Auto Manufacturers - Major
(DAI) European Autos Sales to Drop
The European Automobile Manufacturers’ Association has revealed that automakers in the European Union should expect to face slumping sales in 2010 on top of a 17% decline in sales to 15.2 million vehicles in 2009 as the industry has yet to recover from the global economic...
18Mar2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Shares Hit Five-Year High
Shares of Ford Motor Co. (F) surged to $14.15 in afternoon trading yesterday for the first time in 5 years. The stock price rose 4.9% since January 2005 before it closed at $14.10 Wednesday. The 5-year high was primarily driven by Moody’s Investors Service’s (MCO) upward...
18Mar2010 | vitalstocks | 0 comments | Continued(DAI) Daimler AG to Join France’s Renault-Nissan
Germany’s Daimler AG (DAI) has entered into discussions with France’s Renault SA to acquire mutual equity stakes that would add the former to the alliance, which already includes Japan’s Nissan Motor Co. The stakes to be acquired are likely to amount to less than 10%. In...
18Mar2010 | vitalstocks | 0 comments | Continued($TM) Toyota Motors Reaches Deal With United Auto Workers
The United Auto Workers union (UAW) has reached a tentative agreement with Toyota Motors (TM) to shut down the New United Motor Manufacturing Inc. (NUMMI) plant in Fremont, California. The agreement, which includes payouts for workers, is subject to a ratification vote by the...
17Mar2010 | vitalstocks | 0 comments | Continued(TM) U.S. Trade Deficit Falls, However…
The nation’s trade deficit fell in January to $37.3 billion from a downwardly revised $39.9 billion in December. It did so, however, for the “wrong reason.” We saw a bigger decline in imports, which dropped by $3.1 billion or 1.69% to $180.0 billion, than we...
11Mar2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Company On The Path To Profits
Ford Motor Company (NYSE: F) just celebrated its first annual profit since 2005. After losing $6.9 billion in 2008, the automaker reported a full-year net profit of $2.7 billion. Initially expecting further losses, CEO Alan Mulally warned that his company wouldn’t be “solidly...
10Mar2010 | InvestmentU | 0 comments | Continued(F) General Motors to Reinstate 661 Dealers
General Motors (GM) has decided to reinstate 661 of its U.S. dealers who had once been targeted for termination of franchise agreements. The restoration is intended to defend GM’s market share at a time when auto sales are regrouping from the recent economic downturn. Last...
9Mar2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motor May Suspend New Car Launches
Toyota Motor (TM) has revealed that it may halt new car launches this year if it is unable to be fully satisfied with correcting the accelerator problem that forced a mass recall of its vehicles. The cars that might be shelved include RAV4 2010, Auris 2010 and the Auris Hybrid. However,...
9Mar2010 | vitalstocks | 0 comments | Continued(TM) Nissan Motor Company Joins Parade of Recalls
Nissan Motor Co. has announced that it will recall 539,864 vehicles to inspect brake pedal pins and fuel-gauge components on certain trucks and minivans. Nissan has noticed that the brake-pedal pins in some of its vehicle models have partially engaged, causing a loss of normal...
8Mar2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motors’ Prius Still on Top in Japan
Toyota Motor’s (TM) Prius hybrid has retained its position as the top-selling car in Japan despite the automaker’s global recall woes that included braking problems with the popular hybrid. According to the Japan Automobile Dealers Association, more than 27,000 units...
4Mar2010 | vitalstocks | 0 comments | Continued($TM) February U.S. Auto Sales Exceed 10 Million
Sales in the U.S. auto industry grew 13% to 10.4 million vehicles in February, driven by strong fleet sales (sales to rental companies as well as corporate and government houses). Comparable month sales recorded high figures, since February 2009 was the weakest month last year....
3Mar2010 | vitalstocks | 0 comments | Continued($F) Ford Motor to Cut Shifts at Michigan Plant
Ford Motor Co. (F) plans to eliminate second production shifts at its Flat Rock, Michigan plant in July this year, downsizing 900 workers. The plant, called Auto Alliance, is jointly operated with Japan’s Mazda Motor Corp. It manufactures Ford Mustang and the Mazda 6 sedans....
1Mar2010 | vitalstocks | 0 comments | Continued(TTM) Tata Motors & The Nano: Why “That Little Car in India” Is Loaded With Big Profits
by Jeannette Di Louie, Investment U Research Thursday, February 25, 2010 Open up your web browser and go to Google. Punch in “that little car in India.” What you’ll see is a long list of stories about the Nano – a car manufactured by Indian automaker, Tata Motors (NYSE:...
28Feb2010 | InvestmentU | 0 comments | Continued(F) Chicago Auto Show: The Future Is Now?
Chicago Auto Show: The Future Is Now? At the currently running Chicago Auto Show, all types have turned out to get a glimpse of what will grace our boulevards and freeways in the next few years. Clearly one does not need to be a hardcore gear-head to take a strong interest these...
23Feb2010 | vitalstocks | 0 comments | Continued($TM) Toyota Saves $100 Million on Recall
A document, reported by The Detroit News on Sunday, has revealed that Toyota Motor (TM) has saved $100 million by negotiating with regulators for a limited recall of 2007 Toyota Camry and Lexus ES cars over a problem that could cause unintended acceleration. The recall was related...
23Feb2010 | vitalstocks | 0 comments | Continued(HMC) Home Depot’s Earnings Report Misses – Raise Dividend
The Home Depot (HMC) reported fourth quarter 2009 results with earnings of 24 cents per share. However, earnings were below the Zacks Consensus Estimate of 36 cents, though they were up 26.3% year-over-year. Total sales for the quarter were almost flat year-over-year, declining...
23Feb2010 | vitalstocks | 0 comments | Continued(DAI) Daimler AG Reports it Loses Nearly $4 Billion
Daimler AG (DAI) lost €2.6 billion ($3.7 billion) or €2.63 ($3.67) per share in 2009, in sharp contrast to a profit of €1.4 billion ($2 billion) or €1.41 ($1.97) per share in the previous year. The loss was attributable to a 24% decline in unit sales to 1.6 million vehicles...
23Feb2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Passing Toyota Motor in U.S. Market
According to a report by auto research website Edmunds.com, Ford Motor Co. (F) has become the second-biggest automaker in the U.S. behind General Motors. With this, Ford has overtaken Toyota Motor Corp. (TM) in the wake of Toyota’s damaging parade of recalls. According...
14Feb2010 | vitalstocks | 0 comments | Continued(DAI) Daimler AG to Raise Stake in OAO Kamaz
Daimler AG (DAI) plans to increase its stake in Russian truck manufacturer OAO Kamaz from 10% to 15%. The automaker is in negotiation with European Bank for Reconstruction and Development (EBRD) to jointly acquire the additional 5% stake in the truck maker. Initially, Daimler...
14Feb2010 | vitalstocks | 0 comments | Continued(TM) Honda Motor Company Joins Recall Parade
Following top automaker Toyota Motor Corp.’s (TM) foray into massive automotive safety recalls, Honda Motor Co. (HMC), Japan’s second biggest automaker, is heading down a similar road. Honda has recalled 437,000 vehicles on top of a recall of 514,200 vehicles last...
10Feb2010 | vitalstocks | 0 comments | Continued(NSANY) Nissan Motors Results Improve
Nissan Motor Co. (NSANY) has revealed a net income of ¥45 billion ($480 million) for the third quarter of its fiscal ended December 31, 2009, in sharp contrast to a loss of ¥83.2 billion ($810 million) in the same period a year ago. The improvement was attributable to additional...
9Feb2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motor’s Prius Faces Recall
Toyota Motor’s (TM) popular 2010 Prius hybrid automobile faces a recall, adding to the series of the automaker’s recalls in the past few months. Toyota will decide upon the magnitude of the recall this week. In September last year, Toyota recalled the largest-ever U.S. batch...
8Feb2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Company – Balance Sheet Improving – Sales Were up 22% From Last Year
Ford Motor Co. (F) is pressuring its 52-week high on a bevy of good news that includes a return to profitability in its recent Q4 results and strong January sales data. Company Description Ford Motor Company designs, manufactures and services cars and trucks worldwide. The company...
5Feb2010 | vitalstocks | 0 comments | Continued(HMC) Honda Motor’s Profits Jump to $1.5 Billion
Honda Motor Co. (HMC) has posted a profit of ¥134.6 billion ($1.5 billion) for the third quarter of its fiscal ended December 31, 2009, a huge increase of 565.1% from the same period in 2008. This was equivalent to earnings per share of ¥74.19 (81 cents), an increase of ¥63.03...
4Feb2010 | vitalstocks | 0 comments | Continued(F) Fleet Sales Drive Autos in January
Sales in the U.S. auto industry grew 6% to 698,990 vehicles in January, driven by strong fleet sales (sales to rental companies as well as corporate and government houses) and redesigned vehicles in the market. Ford Motor Co. (F) ruled among the U.S. automakers, while Nissan...
4Feb2010 | vitalstocks | 0 comments | Continued(TM) Buy Into CTS Corporation Post-Selloff?
Guilt by association may be a buying opportunity for shares of CTS At some point in the past week, investors became concerned the Toyota Motor (TM) sudden acceleration recall was perhaps about to impact CTS Corp. (CTS). The shares, which traded as high as $10.36 in early January,...
29Jan2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motors Suspends Sales for Recall
Toyota Motors (TM) has decided to suspend sales of 8 models involved in another round of recall of 2.3 million vehicles to correct sticking accelerator pedals on specific Toyota Division models, announced on January 21, 2010. Toyota has noticed sticking accelerator pedal mechanisms...
28Jan2010 | vitalstocks | 0 comments | Continued(F) Ford Reports First Yearly Profit Since 2005
Ford Motor Co. (F) has shown a profit of $8 million (excluding special items) for 2009, driven by favorable net pricing, structural cost reductions, net gains on debt reduction actions and strong Ford Credit results. This was the company’s first annual profit since 2005...
28Jan2010 | vitalstocks | 0 comments | Continued(F) New Orders for Durable Goods Orders Rise a Bit
At first blush, the report on New Orders for Durable Goods was a disappointment. But digging through the details, it is not as bad as it first seems. This report is one where digging through the details is especially important, and just going with the headline total number can...
28Jan2010 | vitalstocks | 0 comments | Continued($F) Ford-United Auto Workers Dispute Continues
Leaders of United Auto Workers (UAW) have voted to protest Ford Motor Co.’s (F) decision to restore some benefits for white-collar workers. They claimed that the automaker’s move would violate its contract with the union after the union workers had made concessions. However,...
25Jan2010 | vitalstocks | 0 comments | Continued