|Bid||31.09 x 1300|
|Ask||31.10 x 1400|
|Day's Range||31.03 - 31.59|
|52 Week Range||30.57 - 46.76|
|Beta (3Y Monthly)||1.68|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||1.52 (4.89%)|
|1y Target Est||44.60|
General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors. Ahead of third-quarter results due on Oct. 31, GM shares are trading about 6 percent below the $33 per share price at which they launched in 2010 in a post-bankruptcy initial public offering. The Detroit carmaker's stock is down 22 percent since Barra took over in January 2014.
Ford is beginning U.S. production of the midsize Ranger pickup for the first time since 2011. The vehicle is bigger than its predecessor, and priced a bit higher to appeal to customers who are demanding more in pickup trucks than they have in the past. Ford is also going to reintroduce the Bronco, which was discontinued in 1996.
It has been more than a year since Jim Hackett took charge as CEO of Ford Motor Company (F) in May 2017. Mark Fields, its CEO back then, was facing criticism for being unable to increase investor confidence while Ford stock was underperforming the broader market and its peers. Since Hackett became CEO, Ford stock has fallen 23% as of October 18, reflecting no positive shift in investor sentiment.
Ford Motor Company (F) sold about 119,000 vehicle units in Europe in September. This data reflected a sharp drop of ~8.2% from its European market sales (IYK) in the same month of 2017.
In the second quarter, Ford Motor Company (F) reported automotive segment EBIT (earnings before interest and taxes) of $1.7 billion, down 52% YoY (year-over-year). Its automotive EBIT margins fell to 3.2% in the second quarter compared to 6.5% in the second quarter of 2017.
In the third quarter, Italian-American automaker Fiat Chrysler’s (FCAU) total Italy market sales reached ~95,000 vehicles units. This reflected a sharp drop of ~14.9% YoY (year-over-year).
Most auto companies are investing in software to create-self driving vehicles and ride-hailing and sharing services. Of course, these automakers will have to compete against the cash spend from Uber Technologies Inc., which has been valued at $120 billion. What Does This Do for Nvidia?
Its second-quarter automotive revenue was slightly higher than analysts’ estimate of $35.8 billion. A 10% YoY (year-over-year) fall in Ford’s global wholesale volumes affected its automotive revenue in the second quarter despite an overall favorable product mix, net pricing, and foreign exchange. Now let’s take a look at what analysts are estimating for Ford’s third-quarter revenue.
According to the data compiled by MarkLines Data Center, Toyota (TM), the largest Japanese automaker, reported a solid YoY (year-over-year) increase of 17.7% in its September China sales to ~140,000 vehicle units. In August, the company’s Chinese market sales rose 22.6% YoY to 133,000 units. In comparison, Toyota’s US sales fell by 10.4% YoY to 203,098 units in September, still much higher than its Chinese market sales.
The sheer cost and technological burden of developing self-driving cars, electric vehicles and other advancements has companies that have historically been fierce competitors becoming, at the very least, frenemies. They're forming new alliances, joint ventures and agreements to help develop and build new technologies that may take years to get to market and even longer before turning a profit.
From Ford to Volkswagen, automakers are forming new alliances on new technologies that may take years to get to market and even longer before turning a profit. Volkswagen is spending $40 billion to develop autonomous and electrified vehicles through 2022. Ford F this week announced plans to expand its work with Mahindra Group MAHM-IN , one of India's largest car companies, to find ways to collaborate on advanced powertrains, connected car technologies and even new vehicles.