|Bid||33.43 x 21500|
|Ask||33.80 x 1000|
|Day's Range||33.50 - 34.68|
|52 Week Range||33.44 - 46.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.52 (4.21%)|
|1y Target Est||N/A|
An 8-inch lift kit suitably jacks the Goliath skyward, and an "all-new rear suspension system" joins a whole 'nother axle at the rear to provide the requisite 6x6 capability. Hennessey plans to build 24 of these six-wheeled beasties, and each of them will start at $375,000 (including the cost of the donor Silverado).
Automakers sought flexibility while environmental groups blasted the Trump administration's proposal to roll back fuel economy standards at a public hearing on the plan in the industry's backyard. At the hearing Tuesday in Dearborn, Michigan, home to Ford Motor Co. and just miles from the General Motors and Fiat Chrysler home offices, industry officials repeated two themes: They'll keep working to make cars and trucks more efficient, but they may not be able to meet existing standards because people are buying more trucks and SUVs. Environmental groups, though, urged the government to scrap its plan to roll back the standards and instead keep in place the ones that were reaffirmed in the waning days of the Obama administration.
Co. is proving to be harder than expected for bankruptcy claimants who say their cars declined in value because of faulty ignition switches. U.S. Bankruptcy Judge Martin Glenn has rejected a proposed settlement in the auto maker’s chapter 11 proceedings between car buyers and an independent trust handling old bankruptcy claims. Had the deal been approved, GM would have been a step closer to making a nine-figure contribution of stock to the independent trust for distribution to unsecured creditors.
Ford stock has fallen in five of the first eight months of 2018. According to the Bangkok Post, the South Bangkok Civil Court in Thailand “ordered Ford Sales & Service (Thailand) to pay 291 car owners for substandard vehicles in the country’s first class-action ruling” last week. The joint lawsuit was filed by owners of Ford “Fiesta and Focus models produced in 2011” due to a problem involving the car’s PowerShift transmission.
In 2018 so far, Harley-Davidson (HOG) has fallen ~10.7% as of September 20. In comparison, auto stocks (FXD) Honda Motor Company (HMC), Ford Motor Company (F), and General Motors (GM) have fallen 10.2%, 20.6%, and 12.0% year-to-date, respectively.
In the week ended September 21, Ford (F) stock settled at $9.85 with a 4.2% weekly gain. The rise was Ford’s highest weekly gain in the last 21 weeks, and it has witnessed positive movement in the last two weeks. In the previous week, Ford rose by 1.9%. As of September 24, the company’s stock has seen 22.4% value erosion in 2018 so far. In comparison, industry peers (IYK) General Motors (GM) and Tesla (TSLA) have fallen 15.2% and 3.7% YTD, respectively, while Fiat Chrysler (FCAU) has risen by 2.6% YTD.
As of September 20, Ferrari (RACE) stock has risen ~31% YTD (year-to-date), outperforming all other automakers. RACE has outperformed legacy auto companies and the broader market for the last two years in a row.
To understand the hopes that tech moguls harbour in relation to autonomous vehicles, think of them as smartphones with wheels. In China, Audi, Daimler and BMW have bowed to the government’s demands that they use Chinese software in their self-driving cars. Already, a modern car is powered by as many lines of code as a flight control system, according to a study by McKinsey.
Last week, the broader market traded on a slightly mixed note due to uncertainties related to a global trade war. In the third week of September 2018, the S&P 500 benchmark (SPY) largely remained mixed and inched up 0.8%. President Donald Trump’s recent decision to impose 10% tariffs on another $200 billion of Chinese goods could be the key reason for investors’ mixed sentiments.
As we discussed in the first part of this series, AutoZone’s (AZO) fiscal fourth-quarter earnings received a mixed reaction from investors. Its stock fell 2.0% on the day of its earnings release before showcasing a recovery in the next session.
Bryan Salesky has been entrusted with $1 billion by Ford Motor Co. and given a mission to bring the pioneering American automaker into the age of driving robots. It becomes top of mind when Salesky looks down at the floor. “It’s not like I lined the place with marble,” Salesky says as he walks through Argo AI’s Ford-funded offices, spread across two floors of a new building in a hip section of Pittsburgh.
Most people think of investing as buying stocks and bonds. The more adventurous might think about a real estate investment trust (REIT). Also, some people consider buying stocks of mining companies or investing in a metals exchange-traded fund (ETF) as a way to invest in gold, silver, platinum and other metals. There are alternative investment opportunities.
Tesla (NASDAQ:TSLA) has been all over the map, forcing investors to focus on seemingly everything except the automaker’s production. Tesla stock has been as volatile as ever, thanks to concerns over CEO Elon Musk, the Justice Department and whether the company is going private. One must wonder where TSLA stock price would be trading had Musk not said anything about “considering” taking Tesla private at $420 per share shortly after the company reported its second quarter earnings.
FRESNO, Calif. (AP) — California officials demanded Monday that the Trump administration back off a plan to weaken national fuel economy standards aimed at reducing car emissions and saving people money at the pump, saying the proposed rollback would damage people's health and exacerbate climate change.
The latest version of the heavily armored U.S. presidential limousine known as "The Beast" is making its debut in New York City this week. The custom-built Cadillac produced by General Motors Co (GM.N) appeared for the first time in public on Sunday -- along with an identical version that travels in the motorcade -- when it ferried President Donald Trump around New York ahead of this week's United Nations General Assembly meetings. The previous version of the limo first appeared in January 2009 just before Barack Obama took office.
Toyota Motor Corp. (TM) is the world's largest automaker with a market capitalization north of 200 billion, greater than Ford (NYSE:F), General Motors (GM) and Honda (HMC) combined. It sold 10.4 million units in the last fiscal year under brands that include Lexus, Daihatsu, Hino and its namesake Toyota. The company has close to 50% of the market share in Japan, yet just 14% here in the U.S. The company also owns nearly 25% of parts supplier Denso, an impressive organization in its own right with $48.1 billion annual sales turnover.
General Motors Co. and Google couldn’t be more different. GM musters an army of people and machines to produce the 10 million cars it sells each year. What Google makes doesn’t really exist: You type on a laptop or click play on a YouTube video, and Google zips back bits of digital information.
In 2017, Toyota Motor’s (TM) global sales volumes were in third place in the world after Renault–Nissan–Mitsubishi Alliance and Volkswagen (VLKAY). Let’s take a quick look what analysts are recommending for Toyota in September.
In the previous part of this series, we looked at AutoZone’s (AZO) profitability and factors that drove it in its fiscal fourth quarter. AZO’s gross profit margin was better than auto parts retailers (FXD) Advance Auto Parts (AAP) and O’Reilly Automotive (ORLY) in their recently reported quarters. AZO has risen 6.0% YTD (year-to-date) while AAP and ORLY have seen 70.1% and 42.6% YTD gains, respectively. Meanwhile, Ford (F) and General Motors (GM) have lost 20.8% and 12.8% YTD, respectively.
As we discussed previously, President Trump announced a 10% tariff on $200 billion worth of Chinese goods last week. The tariffs would increase to 25% by the end of the year. In a letter, Walmart (WMT) said, “Walmart and our suppliers will pay the cost of increased duties, which are simply taxes levied on products at the border.
According to Bloomberg’s tracker, Tesla’s Model 3 production rate was estimated at 3,274 units per week as of September 21. The company also aims to increase its Model 3 production to 6,000 units per week “by late August.” Moreover, TSLA has suggested that “the majority of [its] production lines will be ready to produce” about “10,000 Model 3s per week” by the end of 2018. Tesla’s ability to achieve these goals should continue to be in investors’ focus in the fourth quarter.
One of the largest sources of greenhouse gas emissions is the internal combustion engine. The trend away from traditional engines is clear, though it’s harder to discern who will win the electric vehicle race.