All Posts Tagged With: "NSANY"
(AN) AutoNation Beats Expectations – Earnings Rise 13%
AutoNation Inc. (AN) saw a profit of $71 million or 51 cents per share in the fourth quarter of 2011 compared with $68 million or 45 cents per share in the comparable quarter of 2010 (excluding debt refinancing costs of $1 million or 1 cent per share, after-tax), reflecting an...
30Jan2012 | vitalstocks | 0 comments | Continued(AN) AutoNation Driven By Luxury Brand Sales
AutoNation Inc. (AN) revealed an 11% rise in new vehicle sales to 24,342 units in December last year, mainly driven by strong sales growth in its Premium Luxury brands. Sales of the Domestic brands, which comprise stores that sell vehicles manufactured by General Motors (GM),...
14Jan2012 | vitalstocks | 0 comments | Continued(F) U.S. Auto Industry Sees Best Year Since 2008
Light vehicle sales in December 2011 rose 9% to seasonally adjusted annual rate (SAAR) of 13.6 million units, driven by low interest rates (below 3%), easier credit standards, decreasing unemployment rate and pent-up demand when the average age of cars on U.S. roads is almost...
14Jan2012 | vitalstocks | 0 comments | Continued(F) Auto Sales to Reach Three-Year High
According to an industry research report by TrueCar.com, light vehicle sales in the U.S. (including cars, trucks and sports utility vehicles/SUVs) during 2011 is likely to reach its three-year high at nearly 12.8 million vehicles, compared with 13.2 million vehicles in 2008,...
3Jan2012 | vitalstocks | 0 comments | Continued(TM) Toyota Motor Trims Earnings Outlook
Toyota Motor Corp. (TM) has sharply cut its earnings outlook for the fiscal year ending March 31, 2012 due to a strong yen and severe flooding in Thailand that disrupted its parts supply chain. The automaker expects to record a profit of ¥180 billion ($2.3 billion) for the year,...
14Dec2011 | vitalstocks | 0 comments | Continued(F) U.S. Auto Industry – Pent-Up Demand or Recovery?
Despite uncertainties in the market, consumers did not step back from the automobile showrooms in November as they felt the ardent need to change their old cars in the garage. Why wouldn’t they be, when the average age of vehicles on U.S. roads is almost 11 years and used cars...
6Dec2011 | vitalstocks | 0 comments | Continued(GM) Auto Industry Stock Outlook and Review – December 2011 – Industry Outlook
The auto industry is highly concentrated. About 10 global automakers account for over 77% of the production worldwide and 13 automakers account for more than 90% of total vehicles sold in the U.S. In the first 10 months of 2011, General Motors Company (GM) led with a 19.8% market...
2Dec2011 | vitalstocks | 0 comments | Continued(TM) Toyota Motor Takes Orders for Prius Plug-In Hybrid Vehicle
Toyota Motor Corp. (TM) has started taking orders for its much awaited plug-in version of Prius hybrid car that comes with an excellent mileage and affordable price. The automaker will start delivering the plug in hybrid vehicle (PHV) from January next year in Japan. A PHV shares...
1Dec2011 | vitalstocks | 0 comments | Continued(AXL) American Axle & Manufacturing Holdings Analyst Maintains Neutral
We are maintaining our Neutral recommendation on American Axle & Manufacturing Holdings, Inc. (AXL). American Axle is a leading supplier of driveline systems, modules and components for the light vehicle market. The company manufactures axles, driveshafts and chassis components...
28Nov2011 | vitalstocks | 0 comments | Continued(SUP) Superior Industries International Analyst Maintains Neutral on Shares
We maintain our Neutral recommendation on Superior Industries International Inc. (SUP). Headquartered in Van Nuys, California, Superior Industries is one of the world’s largest designers and manufacturers of cast aluminum road wheels for the automotive industry. Superior Industries’...
28Nov2011 | vitalstocks | 0 comments | Continued(TM) U.S. Sees Best October Auto Sales
Light vehicle sales in the U.S. rose 7.5% to 1.02 million units during October, the best since October 2007, driven by strong sales of sports utility vehicles (SUVs) and trucks. At seasonally adjusted annualized rate, sales increased 8% to 13.3 million units from 12.3 million...
6Nov2011 | vitalstocks | 0 comments | Continued(AN) AutoNation Analyst Maintains Neutral on Shares
We have retained a Neutral recommendation on AutoNation, Inc. (AN). We appreciate the company’s optimal brand and market mix, which is pushing up new vehicle sales as the market revives. However, we are concerned about tough competition and rising interest rates faced by the...
12Oct2011 | vitalstocks | 0 comments | Continued(GM) Auto Industry Stock Outlook – August 2011 – Industry Outlook
The auto industry is highly concentrated. About 10 global automakers account for over 77% of the production worldwide and 13 automakers account for more than 90% of total vehicles sold in the U.S. In the first 7 months of 2011, General Motors Company (GM) led with a 20% market...
26Aug2011 | vitalstocks | 0 comments | Continued(SUP) Superior Industries Posts Strong Second Quarter Earnings
Superior Industries International Inc. (SUP) reported anet income of $14.7 million or 53 cents per share in the second quarter of 2011 compared with $10.1 million or 38 cents per share in the year-ago quarter. Earnings per share comprehensively beat the Zacks Consensus Estimate...
9Aug2011 | vitalstocks | 0 comments | Continued(AN) AutoNation’s June Sales Rise 3%
AutoNation Inc. (AN), the largest automotive retailer in the U.S., is about twice the size of its nearest competitor. It recently announced its sales results for June 2011. The company’s retail new vehicle unit sales for the month amounted to 16,564, an increase of 3% from...
8Jul2011 | vitalstocks | 0 comments | Continued(GM) U.S. Automakers Report Sluggish Auto Sales in June
Light vehicle sales in the U.S. rose a tad by 2.4% to a seasonally adjusted annualized rate of 11.41 million vehicles in June from 11.14 million vehicles in the same month last year. It came down from the seasonally adjusted annual rate of 11.8 million in May, the slowest since...
6Jul2011 | vitalstocks | 0 comments | Continued(NSANY) Nissan Pins Hopes on Mexico
Nissan Motor Co. (NSANY) revealed that it anticipates production level to go up by 20% at its Mexican operations in 2011 compared with 2010. In 2010, it produced 506,494 vehicles. The company has considered Mexico as one of its fast-growing markets like Brazil in Latin America....
29Jun2011 | vitalstocks | 0 comments | Continued(NSANY) Nissan Motor Sees a Droopy Year
Nissan Motor Co. (NSANY) revealed that it expects a 15.4% fall in profit to ¥270 billion ($3.4 billion) due to the setback from the earthquake and tsunami in Japan on March 11 that broke down infrastructure and damaged many parts supplying companies’ plants causing disruptions...
28Jun2011 | vitalstocks | 0 comments | Continued(AN) AutoNation Remains Neutral
We reiterate our Neutral recommendation on AutoNation Inc. (AN), which is the largest automotive retailer in the U.S. and almost twice the size of its nearest competitor. The company sells 31 different brands of new vehicles, its core brands being Ford Motor Co. (F), General...
26Jun2011 | vitalstocks | 0 comments | Continued(BWA) BorgWarner Unveils New Two-Stage Turbocharging System in North America
BorgWarner Inc. (BWA) recently unveiled a powerful and efficient regulated two-stage (R2S) turbocharging system in North America that meets the Fiat Powertrain Technologies’ (FPT) specific requirements while achieving the engine’s optimum power output of 120 kW and 400...
21Jun2011 | vitalstocks | 0 comments | Continued(GM) General Motors Renovating Cadillac Showrooms
General Motors Company (GM) has planned to introduce a fresh and new design for its Cadillac dealerships. The plan, a part of the company’s brand makeover initiative, is expected to be designed and implemented over the next two years. The makeover has been planned with the...
15Jun2011 | vitalstocks | 0 comments | Continued(AN) AutoNation Sales Dip on Supply Crunch
AutoNation Inc. (AN) reported a 15% fall in new vehicle sales to 16,347 vehicles in May due to shortages in supply of vehicles, especially from Japan that accounts for 52% of its sales. The Japanese automotive industry has been hit hard by the earthquake and tsunami on March...
15Jun2011 | vitalstocks | 0 comments | Continued(HMC) Honda Cuts Working Days
Honda Motor Co. (HMC) announced that its workers will take 14 additional days off from June to August due to disruptions in manufacturing operations driven by parts shortages. The parts shortage came on the back of earthquake and tsunami in Japan on March 11 that damaged many...
15Jun2011 | vitalstocks | 0 comments | Continued(GM) GM Renovating Cadillac Showrooms
General Motors Company (GM) has planned to introduce a fresh and new design for its Cadillac dealerships. The plan, a part of the company’s brand makeover initiative, is expected to be designed and implemented over the next two years. The makeover has been planned with the...
11Jun2011 | vitalstocks | 0 comments | Continued(TM) Chrysler Schedules Summer Shutdowns for Earlier Than Usual
Chrysler, 30% owned by Italy’s Fiat SpA (FIATY), has shifted the summer shutdown of three U.S. plants from July to June due to shortage in parts supply on the back of earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies’ plants. With this,...
5Jun2011 | vitalstocks | 0 comments | Continued(HMC) Expensive Cars Hurt Auto Sales
Auto sales in the U.S. dipped 3.7% on a year-over-year basis to 1.06 million vehicles in May, which is equivalent to an annualized rate of 11.8 million vehicles. It has touched the lowest rate in 8 months since 11.76 million vehicles recorded in September 2010. The decrease in...
3Jun2011 | vitalstocks | 0 comments | Continued(GM) Auto Industry Outlook and Review – May 2011 – Industry Outlook
The auto industry is highly concentrated, with the top 10 global automakers accounting for over 77% of production worldwide. In the first four months of 2011, General Motors Company (GM) led with a 19.6% market share in the U.S., followed by Ford Motor Co. (F) with a 16.2% market...
24May2011 | vitalstocks | 0 comments | Continued(AN) AutoNation Announces $250 Million Increase to Share Buyback
AutoNation Inc. (AN) announced that its board of directors has authorized the repurchase of up to an additional $250 million of common stock under its existing share buyback program. This has increased the total authorized amount under the program to $395.9 million. Last year,...
9May2011 | vitalstocks | 0 comments | Continued(HMC) Honda Motor Fears Auto Shortages on Parts Supply Issues
Honda Motor Co. (HMC) has alerted its U.S. dealers about supply shortages of its popular models, Civic compact and CR-V small SUV, due to lower availability of parts that will support the required production level to meet their demand. The parts shortage came on the back of earthquake...
3May2011 | vitalstocks | 0 comments | Continued(AN) AutoNation Reports Strong Earnings Results for 2011 First Quarter
AutoNation Inc. (AN) reported net income of $70.3 million or 46 cents per share from continuing operations for the first quarter of 2011, compared with $58.8 million or 34 cents in the year-ago period. The company also exceeded the Zacks Consensus Estimate of 43 cents. Total...
28Apr2011 | vitalstocks | 0 comments | Continued