show in New York. The new SUVs at this week's auto show included models from Toyota Motor Corp, Ford Motor Co, Subaru Corp, Daimler AG's Mercedes-Benz and Hyundai Motor Co. After a long bull run, U.S. auto sales are expected to fall about 3 percent to 16.8 million units.
"If you want to get an honest read on the economy, forget the government data from the Commerce Department," CNBC's Jim Cramer says. "It's such a terrific tell for what's happening in the U.S. economy, and it's also fabulous source of inspiration if you're on the hunt for new stock picks," he says. CSX Transportation CSX 's Tuesday earnings call gave some insight into what stocks could be worth playing, CNBC's Jim Cramer said Wednesday.
The average person might be forgiven for thinking Tesla Inc. (TSLA) is a major leader in autonomous vehicle technology. After all, that is what Elon Musk, Tesla's celebrity CEO, has repeatedly told the media and public. Warning! GuruFocus has detected 4 Warning Signs with TSLA.
Ford Motor Co's shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 U.S. automaker said on Wednesday. The increase in earnings, before interest and taxes, in 2021 compared with 2017 is due to the shift at the Michigan Assembly Plant in Wayne, Michigan, from C-Max hybrids and Focus compact cars to Ranger mid-sized pickup trucks and Bronco SUVs, Ford's Jim Baumbick, vice president of enterprise product line management, said at a Bank of America Merrill Lynch conference in New York. "The absolute change in profitability is over $1 billion EBIT and we expect over the long, normal cycle, that to continue to improve," he said.
The European Commission's push for a wifi-based standard for cars backed by Volkswagen took a big step forward on Wednesday after EU lawmakers endorsed wifi over 5G technology promoted by BMW and Qualcomm. The EU executive wants to set benchmarks for internet connected cars, a market that could generate billions of euros in revenues for carmakers, telecoms operators and equipment makers, according to analysts. Wifi technology supporters include Renault, Toyota, NXP, Autotalks and Kapsch TrafficCom.
Ford Motor Co. on Wednesday announced it will build the new Lincoln Corsair sport utility vehicle at its Louisville Assembly Plant. The new SUV, which the company says "embraces elements of both the full-size Lincoln Navigator and three-row Lincoln Aviator while building on these cues with even more flair" will replace the Lincoln MKC SUV, which launched in 2014. The Corsair, similar in size to the Ford Escape, will hit dealerships this fall.
The glory days for Tesla (NASDAQ:TSLA) may be approaching an end. For the last few years, the company enjoyed strong sales with barely any advertising. The stock market and Tesla customers and adherents admired CEO Elon Musk for the advancements he brought to the electric vehicle market. That translated to a lot of positive sentiment for TSLA stock.Source: Shutterstock But the positive momentum is shifting. The end of subsidies to Tesla buyers, slow sales in China and supply constraints are hurting 2019 sales. Plus, shares of fossil-fuel based automobile makers are rebounding. Investors may have rotated out of their Tesla holdings and into General Motors Company (NYSE:GM) or Ford Motor Company (NYSE:F), both of which are up over 15% year to date.All of these negative developments may send TSLA stock to new lows in the coming weeks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Negative Developments for TSLA StockThe EV subsidy in the U.S. is the risk of getting abolished immediately if U.S. President Donald Trump has his way. Congress is trying to change that by drafting a law that would extend the tax rebates. Currently, Tesla and GM both exceeded the current limit of 200,000 subsidized EV. Congress wants the limit increased to 400,000, giving buyers a tax credit worth $7,000.So far, markets are not betting the government will pass a subsidy extension. Shares of Tesla have already fallen 18% in 2019. And with 23% of the share float short, many investors seem to believe its underperformance could accelerate. * 10 S&P 500 Stocks to Weather the Earnings Storm Tesla announced a Model Y on March 14, an event that would have sent the stock higher in past years. This time, markets did not care much for this crossover model -- the stock price certainly didn't celebrate. This is despite the fact that the crossover and SUV segment is the hottest sector in the automotive space.Instead, market participants seem to dwell on how the company failed to live up to the Model 3 promises. The Model 3 was supposed to come out on time, sell for $30,000 on average and get produced in sufficient numbers to meet demand. Instead, the car has been plagued with output and deliveries struggles.Logistically, if Tesla has Model 3 production issues, where will Model Y production take place? Competition, Debt Could Hamper Tesla StockWith premium brands like BMW, Mercedes-Benz and Audi vying for market share in the CUV space, the Model Y will compete with Audi e-Tron, BMW iNEXT, and Mercedes-Benz EQ. Jaguar's I-PACE has at least three configurations for consumers to choose from.This may help explain TSLA stock's slowing unit sales, and slowing unit sales hurt cash flow, which Tesla needs to service its debt. Its debt/equity ratio currently stands at 2.4x. This is still better than GM's, at 2.7 times, or Ford, at 4.3 times. But the difference between it and GM or Ford is that the latter has plenty of revenue and strong cash flows. TSLA stock trades at 24 times FCF, compared to 8.6x for Ford and 13x for GM stock.Despite the elevated debt levels, liquidity is a remote concern at this time because Tesla may sell shares or debt on the open market. Historically, demand for either is strong, so investors need not worry about its liquidity at this time. Besides, even though sequential unit sales slowed, year-over-year sales are still up 110% (63,000 deliveries, compared to 29,000 the year before). Valuation and TakeawayTesla is trading not far from the analyst consensus estimate of $297 a share, or 11.6% below the price target. Bullish investors could use a 10-year DCF revenue exit model (finbox.io) to number crunch a fair value. This model values the company to the future cash flow, discounted back to present value. By assuming a growth rate of 25% annually in that time period, the stock's fair value is around $410.Tesla is approaching its 52-week low and could fall further after its May 1 earnings report. Short-sellers could get squeezed if sales in the quarter are better than thought, however. Therefore, it's smartest to wait until after the report before establishing a bet against this stock.As of this writing, Chris Lau owned shares of Ford Motor Company. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Why Tesla Shares Are Headed to New Lows appeared first on InvestorPlace.
Award-Winning System Featured on All-Wheel-Drive Versions of Ford Edge in North America, Europe, and Asia-Pacific SHANGHAI , April 17, 2019 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today ...
Ford's Mustang is the world's best-selling sports car, besting competitors as diverse as the Chevrolet Camaro and BMW Z4, with global sales last year totaling 113,066. Ford hopes to retain its lead by continuing to not only update the Mustang but add an array of new variants. The latest is the EcoBoost High-Performance Package, which makes its debut Wednesday at the New York International Auto Show.
PARIS (Reuters) - European car registrations fell 3.6 percent in March, the main regional industry group said on Wednesday, with Nissan and Ford showing some of the biggest sales declines. Registrations ...
Ford's premium brand continues its hard lean into its heritage by bringing plush and quiet interiors into the growing small SUV market.
Ford Motor Co.’s long-lagging luxury brand is trying to build off its hit Navigator SUV with a winner at the entry level, where buyers first step up to premium models. It’s a tall order because German and Japanese offerings like the Audi Q5 and Acura RDX outsell Lincoln’s MKC -- the compact SUV that Corsair is replacing -- by 3-to-1. With Wednesday’s introduction at the New York International Auto Show, Corsair will try to whittle down the average age of Lincoln buyers from 63, about a decade above the industry norm.