|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||34.07 - 34.27|
|52 Week Range||27.05 - 37.29|
|PE Ratio (TTM)||6.28|
|Forward Dividend & Yield||0.94 (2.67%)|
|1y Target Est||39.88|
With the manual transmission becoming less common as time goes on, there are fewer opportunities to learn how to use it and subsequently order a car with one. In response to this, Honda hosted an experience in the Los Angeles area near Angeles Crest Highway called "Shifting Gears." There Honda brought out a bunch of its own manual-equipped cars to teach people how to use a manual transmission.
By pivoting away from supplying key parts to GoPro, Inc. (NASDAQ:GPRO) to designing the “computer vision” chip (or “CV1”) for the automotive computing market, Ambarella has the potential for explosive growth. Ambarella’s revenue from GoPro peaked two years ago in fiscal year 2016 when its contribution to revenue totaled $96 million. Without the hype of GoPro, the fading fad of the action camera-maker forced Ambarella to target other markets.
In order to generate new opportunities, Group 1 Automotive (GPI) acquires a new Toyota sales territory and expands its existing Honda dealership in Sao Paulo, Brazil.
Getting rid of CFPB guidance could hurt certain groups of car buyers, advocates sayUniversal/Courtesy of Everett CollectionWhite drivers get better financing options than nonwhite ones, some consumer advocates allege. Republicans want to roll back regulations on auto loans, and consumer advocates say the changes could open the door to discrimination against black and Latino borrowers. Senator Pat Toomey, a Republican from Pennsylvania who is on the U.S. Senate Banking Committee, said this week the committee plans to repeal the Consumer Financial Protection Bureau’s guidance on auto lending that was meant to prevent lenders from giving non-white borrowers more expensive auto loans.
With an aim to generate strong positive operating cash flow in the second half of 2018, Tesla (TSLA) sets a new Model 3 production target of 6,000 units per week.
One of the signs that smaller displacement turbocharged engines are here to stay is that Honda is rapidly adopting them. It didn't fit a turbo engine to a Civic Type R until 2015. It tried a turbo on the first-generation RDX about 10 years ago, but it never spread to other North American Honda models, and was even discontinued.
China is scrapping a limit on foreign ownership of automotive ventures, representing a major shift from policy in place for more than two decades, even as trade tensions simmer between Washington and Beijing.
According to Reuters, of the 21 analysts covering Honda (HMC) on April 11, 2018, ~62% recommended “buy” and 38% recommended “hold.” There were no “sell” recommendations. About ten days ago, 57% of analysts were recommending “buy.”
According to Reuters, of the 22 analysts covering Toyota (TM), 45% have recommended “buy,” 50% were cautious and recommended “hold,” and 5% recommended “sell.” Analysts’ 12-month target price for Toyota’s ADRs (American depositary receipts) was $133.22, reflecting a 4.2% upside potential based on its market price of $127.81. This potential is not as large as General Motors’ (GM) and Ford’s (F) 37.5% and 14.4% upside potential. Over the last ten days, analysts’ target price for TM has fallen to $138.29 from $138.29.
General Motors (GM) announces that it is laying off around 1,500 workers at the Ohio plant. The demand for sedans declines steeply in recent times.
China announced plans to scrap foreign ownership limits on autos by 2022. Yahoo Finance’s Seana Smith, Rick Newman and Dion Rabouin discuss.
Tesla CEO Elon Musk is blaming robots and automation – in part – for the delays in production for the Tesla Model 3. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Melody Hahm discuss how more humans could improve Tesla production.