|Bid||39.67 x 3200|
|Ask||39.68 x 800|
|Day's Range||39.57 - 40.10|
|52 Week Range||30.56 - 45.00|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||7.16|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||1.52 (4.10%)|
|1y Target Est||47.50|
GM has quietly discontinued the turbocharged 2.0-liter four-cylinder engine found as an option in the Chevrolet Traverse, leaving the 3.6-liter V6 as the lone engine for the midsize SUV. The news comes via GM Authority, which says the change was effective for the mid-2019 model year. GM has developed a new version of the engine, this time a 2.0-liter inline-four with a twin-scroll turbocharger that makes 237 hp and 258 lb-ft of torque and can deactivate two of its four cylinders in order to conserve fuel.
When we posted on Buick unveiling the Encore GX at Auto Shanghai 2019 as a longer-wheelbase version of the Encore, we though the GX trim could supplant our local Encore. According to Automotive News, citing "sources familiar with the plans," Buick will sell both the Encore and the Encore GX here. Brand boss Duncan Aldred told Buick dealers in January to expect a new model this year, and it appears the slightly larger subcompact crossover is that product.
These Auto Companies Are Set to Release Earnings This Week(Continued from Prior Part)Auto stocksThis month, most auto stocks have outperformed the broader market. Amid ongoing US-China trade negotiations, high expectations from the auto
Despite the bullish speeches at the New York auto show, there's a sense of growing concern among industry leaders and analysts.
LKQ's acquisitions fortify its footprint. However, frequent buyouts along with escalating expenses might dent the company's first-quarter earnings.
Higher transaction price per vehicle is likely to drive Ford's (F) first-quarter 2019 earnings. However, loss-making European businesses and steep costs are concerns.
Tesla (NASDAQ:TSLA) is all but assured to report a loss Wednesday when it releases its first-quarter results. Unless Elon Musk can pull a rabbit out of his hat, TSLA stock could look expensive in the wake of the resultsSource: Mike Lau via Flickr (Modified)InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow don't get me wrong, I would love to see Musk deliver the unexpected, since I'm a longtime fan of both TSLA and Musk. However, given the fact that the company has a $920 million bond payment due during the quarter and Musk's already said that it would lose money in Q1, only super-positive guidance for the remainder of the year will keep TSLA stock from losing another $20-$30 in the wake of the results. * 7 Healthy Dividend Stocks to Buy for Extra Stability Right now, the big concern for the owners of TSLA stock is cash flow, a subject that previously became less pressing due to the profits the company reported for Q3 and Q4 of last year. After TSLA reports a Q1 loss, those shorting TSLA stock will be back with a vengeance. A New Cash Crunch for Tesla StockTSLA finished 2018 with free cash flow of -$2.9 million, a significant improvement from the -$3.5 billion it generated in 2016. After the company's two consecutive quarters in the black, optimism grew that Tesla had put its cash crunch behind it. No such luck.I doubt whether things will get anywhere near as bad for TSLA stock as they were in 2017, but the bond payment will take a bite out of the $3.7 billion in cash it had on its balance sheet at the end of December. So, too, will the capital expenditures required to build its Shanghai factory. With Tesla committed to spending $2.5 billion in 2019, about $180 million higher than 2018, but well below the $4.1 billion it spent in 2017, it's unlikely that its China Gigafactory will be built this year. But there is some positive news for TSLA stock. Fiat Chrysler's PayoffIn early April, Fiat Chrysler (NYSE:FCAU) announced that it would partner with Tesla to lower FCAU's average emissions output in Europe so it can meet stringent EU regulations set to take effect in 2021. The Financial Times suggests that TSLA will make "hundreds of millions of euros" from the deal because Fiat Chrysler can't afford any more settlements like the $800 million it agreed to pay the Department of Justice for its use of software to fudge its emissions numbers. That got me thinking.FCAU's late CEO, Sergio Marchionne, always wanted Fiat Chrysler to merge with one of the more prominent car companies like General Motors (NYSE:GM). Now others are reportedly considering merging with FCAU. Current Fiat CEO Mike Manley doesn't have a problem with an automotive marriage, but any deal will have to be good to win FCAU's approval because it's got more than enough financial might to remain independent. FCAU, which is in the process of selling its components business for $7 billion, finished 2018 with 3.8 billion euros in net cash on its balance sheet and 4.6 billion euros in free cash flow. On the surface, it might not seem to make a lot of sense for FCAU to buy a company burning through cash as quickly as TSLA is. However, since Fiat Chrysler's behind in the electric-car game, TSLA stock is cheap and about to get cheaper, and FCAU already has to rely on Tesla to pass the EU emissions test, why wouldn't FCAU solve its electric-vehicle problem now as opposed to waiting until 2021 and beyond?The biggest impediment to the deal is that both companies have a very large shareholder -- Tesla 's Musk and Fiat Chrysler's Agnelli family -- so any agreement would have to be blessed by both of them. "The Agnelli family's history with Fiat goes all the way back to the founding of the company. They are very leery about giving up control, which makes joint-ventures where they are not the lead difficult to imagine," Sam Fiorani, vice president of global vehicle forecasting for AutoForecast Solutions said recently. I'm sure Elon Musk would be equally reluctant to merge, lowering the chances of my suggestion becoming reality. The Bottom Line on TSLA StockI will continue to sing the praises of TSLA until I feel it's no longer innovating. That, thankfully, has yet to happen. Next week, when Tesla announces its weak earnings, remember that the company is a success story 14 years in the making. It's not that easy to kill Tesla. If you're long TSLA stock, I'd buy a little more on weakness following the Q1 results. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post This Possible Scenario Would Be a Big Catalyst for Tesla Stock appeared first on InvestorPlace.
Ally Financial Inc.'s retail division is growing rapidly — increasing total deposits by 16% year over year in the first quarter and adding about 120,000 customers.
The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. The ITC report is a crucial step in the push for Congress to consider ratification of the U.S.-Mexico-Canada Agreement, which was signed by President Donald Trump and the leaders of the other two countries last year to replace the 25-year-old North American Free Trade Agreement. The report estimates that annual U.S. real gross domestic product would increase by 0.35 percent, or $68.5 billion, on an annual basis compared to a NAFTA baseline, and would add 176,000 U.S. jobs, while raising U.S. exports.
General Motors Co's top executive, Mary Barra, received a compensation package worth just under $22 million in 2018, slightly less than the previous year, according to the No. 1 U.S. automaker's proxy statement released on Thursday. GM also said two members of the board of directors - former chairman of the joint chiefs of staff, retired Admiral Michael Mullen and the former CEO of ConocoPhillips , James Mulva - will not stand for re-election. GM and the rest of the auto industry are facing an expected decline in U.S. demand this year, slowing sales in the world's largest auto market in China and potential costly tariffs that could be imposed by the administration of U.S. President Donald Trump as it negotiates new trade deals with China, Europe and Japan.
The Trump administration on Thursday estimated that its new North American trade deal will create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the pact's new regional content rules. The forecasts from the U.S. Trade Representative's office were released ahead of an independent trade panel's hotly anticipated analysis that economists expect to show little or no U.S. gains from the new U.S.-Canada-Mexico Agreement. A USTR official told reporters that the jobs and investment estimates are based on plans disclosed by automakers to the trade agency for compliance with the new agreement's tighter rules of origin.
Global Economic Indicators Paint a Mixed PictureRetail sales According to the US Department of Commerce, US retail sales soared 1.6% in March compared to February, their highest pace of growth since September 2017. Another encouraging piece of news
The 2020 Lincoln Corsair compact crossover has just been introduced at the New York Auto Show. It replaces the aging MKC and will be facing a competitive market, one that already has a fresh American rival.
Increased sale of trucks and SUVs is likely to drive Ford's (F) revenues in first-quarter 2019. However, escalating costs are concerning.
Product portfolio expansion to aid Harley-Davidson (HOG) in first-quarter 2019 earnings. However, the shift in customer preference for motorcycles is likely to adversely affect quarterly results.
Tesla's (TSLA) vehicle production and delivery numbers decline 10.9% and 31%, respectively, on a sequential basis in first-quarter 2019. This is likely to impact its quarterly results.
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
GM Cadillac President Steve Carlisle said that Cadillac would expand its network of dealers to 500 in China by 2025. The U.S. automaker will launch a new product every 6 months for the next 3 years in China, Carlisle said at a Bank of America Merrill Lynch conference.