|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.0500 - 4.0900|
|52 Week Range||4.0100 - 6.0500|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||7.69|
|Forward Dividend & Yield||0.19 (4.57%)|
|1y Target Est||N/A|
Mazda Motor Corp reported a 79% drop in quarterly operating profit, falling significantly short of estimates, as it continues to struggle with declining U.S. and Chinese sales, while a strengthening yen also cut into its bottom line. Operating profit at Japan's No.5 automaker was 7.0 billion yen ($64 million) in the first quarter ended June, versus around 33 billion yen a year ago and less than half of an average forecast for 18.5 billion yen from analysts polled by Refinitiv. Mazda, however, reiterated its forecast for a 33% rise in operating profit to 110 billion yen in the year ending March.
The case is captioned Sonneveldt, et al. v. Mazda Motor of America, Inc., et al., Case No. 8:19-cv-01298. Owners or Lessees of Mazda vehicles with a defective water pump who wish to discuss their legal rights or interests are encouraged to contact Kessler Topaz Meltzer & Check, LLP (James Maro, Esq.
Toyota Motor Corp said on Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars. The largest Japanese automaker announced in January 2018 https://www.reuters.com/article/us-usa-alabama-plant/toyota-mazda-to-build-1-6-billion-plant-in-alabama-sources-idUSKBN1EY2PFit would build the factory in Alabama with Mazda Motor Corp. Toyota, which said the shift was due to "a growing consumer appetite for light trucks and SUVs," still expects to start production in 2021. Last week, the company said U.S. Corolla sales fell 5% in the first six months to 152,868, while overall Toyota car sales fell 8%.
Moody's Investors Service (Moody's) has today changed LLC ROLF's (ROLF) outlook to developing from positive. At the same time, Moody's affirmed the B1 corporate family rating (CFR) and the B1-PD probability of default rating. Today's change of ROLF's outlook to developing reflects the uncertainty regarding the potential direct and indirect impact of the investigation.
Five Japanese automakers including Suzuki Motor Corp and Mazda Motor Corp on Friday said they would each invest 2% in the on-demand, self-driving car service venture set up by SoftBank Corp and Toyota Motor Corp. Suzuki, Mazda, Subaru Corp, Isuzu Motors Ltd and Toyota's compact car unit Daihatsu will each invest 57.1 million yen ($530,620) in the venture - dubbed Monet - in return for a 2% stake, the companies said in a statement.
The market for electric cars has become another Gold Rush. Thousands will try to get rich quick -- but only a select few who play it smart will make a fortune.I've been covering electric cars for a year…and now every car maker in the world is racing to catch up.In the last month alone:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Subaru (OTCMKTS:FUJHY) announced its first EV, in partnership with Toyota Motor (NYSE:TM). * So did Mazda Motor (OTCMKTS:MZDAY). In Britain, Jaguar Land Rover is working on them, too. * Even Dyson is getting in on the action. * But some of the most ambitious, futuristic plans are coming from China, where Enovate is working on a true "Tesla Killer."For my money, Toyota's the one to watch. Because it's laser-focused on what's most important: the battery.Why are people eager to buy electric cars? They're sleeker, cleaner, and require way less maintenance. That's all thanks to the battery-powered motor.Right now, electric vehicles are powered by a larger version of what's in your cellphone and laptop: the lithium-ion battery. But by upgrading to next-generation battery technology, Toyota's EVs will run on batteries that are more compact - but way more powerful… and safer, too. * 7 High-Quality Cheap Stocks to Buy With $10 For the Japanese market, Toyota has designed an ultra-compact EV. And with these new batteries, which eliminate the liquid electrolyte, much of the bulk disappears.Take a look at the picture below. The front hood of the car literally disappears!And an electric car has got to be just as convenient as gas. The internal-combustion engine may be 100-year-old technology, but it'll go for about 300 miles on a tank. With this battery, you could get DOUBLE the range after just 15 minutes of charging.Plus, since you don't need the liquid electrolyte, the batteries aren't flammable. Remember the problems with the Samsung Galaxy Note 7? If you tried to bring the phone on an airplane, the flight attendants would confiscate it because the lithium-ion batteries had started catching fire. In early 2018, HP had to recall 50,000 laptops for a similar reason.But next-generation batteries don't have that fire risk. In one memorable test, a startup called Ionic Materials shot its battery with a Remington .22. It took three bullets, did not catch fire, and kept working!So you can see why Toyota is running full-tilt toward this goal. In a briefing last Friday, Toyota executive Shigeki Terashi said he wants to unveil the new batteries "by the time we have the Olympic games" in Tokyo next July. He knows that with everything we'll be asking the battery to do, the current lithium-ion technology just won't cut it. We need safer, longer-lasting batteries.Toyota is just one major player in a "battery cartel" of sorts that's sprung up in Japan. The government is working directly with researchers, automakers, and other big names like Panasonic (OTCMKTS:PCRFY) to get this particular new technology to market.That's only one example of why we, as investors, need to find a pure play on the battery revolution. Invest Where "Big Auto" is Dropping Major CashI'm a big believer in "picks and shovels" investing. And that's because, if you look back at the 1849 Gold Rush, most of the prospectors ended up broke - but the guys who sold them their picks and shovels got rich. One German immigrant did even better by selling work pants made of a new, more durable material. His name was Levi Strauss… and, still today, we all wear blue jeans.With any big trend, you always want to look at the suppliers. Electric cars are no exception. Therefore, at Investment Opportunities, I'm recommending companies that supply these next-generation batteries.Japan may be the current favorite to mass-produce them - but one tiny company in the United Kingdom holds a few of the key patents. Toyota is relying on it for electric cars… yet I'm willing to bet you've never heard of it.I've got a full presentation on the investment opportunity in this new technology - nicknamed the "Jesus Battery."Find out exactly what makes this battery so miraculous here.Insiders are already calling this potential new battery a "paradigm shift" in energy technology. Forbes calls it simply: "The battery that could change the world."For early investors, this presents the kind of moneymaking opportunity that could turn a tiny initial stake into an absolute fortune.Folks who get in on this breakthrough now, BEFORE it's rolled out on a mass scale, will have the chance to be a part of perhaps the single largest legal creation of wealth in the last 25 years.I can share with you what I've learned and show you how to profit. Click here to learn more.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Electric Cars: Why Toyota Will Be the Envy of the World appeared first on InvestorPlace.
Shares of major Asian automakers and suppliers tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico from next month, potentially upending a decades-old business model of global manufacturers. Railing against a surge of illegal immigrants across the United States' southern border, Trump said he would hit all goods coming from Mexico with a 5% tariff, and would increase that each month until reaching 25% on Oct. 1, unless Mexico takes immediate action.
Moody's Investors Service (Moody's) has today changed to positive from stable the outlook on the B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) of Delance Limited ROLF (DLR), which owns Russia's largest foreign-branded cars retailer LLC ROLF (ROLF). Concurrently, Moody's has affirmed these ratings. Moody's has also assigned a B1 CFR and a B1-PD PDR to ROLF.
Moody's Investors Service has assigned a rating of Aa1 to the State of Alabama's planned issuance of $163 million of general obligation bonds in three series consisting of $101.9 million Tax-Exempt General Obligation Bonds, Series 2018-A, $37.9 million Taxable General Obligation Bonds, Series 2018-B, and $23.3 million Tax-Exempt General Obligation Bonds, Series 2018-C. The bonds are expected to be sold through competitive bidding on November 28. Alabama's rating reflects strong financial management practices which require spending cuts in response to revenue shortfalls to maintain financial balance.