|Bid||27.25 x 2200|
|Ask||27.80 x 1800|
|Day's Range||27.57 - 27.80|
|52 Week Range||25.30 - 34.78|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||4.78|
|Forward Dividend & Yield||0.99 (3.63%)|
|1y Target Est||32.81|
Some of the problematic air bags do not inflate during a crash, and could be responsible for as many as eight deaths.
Electric vehicle maker (TSLA)hosted an analyst event Monday to discuss its autonomous driving technology. After all, Tesla (ticker: TSLA) makes batteries, solar panels, and charging stations, not to mention the autonomous computing technologies on display Monday. There is another car company that makes autonomous driving technology too.
Learn about the most critically important financial ratios that investors and market analysts use to evaluate companies in the automotive industry.
MARYSVILLE, Ohio (AP) — Honda is slowing production of Accord and Civic cars as U.S. buyers continue to favor SUVs and trucks.
SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month. The extent of those investments, based on a Reuters analysis of publicly available data and interviews with a dozen sources familiar with SoftBank's investment strategy, has not previously been reported. Key partners in Son's quest are Uber, the U.S. ride services leader, and Japan's Toyota Motor Corp.
Honda Motor Co Ltd's sales in China are likely to catch up with its sales in the United States within two to three years and the firm would like them to eventually overtake U.S. sales, the company's chief executive said on Friday. Takahiro Hachigo made the comments to a small group of reporters after the official opening of a new plant in Wuhan, which has boosted the Japanese carmaker's China production capacity to 1.2 million vehicles a year. Hachigo said that the catch-up could happen "soon", later clarifying to Reuters that he was referring to a two-to-three-year period.
Honda Motor Co Ltd's sales in China are likely to catch up with its sales in the United States within two to three years and the firm would like them to eventually overtake U.S. sales, the company's chief executive said on Friday. Takahiro Hachigo made the comments to a small group of reporters after the official opening of a new plant in Wuhan, which has boosted the Japanese carmaker's China production capacity to 1.2 million vehicles a year. "We would like China sales to overtake the U.S.," he said, adding that the company did not expect U.S. sales to increase significantly.
At next week's 2019 New York International Auto Show, Acura will reveal a pair of new models, the 2020 TLX PMC Edition and MDX PMC Edition Prototype. The duo will be limited-run models that get final assembly at Honda's Performance Manufacturing Center (PMC) in Marysville, Ohio, along the same production line as the Acura NSX. The TLX PMC Edition goes on sale this summer with a starting price of around $50,000.
Honda's luxury brand Acura is recalling more than 360,000 SUVs worldwide because water can get into the tail lights and make them go dark. The recall is mostly in North America and covers the MDX from ...
Jaguar Land Rover (JLR) shut its UK plants on Monday for five days over Brexit, adding to other shutdowns to leave at least half the country's car production off-line in what could be a pivotal week for Britain's divorce from the EU. The move was intended to prepare for any Brexit-related disruption at Britain's biggest carmaker, which on Monday also reported a fall in global sales. Automotive firms face several possible risks under a disorderly Brexit, including delays to the supply of parts and finished models, new customs bureaucracy, the need to recertify cars and an up to 10 percent tariff on finished vehicles.
Honda has decided to end car production in Turkey following completion of the production of its current Civic Sedan model in 2021, the company said in a statement on Monday. It said it made the decision due to electrification developments in the industry globally and the need to ensure adequate production capacity. Operations in the automobile area that include vehicle imports and distribution would continue, Honda said, adding that its motorcycle operations will not be impacted by this decision.
Honda is one of the best companies at producing fun-per-dollar and fun-per-size values. Automotively speaking, Honda's Civic Si and Type R are some of the most complete cars on the market. Paring down to two wheels, Honda has the Grom, a 125cc single-cylinder mini motorcycle that's just about as entertaining as a sport bike.
In the case of collector cars, some might take out extra insurance, some might store it away in climate-controlled facilities, and others, such as the man in this story, build a secret storage room behind a false wall in a barn. The stowed 2001 Acura Integra Type R even had posters to look at. Featured by BarnFinds.com, this Type R is for sale in Canada via eBay for C $39,999.99, or about $30,000.
General Motors Company (GM), Toyota Motor Company (TM), Nissan Motor Co. (NSANY) and other auto giants in the United States release sales figures. The sales trajectory persistently declines.
The era of car ownership is over. For the past fifty years, the American dream has included putting a car in every garage, with the goal of equipping every individual with modern transportation. But, modern transportation is rapidly evolving, and that means the American dream is rapidly changing, too.The goal is still to equip everyone with modern transportation. But, personal car ownership isn't the only means of achieving that goal anymore. Now, thanks to technological advancements, smartphone proliferation and the rapid rise of ride-hailing (or ride-booking) services, Americans don't need a car to get around anymore. Instead, they can rely on ride-hailing and car-booking services for nearly all of their transportation demands.That is largely why car ownership rates have plateaued around 91% of American households for the past decade, versus a trend of consistent car ownership rate increases over the prior half-century.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis shift in trend is still in its early stages. Ride-hailing is only growing in popularity and access. Technology is only getting better at improving consumer outcomes in the ride-hailing space. The need to own a car is becoming smaller and smaller. Populations are becoming increasingly urban-centric. Personal car ownership costs are only rising, as are the traffic delay problems associated with having too many cars on the road.Consequently, it increasingly appears like we are in the early stages of a secular decline in car ownership rates. That's a big deal. For the past fifty-plus years, the trend in car ownership rates has been up. For the next fifty-plus years, the trend will be down. The financial implications of this unprecedented pivot are huge. * 8 Best Stocks to Buy for an April Rally How can investors best play this trend? Let's take a closer look at three potential trades to play the huge car ownership rate reversal trend over the next several years: Trades to Play the End of Car Ownership: Long Ride-Hailing CompaniesSource: Shutterstock Stocks to Buy: Lyft (LYFT), Uber (UBER)The most obvious way to play a secular decline in car ownership rates is to buy the stocks of the companies directly responsible for this trend shift. That includes freshly public ride-hailing company Lyft (NASDAQ:LYFT), and its larger, soon-to-be-public peer Uber.Broadly speaking, these two companies are pioneering what is known as the TaaS, or Transportation-as-a-Service, market in North America. At scale, the TaaS market is supposed to make owning a car antiquated, much like the SaaS market made owning on-premise software antiquated, through providing a wide variety of transportation services via an army of drivers to the masses. Importantly, Uber and Lyft are the only two relevant players in this market, and together control 98% of the U.S. ride-hailing market.Right now, this market comprises providing car transportation services for humans trying to get from point A to point B. Naturally, as car ownership rates fall, reliance upon and usage of these services will grow by leaps and bounds. But, that's just the tip of the iceberg with respect to what Uber and Lyft can do with an army of drivers and programmers. They can tap into logistics (delivering packages from point A to point B) and last mile transportation (scooters and bikes), among other things.Thus, the aggregate opportunity for Lyft and Uber over the next several years as car ownership rates drop is immense, and competition outside of these two giants is essentially zero. That's why buying LYFT and Uber stocks for the long run makes sense. Short Traditional Auto GiantsSource: Shutterstock Stocks to Sell: General Motors (GM), Honda (HMC), Toyota (TM), Fiat Chrysler (FCAU)Another obvious way to play a secular decline in car ownership rates over the next several years is to short the traditional automotive manufacturing sector, since the biggest tailwind which has supported robust growth across this industry over the past half-century (rising car ownership rates) is about to turn into a headwind (falling car ownership rates).Over the past half century, the percentage of no car households in the U.S. has dropped from above 20% to below 10%. But, over the past decade or so, the percentage of no car households has plateaued around 9%, and is actually showing signs of starting to move higher. The implication of lower household car ownership rates means lower total vehicle sales in the U.S. We are already seeing this. Although car sales have bounced back from the Recession, total vehicle sales per capita remain well off where they were for most of the 2000s.Further, traditional auto giants like General Motors (NYSE:GM), Honda (NYSE:HMC), Toyota (NYSE:TM), and Fiat Chrysler (NYSE:FCAU) are facing stiff competition from new electric vehicle entrants like Tesla (NASDAQ:TSLA). As the EV trend continues to gain traction over the next several years, this competition will only get stiffer, and traditional auto giants will lose more market share. * 7 Biometric Stocks to Watch as AI Rises Click to EnlargeAll in all, the outlook for traditional auto giants isn't great. For the most part, these are companies that are losing market share in a shrinking auto market. That's a bad combination, meaning that short traditional auto stocks could be a good trade over the next several years as car ownership rates drop. Long Ride-Booking Related CompaniesSource: Shutterstock Stocks to Buy: GrubHub (GRUB), Postmates (POSTM), Doordash (DOORD)A less obvious way to play a forthcoming car ownership rate reversal trend is to buy the group of stocks that provide ride-booking related services that will see higher demand in a world with lower car ownership rates.Broadly, this is the class of stocks that provide ride-hailing services in logistics and includes GrubHub (NYSE:GRUB) and soon-to-be-public companies like Postmates and DoorDash. As car ownership rates drop, and less and less consumers own a car, they will rely more heavily not just on Uber and Lyft's ride-booking services, but also on GrubHub and DoorDash's delivery services, too. Consequently, a drop in car ownership rates provides a healthy usage tailwind for these delivery-focused stocks.Further, much like ride sharing, delivery is in the first inning of a massive growth narrative. According to Morgan Stanley numbers, gross food sales in the U.S. restaurant industry measured around $220 billion in 2017, and the digital delivery penetration rate was just 7%. That's very low. In the home goods sector, the online sales penetration rate is 13%. In apparel and consumer electronics, it's right around 30%. Thus, the runway for growth through further gains in digital penetration is quite long.Overall, online delivery stocks are big winners if/when car ownership rates start dropping over the next several years.As of this writing, Luke Lango was long TSLA and GRUB and may initiate a long position in LYFT within the next 72 hours. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: A Close Race at the Front * 15 Stocks to Buy Leading the Financial Charge * 7 Stocks From Around the World That Beat U.S. Stocks Compare Brokers The post 3 Trades to Play the End of Car Ownership appeared first on InvestorPlace.
The U.S. auto industry saw a rough start to 2019 with a slowdown in the first quarter given higher interest rates, rising vehicle prices and threat of global slowdown.
Some of the top-selling car brands in the United States are Japanese — Toyota, Honda, and Nissan especially. But the reverse isn't true – General Motors, Ford, and Fiat Chrysler combined make up only 0.3% of the Japanese auto market. With strict regulations, strong local manufacturing, and a particularly Japanese way of retailing cars, the country will likely continue to be a difficult place for American automakers.