|Bid||0.00 x 1300|
|Ask||0.00 x 900|
|Day's Range||35.01 - 35.79|
|52 Week Range||30.56 - 45.52|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||68.49|
|Earnings Date||Feb 6, 2019|
|Forward Dividend & Yield||1.52 (4.16%)|
|1y Target Est||44.85|
Buick is planning a refreshed version of its LaCrosse full-size sedan for the Chinese market, judging by these photos discovered by the site Auto Verdict on a Chinese government site used to certify upcoming new models.
For the better part of the past 40 years, design work has mostly been done by machines—from wind tunnels to computers—as manufacturers have struggled to meet fuel-economy standards and safety regulations. The first, and probably last, of the American dream machines were created by the great Harley Earl. From the 1920s to the 1960s, Earl conjured up compelling designs that put Motor City on the map and left the public eager for the next year’s models.
Ford Motor Company (F) sold about 58,204 vehicle units in China in October, which suggests a massive drop of about 45% from October 2017. In September, the company’s Chinese sales were higher than October at 64,383 vehicle units, but they fell 43% YoY (year-over-year). Ford’s Chinese market sales fell ~31% YoY to 642,593 units in the first ten months of 2018.
September was the fourth consecutive month and the fifth month in 2018 so far when China’s vehicle sales dropped year-over-year. They fell 11.1%, 4.0%, 3.8%, and 11.6% year-over-year in February, July, August, and September, respectively. Many observers have partly blamed high tariffs on US-manufactured vehicles in China for the weakness in China’s sales.
On November 14, Warren Buffett’s Berkshire Hathaway revealed in its 13F filings that the company added more General Motors (GM) shares to its portfolio. In the third quarter, Berkshire Hathaway bought ~1.06 million shares of the largest US automaker (XLY) after adding ~1.4 million shares in the second quarter. Berkshire Hathaway’s total stake reached 52.46 million shares in the third quarter—compared to 51.39 million shares in the second quarter.
Inteva Products LLC announced plans to expand its engineering technical center in Vandalia, investing $33 million in a research and development facility and adding 35 new jobs.
Moody's Investors Service ("Moody's") has assigned definitive ratings to the notes issued by GMF Canada Leasing Trust Series 2018-1 (GC0LT 2018-1). Moody's expected median cumulative net credit loss expectation for GCOLT 2018-1 is 0.50% and the Aaa level is 21.50%.
In the previous part of this series, we discussed how Wall Street analysts rate the top two US auto giants—Ford (F) and General Motors (GM). Analysts’ next 12-month consensus target price for Ford reflects a minor upside potential of only 3.7% from its market price.