All Posts Tagged With: "TM"

(TM) Is It Too Early to Invest Down Under?

I’m currently aboard the luxury ship Crystal Symphony in the midst of The Oxford Club’s Chairman’s Circle Wealth Cruise from Sydney to Bali. (Hazardous duty, yes, but someone has to do it.) And while we are spending much of our time eating, drinking, gabbing and touring about, we are...

11Mar2014 | | Comments Off | Continued

(F) Ford Motor’s Fusion Energi Gets Top Safety Rating

The National Highway Traffic Safety Administration (NHTSA) has avowed the five-star Overall Vehicle Score on Ford Motor Co.’s (F) 2013 Ford Fusion Energi. This highest safety rating of the U.S. Government is awarded by the New Car...

10Sep2013 | | Comments Off | Continued

(TM) Tesla Motors to Repay Department of Energy Loan via Stock Offering

Good news from Tesla Motors Inc. (TSLA) again! The electric car maker plans to raise as much as $830 million through a stock and debt offering that will not only be utilized to repay $465 million U.S. Department of Energy (DOE) loans...

14Jun2013 | | Comments Off | Continued

(F) China Auto Sales Rise 13% in April

According to the China Association of Automobile Manufacturers (CAAM), total vehicle sales rose 13.4% to 1.8 million units in Apr compared with 13.2% to 5.4 million units in the first quarter of the year and 4.3% to 19.3 million vehicles in 2012. Passenger vehicle (cars, multipurpose and sport-...

12May2013 | | Comments Off | Continued

(F) Ford Motor Raises Stake in Chinese Joint Venture

Ford Motor Co. (F) announced that has raised its stake in Chinese light commercial vehicles joint venture, Jiangling Motors Corp., to 31.5% from 30.0%. The Detroit-based automaker purchased 13.0 million Hong Kong dollar-denominated B-shares...

6May2013 | | Comments Off | Continued

(BWA) BorgWarner Awarded Supplier Award by Daimler

BorgWarner Inc.’s (BWA) Turbo Systems has received the Daimler Supplier Award 2012 from Daimler AG (DDAIF) at the Key Supplier Meeting of Daimler in the Mercedes-Benz...

2May2013 | | Comments Off | Continued

(F) China Auto Sales Slow Down

Passenger vehicle sales in China slowed down in March compared to the first two months of the year, mainly due to the stricter regulation imposed by the government on vehicle ownership aimed at controlling increasing pollution and traffic congestion in the country. According to the China Association...

21Apr2013 | | Comments Off | Continued

(TM) Will Falling Yen Cut U.S. Automakers?

Japan seems to have joined the bandwagon. Last week, Bank of Japan (BOJ) announced a major quantitative easing (QE) program in an effort to revive the economy out of deflationary pressure that lasted more than a decade. The credit goes to Shinzo Abe – the new prime minister of Japan – and certainly...

18Apr2013 | | Comments Off | Continued

(F) Ford Motor Sees Lower Margins in North America

Ford Motor Co. (F) revealed that its operating margins from North American operations will come down to 10.0% in 2013 from 10.4% last year as it expects the lion’s share of sales to generate from less-profitable small cars rather than...

18Apr2013 | | Comments Off | Continued

(VALE) Steel Industry Stock Outlook – March 2013 – Zacks Analyst Interviews

About the Steel Industry Given the unique combination of strength, formability and versatility in steel; it is deployed across various industries including construction, transport, electrical appliances, food packaging and others. Steel products are classified into four broad...

9Mar2013 | | Comments Off | Continued

(GM) Auto Industry Stock Outlook – February 2013 – Zacks Analyst Interviews

The auto industry is highly concentrated. The top 10 global automakers account for roughly 80% of the worldwide production and nearly 90% of total vehicles sold in the U.S. In January 2013, General Motors Company (GM) led with...

14Feb2013 | | Comments Off | Continued

(GM) China Auto Sales Lag Guidance

According to the China Association of Automobile Manufacturers (CAAM), vehicle sales in China grew 4.3% to 19.3 million units in 2012, including a 7.1% gain in December to 1.8 million units. Despite being higher than the 2011-level of 2.5%, sales growth is lower than the 8% growth projected by CAAM...

16Jan2013 | | Comments Off | Continued

(GM) General Motors Recalls Vehicles to Fix Hood Latches

General Motors Company (GM) decided to recall 145,628 units of mid-sized pickup trucks across its global markets because their hoods can open unexpectedly and obstruct the driver’s view, increasing the risk of a crash. The...

10Jan2013 | | Comments Off | Continued

(XL) XL Group Chareged With Breach of Contract

Last week, California-based automaker – Fisker Automotive, filed a lawsuit against XL Group Plc (XL) for the infringement of the pledged insurance coverage. XL Insurance America Inc.’s policy contract with Fisker compels...

1Jan2013 | | Comments Off | Continued

(LAD) Lithia Motors Increases Credit Facility

Lithia Motors Inc. (LAD) announced that it has increased its five-year revolving syndicated credit facility by $150 million to $800 million with ten institutions. The credit facility is expected to mature in April 2017. The...

26Dec2012 | | Comments Off | Continued

(GM) General Motors Idles Kansas Plant

General Motors Company (GM) idled the Fairfax, Kansas plant on December 3 in order to control oversupply of Chevrolet Malibu midsize sedan manufactured at the plant. On December 1, the automaker had a 164-day supply of Malibu, which...

23Dec2012 | | Comments Off | Continued

(GM) Steel Industry Stock Outlook – November 2012 – Zacks Analyst Interviews

Steel industry in today’s world can well be termed as the backbone of the economy, given its varied usage, be it in construction, transport, electrical appliances, food packaging, etc. In terms of its composition, steel is an alloy of iron and carbon containing less than 2% carbon and 1% manganese...

30Nov2012 | | Comments Off | Continued

(PNW) Utility Industry Stock Outlook – October 2012 – Industry Outlook

As would be expected, the growth of the utility industry is tied to overall economic conditions. As per the U.S. Energy Information Administration (EIA), energy consumption in the United States will increase 0.3% annually from 2010 through 2035. EIA’s assumption takes into consideration modest growth...

26Oct2012 | | Comments Off | Continued

(AN) AutoNation Misses Earnings Estimates

AutoNation Inc. (AN) witnessed a 37.5% increase in earnings per share to 66 cents in the third quarter of 2012 from 48 cents in the corresponding quarter last year. However, profits missed the Zacks Consensus Estimate by a penny. In...

25Oct2012 | | Comments Off | Continued

(BWA) BorgWarner Boosts VCT Technology

BorgWarner Inc. (BWA) is set to expand its variable cam timing (VCT) technology with a complete suite of new cam phasing technology for I4 engines. The cam phasing technologies include cam torque actuated (CTA) and torsional assist...

23Oct2012 | | Comments Off | Continued

(AN) AutoNation Sales Climb 23% in September

AutoNation Inc. (AN) has registered outstanding new vehicles sales in September 2012. Sales in the month rose 23% year over year to 22,982 vehicles. The growth was attributable to higher demand for imported vehicles along with higher...

17Oct2012 | | Comments Off | Continued

(GM) Auto Industry Outlook and Review – October 2012 – Industry Outlook

The automotive industry is highly concentrated, with the top-10 global automakers accounting for roughly 80% of worldwide production and nearly 90% of total vehicles sold in the U.S. In the first nine months of 2012, General Motors Company (GM)...

16Oct2012 | | Comments Off | Continued

(TM) China Auto Sales Weaken

Auto sales in China have weakened driven by a territorial dispute, sluggish economy and stringent government policy on vehicle registration. According to China Association of Automobile Manufacturers (CAAM), sales of passenger vehicles fell 1.8% year over year to 1.62 million units in the country...

14Oct2012 | | Comments Off | Continued

(TM) U.S. Auto Sales Best Since March 2008

In September, U.S. auto sales reached its highest monthly seasonally adjusted annual rate (SAAR) of 14.9 million vehicles since March 2008, four months after the global economic recession set in. On a SAAR basis, sales went up 13.7% from 13.1 million vehicles in September last year while total sales...

9Oct2012 | | Comments Off | Continued

(F) Ford Upgraded to Neutral

We have upgraded our long-term recommendation on Ford Motor Co. (F) to Neutral. The largest automobile producers is benefiting from its investments in the emerging markets and focus on hybrid vehicles. However, we are concerned about...

9Oct2012 | | Comments Off | Continued

(F) Ford Recalls Edge SUVs

Ford Motor Co. (F) plans to recall 5,500 units of midsized sports utility vehicles (SUVs), Edge, in order to fix their defective fuel lines that could potentially cause fire. The recall will cover the vehicles that are equipped with...

8Oct2012 | | Comments Off | Continued

(F) Ford Motor to Boost Workforce

Ford Motor Co. (F) is increasing its workforce at the Flat Rock Assembly plant by adding roughly 1200 workers, according to sources. The new employees will be engaged in the production of the 2013 Fusion sedan at the Detroit-area plant. Ford...

18Sep2012 | | Comments Off | Continued

(AN) AutoNation’s Sales Soar in August

AutoNation Inc. (AN) recorded an outstanding performance in new vehicle sales in August. Sales in the month rose 28% year over year to 23,213 vehicles. The meteoric rise was attributable to higher demand for both imported and domestic...

10Sep2012 | | Comments Off | Continued

(GM) U.S. Auto Sales Report Best August in Five Years

Light vehicle sales in the U.S. in August improved 19.9% to 1.29 million vehicles, which is the highest monthly figure for any August since 2007. According to Autodata Corp., seasonally adjusted annual rate (SAAR) during the month was 14.52 million vehicles, up 16% from the year-ago level. The...

6Sep2012 | | Comments Off | Continued

(GM) General Motors Company Recalls Midsize SUVs

General Motors Company (GM) plans to recall 249,260 units of midsize sport utility vehicles (SUVs) in order to fix a potential fire hazard led by an electrical short. The recall would cover Chevrolet Trailblazer and GMC Envoy SUVs as...

21Aug2012 | | Comments Off | Continued