Two of the leading German car makers, DaimlerAG(NASDAQOTH: DDAIF.PK) and Volkswagen AG (NASDAQOTH: VLKAY), have reported massive drops in profits in their most recent earnings releases. Daimler is the world’s third biggest luxury car-marker and the owner of the iconic Mercedes brand of cars and trucks. Volkswagen, the parent of Audi and the maker of the Beetle, has been eying global expansion, particularly in China, as it more »
General Motors(NYSE: GM) has excited investors with its lower European losses in the first quarter. It also earned brownie points for outperforming rival Ford(NYSE: F), which has posted more than double the losses of GM. Huge round of applause to GM for making this happen--but the story is not yet over.
Both GM’s and Ford’s losses of $175 million and $462 million, respectively, tell the story more »
Car and truck makers sold 18.9 million vehicles in China last year, up 2.7% from a year ago, with growth sputtering from highs of 30% in 2010 and 42% in 2009. After overtaking the U.S. in 2009, China became the world’s largest auto market.
Ford (NYSE: F) unfortunately, entered the market late; in 2003. Ford CEO Alan Mulally , who plans to steer $5 billion in four more »
Recently, Ford Motor Company (NYSE: F) and Toyota Motor Corp. (NYSE: TM)bothclaimed that they had the world’s best-selling car model in 2012. Toyota’s iconic Corolla has been on top for so long that it’s usually fait accompli, but this time Ford claimed, on the back of data provided by automotive research and marketing firm Polk & Co., that it sold 1.02 million Ford Focuses while more »
The auto industry has seen strong growth recently, and is poised for further growth as the year progresses. New car buyers are benefiting from low interest rates and increased credit availability. Top-selling automakers are pointing towards new car and truck sales moving past 15 million, the highest since 2007, mainly due to increased availability of financing. According to a Bloomberg Survey, U.S. light-vehicle sales probably climbed 3.7% in more »
The Japanese carmaker Toyota(NYSE: TM) managed to maintain its top spot as the largest automaker in the first quarter of the year despite worries in China. The company, which was hit hard by the series of natural disasters in 2011, made an impressive comeback by dethroning arch-rival General Motors(NYSE: GM) to regain its lead. And now the auto giant continues to outsell all other industry players for the more »
Shares of Netflix(NASDAQ: NFLX) were up nearly 25% on April 23 after the growing company reported better than expected earnings. This is not the first time Netflix shares have surged after positive results. Shares gained over 42% on Jan. 24 after the company reported a surprise profit. What did these two gains have in common other than a basis in tangible news? Short sellers of the stock got burned more »
For years now Ford(NYSE: F) has paid for its late entry in China and significantly lagged its global compatriots. The company entered this market in 2003, about 18 years after Volkswagen (ADR)(NASDAQOTH: VLKAY)and four years later than General Motors(NYSE: GM).
Ford was probably waiting for some big opportunity which it could leverage to make it big in China. And now the time has come. CEO Alan more »
When most American investors think about investing in the auto industry, they usually focus on a few big names: General Motors(NYSE: GM), Ford(NYSE: F) and Toyota(NYSE: TM). However, there is one major growing company that is often overlooked - Volkswagen(NASDAQOTH: VLKAY), the third largest automaker in the world - since it is only available to U.S. investors on the OTC pink sheets. However, Volkswagen is a company more »
When most American investors think about investing in the auto industry, they usually focus on a few big names: General Motors(NYSE: GM), Ford(NYSE: F) and Toyota(NYSE: TM). However, there is one major growing company that is often overlooked - Volkswagen(NASDAQOTH: VLKAY), the third largest automaker in the world - since it is only available to U.S. investors on the OTC pink sheets. However, Volkswagen is a company more »
Tough economic conditions are getting the better of everyone in the European auto market. In 2012, car sales hit a 17-year low and the situation is likely to get worse in 2013. Even giants like General Motors(NYSE: GM) are left with no choice but to bow down to the pressure. In its quest for breaking even by 2015 (read survive in Europe), the company is taking many hard decisions more »
After blowing past the all-important $40 per share mark, many investors are wondering what the future holds for Silicon Valley’s automaker, Tesla Motors(NASDAQ: TSLA). The announcement that drove Tesla shares was the beating of deliveries expectations with the number of Model S sedans delivered reaching 4,750 units versus the expected 4,500 units. This figure, combined with the announcement of profitability on both a GAAP and non-GAAP more »
After blowing past the all important $40 per share mark, many investors are wondering what the future holds for Silicon Valley’s automaker, Tesla Motors(NASDAQ: TSLA). The announcement that drove Tesla shares was the beating of deliveries expectations with the number of Model S sedans delivered reaching 4,750 units versus the expected 4,500 units. This figure, combined with the announcement of profitability on both a GAAP and more »
If there is one company that Americans are sentimental about, it's probably General Motors(NYSE: GM). Having bailed out the US’ number-one auto manufacturer with their own hard earned money, US taxpayers should feel a connection with the company somewhere deep down inside.
Now that the bankruptcy is a story for the history books, it's good to see that GM is slowly recovering. It is doing solid business more »
If there is one company that Americans are sentimental about that is probably General Motors(NYSE: GM). Having bailed out the US’s number one auto manufacturer with their own hard earned money somewhere deep down the US citizens feel a deep connect with the company. Now that the bankruptcy is a story for yesteryears it is good to see that GM is slowly recovering. It is doing solid business more »
Apple (NASDAQ: AAPL) has been in the news again during the last few weeks due to legal troubles in China and Europe. The technology giant has recently lost its smartphone market leadership to Samsung and can ill afford to be involved in any more legal squabbles. The discussion below shows that these legal disputes might not have any immediate repercussions for Apple, but the increasing bargaining power of telecom operators more »
According to Bloomberg, as of Mar. 21, J.C. Penney(NYSE: JCP) has a 42.6% short interest. This means that of J.C. Penney's entire float of 219.2 million shares, there are more than 93 million that have been shorted. What this immediately tells us is that investor sentiment for J.C. Penney is very low. Nearly half of all J.C. Penney investors are betting for more »
It looks like there is no respite for Toyota(NYSE: TM) in China. Ever since territorial disputes sparked in second half of 2012 the Japanese auto makers have been fighting a relentless battle against falling sales. China was, in any case, a preferred destination for automakers around the world and with Japanese companies taking a backseat, global giants like GM(NYSE: GM) and Volkswagen(NASDAQOTH: VLKAY) are fast gaining ground more »
Volkswagen AG's(NASDAQOTH: VLKAY) Audi AG has accelerated from out of sight into the heart of the rear-view mirrors for the companies atop the luxury car market, and for BMW (NASDAQOTH: BAMXY) and Daimler AG (NASDAQOTH: DDAIF.PK), the objects in their mirrors are definitely closer than they appear.
Okay, I know, enough with the car puns. Still, Audi has crept up on the two leaders of the market, and more »
Daimler’s (NYSE:DAI) stock has witnessed a high level volatility in recent times, and after sinking as low as $45 during 2012, it has rallied its way back to $57 level. With a 30% gain already in the pocket and a positive outlook, the stock looks set for another sharp rally. The US market is highly attractive for the carmaker, and even though the macroeconomic conditions have been extremely more »
