|Bid||28.04 x 800|
|Ask||28.05 x 1300|
|Day's Range||28.00 - 28.37|
|52 Week Range||26.04 - 37.29|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||4.86|
|Forward Dividend & Yield||0.91 (3.23%)|
|1y Target Est||34.44|
Cruise, the self-driving company acquired by GM in 2016, is expanding to Seattle as it seeks out more engineering talent to develop its technology. The company doesn't have any plans right now to test its autonomous vehicles in the city. Instead, GM Cruise plans to set up offices in Seattle to attract and hire between 100 to 200 engineers by the end of 2019.
According to data compiled by MarkLines Data Center, Toyota Motor (TM), the largest Japanese automaker, reported a solid year-over-year (or YoY) increase of 19.5% in its October Chinese sales to ~134,600 vehicle units. This performance was far better than Ford’s 45% YoY decline in Chinese sales for the month—down to 58,204 units, as we discussed in the previous two parts of this series. In September, TM’s Chinese sales rose 17.7% year-over-year to about 140,000 units.
Honda has finally confirmed that it has a fourth SUV coming, and it does indeed revive the Passport name, which if you don't remember used to be appended to a rebadged Isuzu Rodeo. Basically, it's going to be a shortened Honda Pilot. The bird's-eye view also shows a general grille shape similar to the wide, chrome-laden fascia of the Pilot and the Ridgeline.
The product strategy is clear. Acura is bringing back the vehicle attributes that made the brand a favorite among Gen Xers.
The Trump administration will hold off on imposing tariffs on auto imports for the time being, Bloomberg News reported Tuesday night. Trump and his top trade advisers met Tuesday to discuss a draft report by the Commerce Department on the national security implications of auto tariffs, Bloomberg reported, and agreed to hold off on tariffs at least until the report could undergo revisions. For months, President Donald Trump has threatened tariffs of up to 25% on foreign autos, and reports that they were being considered again hurt shares of foreign automakers in Tuesday trading. Japanese shares of Toyota and Honda both jumped more than 1% in early Wednesday trading following the Bloomberg report.
With a new chairman in place, it seems like Elon Musk's company could be on track to return to its status as a Wall Street darling.
The highly anticipated top-rung of the Veloster line, the 2019 Hyundai Veloster N, is on the verge of hitting dealers. And the company has finally dropped all the specifications, and perhaps most importantly, the car's official pricing that starts at $27,785.
Shares of General Motors (NYSE:GM) — and automakers in general — have been rebounding in recent weeks. The strong U.S. economy is helping drive average transaction prices higher, but the number of autos sold continues to stagnate.
On this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor Alex Kierstein and Associate Editor Reese Counts. The group discuss the Alfa Romeo Stelvio Quadrifoglio, the Mercedes-Benz CLS 450 and the Honda Clarity PHEV Alex has been driving in Seattle.
Colorado universities are pulling in record-breaking amounts of research funding, fueling research in coordination with big names like NASA, National Institutes of Health and the U.S. military. Colorado State University, meanwhile, announced a 10.8 percent year-over-year increase with $374.9 million in funding for what it calls its “research enterprise.” The school has broken the $300 million mark in research funding for 11 years in a row.
The 2019 Acura NSX makes sonorous noises behind my ear as the tachometer soars toward 7,500 rpm. My hands grip the squared-off steering wheel a bit too hard as I scrub off about 60 mph and dive into the first corner of the Transportation Research Center (TRC) dynamic handling course. This is the NSX's party trick, thanks to some magic with the suspension and all-wheel drive system on this car.
Honda brought a tidal wave of updated motorcycles to the 2018 Milan Motorcycle Show. Its 650cc four-cylinder engine makes more power and torque from higher revs, but Honda doesn't say how much. Honda shaved 11.6 pounds from the bike, and it also has a new LCD instrument panel.