|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.5300 - 4.6900|
|52 Week Range||2.5700 - 4.8200|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 27, 2020|
|1y Target Est||N/A|
However, Mazda will fully leverage available inventory to minimize the hit to about 70,000 wholesale units, it said in a statement. The worldwide shift to remote work and learning during the pandemic had boosted demand for laptops and other gadgets, exacerbating a global chip shortage.
For the first time, Mazda Motor Corp (OTC: MZDAF) topped Consumer Reports’ annual ranking of automaker brands, while Tesla (NASDAQ: TSLA) wound up in 16th place. What Happened: The magazine stated its ratings were based on a number-crunch of “predicted reliability, and owner satisfaction based on member surveys, and CR’s hands-on analysis.” Safety features and crash test scores were also factored into the judging. The newly released 2021 Brand Report Card raised Mazda’s ranking three spots from last year’s list. Jake Fisher, senior director of automotive testing for Consumer Reports, praised the Japanese automaker for “putting out very desirable vehicles that drive very well.” Bayerische Moteren Werke AG (OTC: BAMXF), better known as BMW, Subaru Corp (OTC: FUJHF), Porsche Automobile Holding (OTC: POAHY) and Honda Motor Co Ltd (NYSE: HMC) took the remaining spots in this year’s top-five rankings. Among the list’s bottom dwellers were Alfa Romeo, owned by Stellantis NV (NYSE: STLA); with Land Rover, owned by Tata Motors Limited ADR (NYSE: TTM); Mitsubishi Corp (OTC: MSBHF); Jeep, also a Stellantis brand, and Lincoln, owned by Ford Motor Company (NYSE: F). New On The List: For only the second time since Consumer Reports began publishing its list, two brands cracked the top 10: Chrysler, owned by Stellantis, in eighth place, and Buick, owned by General Motors Company (NYSE: GM) in ninth place. Both brands moved up five spots from the 2020 rankings. Last year’s top-ranked U.S. brand, Tesla, fell five spots this year to a 16th place ranking, with Consumer Reports explaining Elon Musk’s company was “dragged down by reliability issues with the Model S, Model Y, and Model X.” However, the Tesla Model 3 scored a “Recommended” label from Consumer Reports. (Photo courtesy Mazda Motor Corp.) See more from BenzingaClick here for options trades from BenzingaPfizer, BioNTech Begin Global Clinical Study Of COVID-19 Vaccine In Pregnant WomenDonald Glover Lands Reported Eight-Figure Deal With Amazon© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
(Bloomberg) -- Speculation that Apple Inc. is seeking a partner to develop its own electric vehicle swept through South Korea and Japan, where shares of major car companies climbed on reports of discussions with the maker of the iPhone.Kia Motors Corp. is talking to potential partners about a plan to assemble an Apple-designed car, the Wall Street Journal reported Friday. Separately, the Nikkei newspaper said Apple was in discussions with at least six automakers. Conjecture around Apple’s secretive project to design and sell its own car re-emerged in December after a hiatus of several years, with Kia’s part-owner Hyundai Motor Co. mentioned as a potential partner.The key question is how serious Apple is about taking on Tesla Inc. and other electric-vehicle makers, and whether it has determined it will need a established manufacturer to be able to roll out its own product. The Cupertino, California-based company is said to have a small team of engineers developing drive systems, as well as designers, but with development work at an early stage, any roll out probably won’t happen for another five years.Read more: Apple Self-Driving Electric Car Is at Least Half a Decade AwayTatsuo Yoshida, a senior analyst at Bloomberg Intelligence, said that Japanese automakers are usually too busy with their own development, manufacturing, sales and customer service to take on a task like working with Apple. However, Nissan Motor Co. or Mitsubishi Motors Corp. “don’t have much work, and are somewhat idle, so they might sign up,” he said.When asked if they were approached, Honda Motor Co. and Mazda Motor Corp. said they couldn’t comment, the Nikkei said. Mitsubishi Motors said it was not contacted and Nissan declined to comment, according to the report. Subaru Corp.’s chief financial officer said on an earnings call that he hadn’t heard anything about an Apple car.Kia shares rose 1.5% in Seoul, adding to gains from earlier this week on a local media report that Apple would invest 4 trillion won ($3.6 billion) as part of a collaboration with the automaker on making EVs. In December, Hyundai backed away from a statement that said it was in talks with Apple.Read more: How Apple Can Tackle $230 Billion Luxury Car Market: Alex WebbThe Journal reported a deal between Apple and Kia will involve a multibillion-dollar investment, with assembly to take place in the state of Georgia. This week, CNBC reported that Apple is close to finalizing a deal with Hyundai-Kia to build an autonomous EV at Kia’s U.S. plant. No agreement has been reached, but they are tentatively scheduled to go into production in 2024, the news channel said.A representative for Kia declined to comment.Hyundai has developed a new EV-dedicated platform, and plans to build 23 EVs, beginning with the Ioniq 5 in March in Europe, followed by a Kia model later this year. EVs made on the platform will be able to charge up to 80% capacity in 18 minutes and add as much as 100 kilometers (62 miles) of driving range in just five. They’ll have a top range of 500 kilometers on a single charge. Hyundai is aiming to sell 1 million cars by 2025.Read more: Why Building an Electric Car Is So Expensive, For Now: QuickTakeIn Japan, the report fueled gains among automakers, which in turn boosted the benchmark Topix, with Toyota Motor Corp., Mitsubishi Motors, and Nissan rising. Mazda shares also jumped 19%, the most in 12 years, after the company boosted its operating income forecast for the full year.Among Japan’s carmakers, Nissan probably has the right solution for a non-automaker seeking to enter the EV market. The Japanese automaker has developed with French partner Renault SA a common EV platform that can be used by to develop distinct, branded products for their global automaking alliance, which also includes Mitsubishi Motors.Nidec Corp., a major Japanese supplier of electric motors, is also seeking to offer nearly complete EV platforms. Jun Seki, the company’s chief operating officer, said in a recent interview that new entrants in the sector would prefer to focus on a vehicle’s interior and styling.Read more: The World’s Top Maker of Mini Motors Bets It Can Win Over Tesla“Any new company entering into the realm of electric vehicles is a chance for us,” Seki said. “Our expectations of Apple are quite high. Apple is our important customer in other fields as well.”(Updates shares throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.