All Posts Tagged With: "DAI"
(F) Auto Industry Outlook and Review – July 2010 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. In the first quarter of 2010, General Motors (MTLQQ) led with a 19.2% market share in the U.S., followed by Ford Motor Co. (F) with a 17.3% market share,...
13Jul2010 | vitalstocks | 0 comments | Continued(DAI) Daimler AG Raises Outlook
Daimler AG (DAI) has upgraded its 2010 outlook for earnings before interest and taxes (EBIT) in its Mercedes-Benz Cars and Daimler Trucks divisions. The company now anticipates an EBIT of €2.5 billion to €3 billion ($3.5 billion to $4.2 billion) in its Mercedes-Benz Cars...
22Apr2010 | vitalstocks | 0 comments | Continued(DAI) Renault and Mahindra End Joint Venture
French carmaker Renault and India’s utility vehicle maker Mahindra & Mahindra have ended their equity joint venture (JV) in the latter’s home country to make sedans for the domestic market. So far, the JV has launched only one vehicle, Logan, a mid-sized sedan. Logan...
19Apr2010 | vitalstocks | 0 comments | Continued(DAI) Daimler AG Affirms 2010 Outlook
Daimler AG (DAI) has confirmed its guidance for 2010, provided while releasing the sales and earnings results for 2009. The company continues to expect earnings before interest and taxes (EBIT) of €2.3 billion ($3.1 billion) for the year. Daimler expects revenue to grow during...
14Apr2010 | vitalstocks | 0 comments | Continued(NAV) Navistar International Analyst Raises Guidance
Navistar International Corp. (NAV) has upgraded its financial outlook for fiscal 2010 ended October 31, 2010. The upsurge was driven by a military truck order of $750 million, won by the company in February this year, to manufacture about a thousand Mine Resistant Ambush Protected...
12Apr2010 | vitalstocks | 0 comments | Continued(TM) Auto Industry Outlook and Review – April 2010 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals Incorporatedluding Nissan Motor and its alliance with Renault...
8Apr2010 | vitalstocks | 0 comments | Continued(TTM) Tata Motors – Analyst Earnings Estimates Increasing
Tata Motors (TTM) has a Zacks #1 Rank and trades at 16x fiscal 2011 consensus EPS estimates. Growth and Income Analysts estimate that Tata Motors will grow its EPS at 35% annually for the next 3 to 5 years. The stock also offers investors a dividend yield of 0.5%. Company Description Tata...
8Apr2010 | vitalstocks | 0 comments | Continued(TM) U.S. Automobile Sales Hit Seven-Month High
Light vehicle sales in the U.S. auto industry surged 24.3% to 1.07 million units (10.8 million units at seasonally adjusted annual rate) in March 2010. This was driven by an aggressive incentive policy adopted by the safety-recall hit Toyota Motor Corp. (TM) to woo back its lost...
5Apr2010 | vitalstocks | 0 comments | Continued(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(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) 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(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(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(HAR) Harman International Industries Swings to Profit – Shares Up
Harman International Industries Inc.’s (HAR) second-quarter earnings beat the Zacks Consensus Estimate by $0.41. Shares were up 16.0% yesterday, in response to the news. Revenue Revenue of $937.5 million was up 23.8% sequentially and 24.0% year over year. The results were...
10Feb2010 | 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(F) U.S. Auto Industry Stands Up
The U.S. auto industry showed signs of revival last month in the absence of any federal government incentive program such as “Cash for Clunkers.” Auto sales soared 15% to 1.03 million in December after the market bottomed in November. Sales exceeded 1 million for the...
6Jan2010 | vitalstocks | 0 comments | Continued(TM) Auto Industry Outlook for 2010 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals including Nissan (NSANY) and its alliance with Renault account...
30Dec2009 | vitalstocks | 0 comments | Continued(TM) Auto Industry Outlook – Dec. 09 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals including Nissan (NSANY) and its alliance with Renault account...
29Dec2009 | vitalstocks | 0 comments | Continued(ALV) Autoliv Earns Smart Safety Products
Autoliv (ALV) has been awarded the safety products for the smart for two from Daimler (DAI). The smart fortwo is a micro-car that achieves 33 mpg in the city and 41 mpg on the highway according to 2008 EPA testing requirements. It is manufactured in the Mercedes-Benz division...
18Dec2009 | vitalstocks | 0 comments | Continued(ALV) Autoliv to Acquire Assets From Delphi
Autoliv (ALV) will enhance its vertical integration capability by acquiring the Occupant Protection Safety (OPS) assets from Michigan-based auto parts manufacturer, Delphi Corporation, formerly a subsidiary of General Motors (MTLQQ). Earlier this year, Delphi has announced its...
18Nov2009 | vitalstocks | 0 comments | Continued(DAI) Daimler to Recoup Smart Sales
Daimler (DAI) has started offering discounts for its micro-hybrid car, smart fortwo, in the U.S. in order to recoup its depressed sales. In the third quarter, Penske Automotive Group (PAG), which owns distribution entity for the smart for two in the U.S. through its 75 smart...
16Nov2009 | vitalstocks | 0 comments | Continued(DAI) Daimler’s Operating Profit Sinks
In its presentation of preliminary figures for the third quarter of the year, Daimler AG (DAI) has shown a 38% fall in operating profit to €470 million ($700 million) compared to €648 million ($966 million) in the prior-year quarter. Group revenue for the quarter declined...
21Oct2009 | vitalstocks | 0 comments | Continued(DAI) Daimler Financial Lands in United Arab Emirates
Daimler Financial Services, the financial services arm of auto giant Daimler (DAI), has opened two new companies in the UAE – Mercedes-Benz Finance Middle East and Mercedes-Benz Leasing Middle East – in order to boost slackening sales in the region. This has made Daimler...
16Oct2009 | vitalstocks | 0 comments | Continued(HAR) Harman International Industries Sees Significant Opportunities in China, India
Harman International Industries Incorporated (HAR) is seeing significant growth opportunities in Asian markets, particularly China and India. President, Chairman and CEO Dinesh C Paliwal recently stated that the company expects its earnings from China to exceed $1 billion over...
13Oct2009 | vitalstocks | 0 comments | Continued(DAI) Daimler Hopeful about U.S. Truck Market
Daimler (DAI) has revealed its optimism about the U.S. truck market stating that the market has bottomed. The company has predicted that the North American truck market sales would rise 10% in 2010. Citing possible improvement in consumer and housing markets in the U.S. due to...
9Oct2009 | vitalstocks | 0 comments | Continued(CMI) Cummins to Rehire 270 Workers at its Columbus Midrange Engine Plant
Cummins (CMI) has revealed that it will recall about 270 production employees at its Columbus Midrange Engine Plant (CMEP) in Walesboro, Indiana. A temporary increase in orders for the Dodge Ram turbo diesel pickup truck engines made at the plant has led to the recall. The workers...
9Oct2009 | vitalstocks | 0 comments | Continued(DAI) Daimler Being Optimistic
Daimler (DAI), the largest luxury carmaker in Europe, expects that the company will deliver a much better performance compared to this year. It is expected that the recovery will be palpable from the fourth quarter of this year. Daimler witnessed a 17.5% fall in global vehicle...
8Sep2009 | vitalstocks | 0 comments | Continued(BWA) BorgWarner Collaborates with UQM on Alternative Energy Technology
BorgWarner (BWA) has collaborated with a Colorado-based developer of alternative energy technologies UQM (UQM) on electric powertrain products for all electric and hybrid-electric passenger vehicles. The companies are jointly integrating UQM’s PowerPhase® electric propulsion...
4Sep2009 | vitalstocks | 0 comments | Continued(DAI) Chrysler Group Takes Daimler to Court
Chrysler Group LLC. filed a lawsuit against its former parent Daimler AG (DAI) in a federal court in New York, charging it with having failed to honor supply contracts for parts essential for the production of key 2010 Chrysler vehicles. Chrysler claimed that it would have to...
27Aug2009 | vitalstocks | 0 comments | Continued(PCAR) Moody’s Gives Downgrade to Paccar
Moody’s Investors Service has downgraded its outlook on Paccar Inc. (PCAR) and its main financing arm to Negative from Stable, expecting the heavy truck maker to continue to face difficulties due to a slump in truck demand. The credit ratings agency has also affirmed its...
25Aug2009 | vitalstocks | 0 comments | Continued