GM - General Motors Company
| Previous Close | 39.50 |
| Open | 39.40 |
| Bid | 0.00 x 4000 |
| Ask | 39.97 x 1100 |
| Day's Range | 39.18 - 39.84 |
| 52 Week Range | 30.56 - 45.00 |
| Volume | 7,723,951 |
| Avg. Volume | 8,444,762 |
| Market Cap | 56.592B |
| Beta (3Y Monthly) | 0.99 |
| PE Ratio (TTM) | 7.20 |
| EPS (TTM) | 5.53 |
| Earnings Date | Apr 30, 2019 |
| Forward Dividend & Yield | 1.52 (4.10%) |
| Ex-Dividend Date | 2019-03-07 |
| 1y Target Est | 47.50 |
Yahoo Finance•15 hours ago2 Dudes: Highlights from the New York Auto Show
For my colleague and 2 Dudes co-host Rick Newman and I, it was another show in the books where SUVs were the main draw. Truck love in NYC is nothing new, as last year it was the pickups that were all the rage, but with new models out last year for Ford (updated at least), GM, and Ram, the half-ton battlefield for 2019 was subdued.
- Zacks•10 hours ago
General Motors (GM) Gains But Lags Market: What You Should Know
General Motors (GM) closed at $39.84 in the latest trading session, marking a +0.85% move from the prior day.
- Motley Fool•11 hours ago
Hydrogen Cars Appear Dead as EVs Take the Reins
Even the biggest supporters of hydrogen vehicles are now turning to electric vehicles.
- Reuters•16 hours ago
Waymo picks Detroit factory for self-driving fleet, to be operational by mid-2019
Alphabet Inc's Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future. The company's chief executive, John Krafcik, said in a blog post that Waymo would partner with American Axle & Manufacturing to lease and repurpose an existing Detroit facility that will be operational by mid-2019. Waymo said in January it had chosen Michigan for its first production facility, adding it would receive incentives from the public-private partnership agency, the Michigan Economic Development Corporation, and create up to 400 jobs over time exclusively related to self driving.
- InvestorPlace•16 hours ago
Investors Just Don’t Believe in Ford Stock Anymore
As Ford Motor (NYSE:F) prepares to report earnings after the market close on April 25, the mystery surrounding its stock continues. How is it possible that Ford stock isn't even worth $10 per share?Source: Jens Mayer via Flickr (Modified)Ford sports a dividend of 15 cents per share and every quarter it out-earns that dividend. For the current quarter, earnings are expected to be 26 cents per share, on revenue of over $36.5 billion.Usually a yield of 6.8% on any investment is worth paying for, especially if it can be repaid from earnings. But that's not the case for Ford stock. The only comparable yield I can find is AT&T (NYSE:T), and their balance sheet is a mess. Meanwhile, Ford has less than $12 billion in debt, against cash and short-term securities of $22 billion. Yes, there are pension obligations out there, but the balance sheet is not a mess.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Vision ThingThe problem with Ford stock, obviously, is the vision thing. Investors don't buy Ford's vision, and traders have tired of waiting for them to. * 7 Digital Ad Stocks That Deserve Your Attention Right Now In the name of full disclosure, I was one of those traders. I bought Ford a few years ago at about $12 and finally turned in my hand at close to the April 23 opening price of $9.50. Despite the dividend I lost a little money.Ford hired Jim Hackett as its CEO nearly two years ago, after a stint as Interim Athletic Director at the University of Michigan, where he hired Jim Harbaugh as head football coach.At the time of Hackett's hiring at Ford, Harbaugh looked like a great hire. But Michigan is still Michigan, a good team that should be in the national championship fight but manages to stumble against rivals like Ohio State, the teams its fans most want to beat.The same thing is true for Hackett at Ford. The numbers aren't that bad. They're just not very different from his predecessors.Hackett's vision, like Harbaugh's, was grand. But a year after it was first announced it looks pedestrian. Every big U.S. car company is pushing pick-ups and SUVs instead of sedans. Every big car company has plans for electrics and self-driving cars. GM is Hackett's Ohio StateThere are rumblings that Hackett isn't being up-front with his dealers, as there are rumblings over Harbaugh and the media. Hackett's strategy seems vague and profits are still not rising. Ohio State is still out there.Executive chairman Bill Ford, whose family still controls the company, continues to defend Hackett. He's the athletic director here, noting that Hackett is addressing the company's problems in Europe and China, and that he has a long-term plan.But he can't beat Ohio State, or as they call it in the Ford board room, General Motors (NYSE:GM). GM has given its shareholders a 14% gain in the last two years, against Ford's loss of 17%. Tesla (NASDAQ:TSLA), despite its recent troubles, is still worth $7 billion more than Ford, with barely 15% of Ford's sales. The Bottom Line for Ford StockFord, and Hackett, insist their turnaround of the company is a long-term project and that they're on track. A new chief financial officer has been recruited from Amazon.com (NASDAQ:AMZN). The company has a new plan for China, built around electric cars, and is restructuring in Europe. Hackett is trying to water down the hype over self-driving cars. If a recession comes, Hackett insists Ford will be ready. There's even a new electric SUV coming to market next year. It's like recruiting a 300-pound high school lineman with closing speed. * 10 High-Yielding Dividend Stocks That Won't Wilt But Ford is still trailing GM, and as the halftime whistle blows on Hackett's Ford tenure, the fans are wondering if he can ever get Ford over the hump.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post Investors Just Don't Believe in Ford Stock Anymore appeared first on InvestorPlace.
- Bloomberg•16 hours ago
Alphabet's Waymo Reviving Detroit Plant With Self-Driving Cars
Alphabet Inc.’s Waymo LLC has picked an idled American Axle & Manufacturing Holdings Inc. facility in Detroit as the site where it will equip vehicles made by Fiat Chrysler Automobiles NV and Jaguar Land Rover Automotive Plc with self-driving technology. The move by Waymo gives a small boost to a part of the Motor City that’s been hit hard by industrial decline and manufacturing jobs moving to Mexico.
- Zacks•18 hours ago
Analysts Estimate General Motors (GM) to Report a Decline in Earnings: What to Look Out for
GM (GM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- InvestorPlace•18 hours ago
Earnings Could Bring an Upside Surprise in Tesla Stock
Tesla (NASDAQ:TSLA) is scheduled to announce its quarterly earnings Wednesday after market close. Steadily falling estimates have weighed on TSLA stock in recent months. Now, earnings will cap off an event-driven week for Tesla as the company hosted its Investor Autonomy Day.Source: Shutterstock So far, TSLA stock has not reacted well to some of the claims of CEO Elon Musk. However, with all of the negative news in recent months, low expectations could set up an upside surprise in Tesla stock. TSLA Stock Earnings Poised to Return to LossesFor the first quarter, analysts expect a quarterly loss of 69 cents per share for the battery company. This would come in higher than the same quarter last year when the company lost $3.35 per share. Still, for a company aiming for sustained profitability, it means a return to losses for now. Wall Street also forecasts revenue of $5.33 billion. If this holds, it will represent an increase of 56.2% on a year-over-year basis. TSLA reported $3.41 billion in revenue in the first quarter of 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBarring a surprise, Tesla looks poised to report a loss after two profitable quarters. It has faced a challenging year as the EV subsidy looks set to phase out due to the rising production numbers from both Tesla and GM (NYSE:GM). The company also faces increased competition other large manufacturers in the EV market. * 10 High-Yielding Dividend Stocks That Won't Wilt Then there is Mr. Musk. Investors had started to get used to his antics. However, the company held its Investor Autonomy Day Monday in Palo Alto. At the event, Mr. Musk showed Tesla's driverless vehicle technology. He also announced that the company would have over one million Tesla robo-taxis on the road by next year. That goal might seem ambitious seeing as the company produced about 350,000 cars in 2018. However, he hedged on that promise saying, "he's missed the mark before."Mr. Musk also doubled down on the bold claims, saying that within three years, owning anything but a Tesla would be "financially insane" and compared having other cars to "owning a horse." Wall Street seemed unimpressed with his predictions as TSLA stock fell by 3.85% in Monday trading. The Speculative Case for TSLA StockI need to see more before I buy some of these claims. However, I see a case for buying TSLA stock before earnings, at least for those who have money for a speculative play.Yes, Mr. Musk's personality breeds uncertainty. Also, Tesla stock has fallen as consensus estimates for the previous quarter fell. Three months ago, consensus estimates stood at a profit of $1.28 per share. With analysts now estimating a 69-cent-per-share loss, feelings have changed.However, this has taken expectations so low that any better-than-expected news could turn into a catalyst. Moreover, even as the equities of GM and Ford (NYSE:F) rose, TSLA stock has lost more than 30% of its value since the middle of December. Its price has now fallen close to the lows the stock saw last October. If the high $240s per share range represents a double bottom, TSLA could easily bounce back. The Bottom Line on TSLA StockThough TSLA stock faces deep uncertainty, low expectations may set the equity up for a bounce following earnings. Since the last earnings report, Tesla stock has fallen as hopes for sustained profits have turned back to losses, at least for now. Moreover, at Mr. Musk's Investor Autonomy Day, many seemed skeptical of his claims.Nonetheless, expectations have fallen so low that they have nowhere to go but up. Moreover, the stock looks poised to retest the lows of last October. Hence, one could make an argument for a speculative long bet. Admittedly, if TSLA stock falls into the mid-$240s, this bullish thesis falls apart. Still, if the near-term lows hold, TSLA could see a dramatic reversal.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post Earnings Could Bring an Upside Surprise in Tesla Stock appeared first on InvestorPlace.
- Zacks•19 hours ago
Goodyear (GT) to Report Q1 Earnings: What's in the Offing?
The improving industry in the United States and Europe is likely to have a positive influence on first-quarter 2019 results of Goodyear (GT).
- InvestorPlace•22 hours ago
Investors Mull Next Move With Sirius XM Stock: Tune In or Tune Out?
While the markets have been in the bull mode, the shares of satellite-radio operator Sirius XM Holdings (NASDAQ:SIRI) have been left on the sidelines. Since last summer, the SIRI stock price has gone from a June high of $7.64 to $6.12 yesterday.Source: Vinod Sankar via FlickrPreviously, SIRI stock had been a fairly reliable performer, posting solid returns over the preceding five years, the average annual gain was nearly 17%.So is this drop-off just a temporary thing? Or perhaps there is something more serious wrong with SIRI stock? Well, first of all, there are certainly some notable advantages on the bull side of things.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf anything, the $3.5 billion acquisition of Pandora looks spot on. The result is that SIRI now has a base north of 100 million listeners in the U.S. The deal will also lead to meaningful cost reductions of more than $50 million a year. Needless to say, there are redundancies across both organizations.Something else: There will be lots of synergies. Pandora's core AI (artificial intelligence) systems could mean better experiences from the Sirius platform. At the same time, there could be additional curated and premium content for Pandora. It really does look like a win-win.In the meantime, Sirius has been continuing to get traction with its distribution partnerships, evident in its recent deal with Toyota Motor (NYSE:TM). The parties have agreed to a 10-year arrangement to make SiriusXM standard on all of the car maker's vehicles in the U.S. This is certainly a big-time validation and the deal will mean that SIRI will have more than 80% penetration in the U.S. by next year. * 5 Dividend Stocks Perfect for Retirees What's more, there have been other notable deals with General Motors (NYSE:GM) and Nissan. The Issues With SIRI StockIn a word, the problem with SIRI stock is … growth. According to the company's projections, the revenues are expected to increase by only about 5% for the current year. The EBITDA is also expected to improve marginally.There are several reasons for this. For example, the U.S. market is becoming saturated. There is also the issue of slowing auto sales. Keep in mind that the National Automobile Dealers Association has put out an estimate for sales to fall below 17 million vehicles this year.But there are also some negative secular trends. Let's face it, the emergence of ride-sharing services like Uber and Lyft (NASDAQ:LYFT) have started to change people's views about driving. Over the past few years, younger people aren't so quick to get a driver's license, according to a post in the Wall Street Journal. It also does not help that the average price of automobiles has been increasing, primarily because automakers have been focusing on trucks and SUVs. Bottom Line on Sirius XM StockTo be sure, Sirius management has been shareholder friendly. Last year, the company distributed about $1.5 billion through Sirius satellite radio stock buybacks and dividend payouts. In fact, management has boosted its buyback authorization by $2 billion. * 10 S&P 500 Stocks to Weather the Earnings Storm But this may not be enough -- enough, that is, to get Sirius XM stock back into gear. Note that the valuation is far from cheap, especially when compared to the mediocre growth rate. The forward price-to-earnings multiple is at about 23x. The dividend yield is also at a paltry 0.8%.Even Wall Street analysts are tepid. So all in all, it's probably best to hold off on SIRI stock for now.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Investors Mull Next Move With Sirius XM Stock: Tune In or Tune Out? appeared first on InvestorPlace.
- American City Business Journals•yesterday
Musk insists Tesla doesn't need 'ridiculous' and 'expensive' lidar for its self-driving future
Nearly every other company working on autonomous driving technology — from Google to global automakers like General Motors and Audi — are using computers that analyze data from a combination of lidar, radar and cameras to guide their vehicles. But Tesla CEO Elon Musk insists that "lidar is a fools errand."
Market Realist•2 days agoThese Auto Companies Are Set to Release Earnings This Week
These Auto Companies Are Set to Release Earnings This Week(Continued from Prior Part)Auto stocksThis month, most auto stocks have outperformed the broader market. Amid ongoing US-China trade negotiations, high expectations from the auto
- CNBC•2 days ago
Top auto executives are privately very worried about the state of auto sales
Despite the bullish speeches at the New York auto show, there's a sense of growing concern among industry leaders and analysts.
- InvestorPlace•2 days ago
Tesla’s Real Problem? It’s a Car Stock Priced Like a Tech Stock
Right now Tesla (NASDAQ:TSLA) is a stock a lot of people want to hate. While the NASDAQ averages are up 20% so far in 2019, Tesla stock is down nearly 20%.Source: Shutterstock Greenlight Capital CEO David Einhorn is among the loudest detractors. He writes "the wheels are coming off" and thinks Tesla is on the brink of failure.Earnings estimates for the March quarter, to be reported April 24, are grim. Average analyst estimates predict a loss of 75 cents, but the earnings whisper number is a loss of $1.13. Revenue is expected to come in at $5.33 billion, against $7.2 billion during the fourth quarter of last year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Is Tesla Failing?Tesla still sells more like a tech stock than an auto stock. The market cap on April 15 was about $46 billion, against 2018 revenue of $21.46 billion. By contrast, rivals like General Motors (NYSE:GM) and Ford Motor (NYSE:F) sell at just one-third their revenues. * 3 Stocks on Shaky Ground As far back as 2016 I identified scaling production as Tesla's main challenge. As recently as last month, I asked if CEO Elon Musk's magic had disappeared.But Tesla is not going out of business.In September, Tesla had almost as much of the U.S. luxury car market as BMW (OTCMKTS:BMWYY) and Mercedes-Benz (OTCMKTS:DDAIF) combined. The Model S took 36% of the U.S. market for large luxury cars last year. The Model X has nearly one-fifth the luxury SUV market. The Model 3 is the best-selling electric in the world. Tesla's ProblemsTesla's problems today are real, but they're different than those I identified in 2016.Tesla can now mass produce cars, but it still lacks the infrastructure to deliver them. As more of its cars hit the road, problems with them are being uncovered. Consumer Reports is no longer recommending the Tesla Model 3. The factory is picking up environmental fines.Musk himself remains incorrigible, tweeting a forecast that Tesla will deliver 500,000 cars over the next 12 months before telling investors. Musk is trying to eliminate his dealer network, going to all-online sales. He is backing away from the long-promised $35,000 price point of the Model 3. He is reportedly putting off plans to expand Tesla's battery plant in Nevada.Additionally,Tesla and Elon Musk are in bad political odor with an Administration committed to oil. Not only do Republicans want to kill incentives for electric vehicles, they want to add new taxes on them.During 2017 and 2018 Musk tried to charm President Trump but he now says the President "screwed him."Short interest in Tesla stock is exploding. Over 32 million shares are being sold short with a float of just 126 million while one-quarter of shares are held by insiders. The Bottom Line for Tesla StockTesla stock rose before it was a real car company.Now it is a real car company. It is experiencing all the problems associated with being a real car company.But Tesla is not a failing car company. It is still a growing car company. It is building its own factory in China. It has plans to offer a crossover, a pick-up, a roadster, and even a semi-truck. The problem with Tesla stock is that it's still priced like a tech stock. * 7 Tech Stocks With Too Much Risk, Not Enough Upside I still think the short interest in Tesla is overdone, however. As the saying goes, he who sells what isn't his'n, must buy it back or go to pris'n. I suspect the shorts are about to get squeezed again.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. Compare Brokers The post Tesla's Real Problem? It's a Car Stock Priced Like a Tech Stock appeared first on InvestorPlace.
- Zacks•2 days ago
LKQ to Report Q1 Earnings: What's in Store for the Stock?
LKQ's acquisitions fortify its footprint. However, frequent buyouts along with escalating expenses might dent the company's first-quarter earnings.
- Zacks•2 days ago
Ford (F) to Post Q1 Earnings: What to Expect for the Stock
Higher transaction price per vehicle is likely to drive Ford's (F) first-quarter 2019 earnings. However, loss-making European businesses and steep costs are concerns.
- InvestorPlace•2 days ago
This Possible Scenario Would Be a Big Catalyst for Tesla Stock
Tesla (NASDAQ:TSLA) is all but assured to report a loss Wednesday when it releases its first-quarter results. Unless Elon Musk can pull a rabbit out of his hat, TSLA stock could look expensive in the wake of the resultsSource: Mike Lau via Flickr (Modified)InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow don't get me wrong, I would love to see Musk deliver the unexpected, since I'm a longtime fan of both TSLA and Musk. However, given the fact that the company has a $920 million bond payment due during the quarter and Musk's already said that it would lose money in Q1, only super-positive guidance for the remainder of the year will keep TSLA stock from losing another $20-$30 in the wake of the results. * 7 Healthy Dividend Stocks to Buy for Extra Stability Right now, the big concern for the owners of TSLA stock is cash flow, a subject that previously became less pressing due to the profits the company reported for Q3 and Q4 of last year. After TSLA reports a Q1 loss, those shorting TSLA stock will be back with a vengeance. A New Cash Crunch for Tesla StockTSLA finished 2018 with free cash flow of -$2.9 million, a significant improvement from the -$3.5 billion it generated in 2016. After the company's two consecutive quarters in the black, optimism grew that Tesla had put its cash crunch behind it. No such luck.I doubt whether things will get anywhere near as bad for TSLA stock as they were in 2017, but the bond payment will take a bite out of the $3.7 billion in cash it had on its balance sheet at the end of December. So, too, will the capital expenditures required to build its Shanghai factory. With Tesla committed to spending $2.5 billion in 2019, about $180 million higher than 2018, but well below the $4.1 billion it spent in 2017, it's unlikely that its China Gigafactory will be built this year. But there is some positive news for TSLA stock. Fiat Chrysler's PayoffIn early April, Fiat Chrysler (NYSE:FCAU) announced that it would partner with Tesla to lower FCAU's average emissions output in Europe so it can meet stringent EU regulations set to take effect in 2021. The Financial Times suggests that TSLA will make "hundreds of millions of euros" from the deal because Fiat Chrysler can't afford any more settlements like the $800 million it agreed to pay the Department of Justice for its use of software to fudge its emissions numbers. That got me thinking.FCAU's late CEO, Sergio Marchionne, always wanted Fiat Chrysler to merge with one of the more prominent car companies like General Motors (NYSE:GM). Now others are reportedly considering merging with FCAU. Current Fiat CEO Mike Manley doesn't have a problem with an automotive marriage, but any deal will have to be good to win FCAU's approval because it's got more than enough financial might to remain independent. FCAU, which is in the process of selling its components business for $7 billion, finished 2018 with 3.8 billion euros in net cash on its balance sheet and 4.6 billion euros in free cash flow. On the surface, it might not seem to make a lot of sense for FCAU to buy a company burning through cash as quickly as TSLA is. However, since Fiat Chrysler's behind in the electric-car game, TSLA stock is cheap and about to get cheaper, and FCAU already has to rely on Tesla to pass the EU emissions test, why wouldn't FCAU solve its electric-vehicle problem now as opposed to waiting until 2021 and beyond?The biggest impediment to the deal is that both companies have a very large shareholder -- Tesla 's Musk and Fiat Chrysler's Agnelli family -- so any agreement would have to be blessed by both of them. "The Agnelli family's history with Fiat goes all the way back to the founding of the company. They are very leery about giving up control, which makes joint-ventures where they are not the lead difficult to imagine," Sam Fiorani, vice president of global vehicle forecasting for AutoForecast Solutions said recently. I'm sure Elon Musk would be equally reluctant to merge, lowering the chances of my suggestion becoming reality. The Bottom Line on TSLA StockI will continue to sing the praises of TSLA until I feel it's no longer innovating. That, thankfully, has yet to happen. Next week, when Tesla announces its weak earnings, remember that the company is a success story 14 years in the making. It's not that easy to kill Tesla. If you're long TSLA stock, I'd buy a little more on weakness following the Q1 results. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post This Possible Scenario Would Be a Big Catalyst for Tesla Stock appeared first on InvestorPlace.
- Zacks•2 days ago
BorgWarner (BWA) to Post Q1 Earnings: Is a Beat in Store?
BorgWarner (BWA) anticipates net new business backlog to be accretive for the first-quarter 2019 results.
- Zacks•2 days ago
Tesla (TSLA) to Report Q1 Earnings: What's in the Cards?
Energy generation and storage revenues of Tesla (TSLA) for first-quarter 2019 are likely to remain strong.
- Zacks•2 days ago
What's in Store for O'Reilly Automotive (ORLY) in Q1 Earnings?
Expenses to open stores and sustain existing ones are expected to hurt O'Reilly Automotive's (ORLY) Q1 earnings.
- CNBC Videos•10 hours ago
Toyota, Nissan, and Honda dominate in the US, but American brands struggle to sell in Japan
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.
