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Kuehne + Nagel Sees "Tough Ride" As Auto, Industrials Weaken
Tuesday, July 23, 2019 - 11:38am | 543Read More...Kuehne + Nagel (K + N) said it is cautiously optimistic on the outlook for the second half of 2019, but it will be a "tough ride in a tough environment," Chief Executive Detlef Trefzger said. The second-largest freight forwarder globally, K + N (SIX: KNIN) reported earnings per share of $1.69,...
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Today's Pickup: Carmageddon Returns As California Begins Road Closures For Work Along SR-60 Between Ontario And Riverside
Tuesday, July 23, 2019 - 10:55am | 973Read More...Good day, "Carmageddon" gripped the nation in 2011 and it is poised to do it again. The reality is outside of California, few people cared about Carmageddon in 2011, but those that moved freight certainly did. The original Carmageddon closed portions of I-405 for 55 hours as the California...
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Fiat Chrysler-Renault Merger Is A Sign Of Things To Come In The Auto Industry
Monday, June 3, 2019 - 4:40pm | 828Read More...Fiat Chrysler Automobiles (NYSE: FCAU) is seeking to woo the French government to back its bid for a merger with automaker Renault by offering a special dividend and stronger job guarantees. The French government is involved because it is Renault's largest shareholder with a 15 percent stake and...
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GM Still Riding Strong Truck Demand, But What's Down The Road?
Thursday, May 2, 2019 - 2:10pm | 307Read More...General Motors Company (NYSE: GM) turned in mixed first-quarter earnings as it continues to ride strong light truck demand. Morgan Stanley remains along for the ride right now, but cautious about what’s down the road. The Analyst Morgan Stanley’s Adam Jonas reiterated an Overweight...
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Apple, Amazon, Tesla And The Changing Dynamics Of The Car Industry
Saturday, August 19, 2017 - 8:43am | 1743Read More...This article originally appeared on Contrarian Edge in 2015 and is republished with permission. After I submitted my previous column to the Institutional Investor Magazine, on the financial innovation taking place at Apple Inc (NASDAQ: AAPL), I learned that Sprint Corp (NYSE: S), T-Mobile US...
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80th Anniversary Of The UAW Strike That Changed The U.S. Auto Industry Forever
Sunday, February 12, 2017 - 11:25am | 345Read More...Exactly 80 years ago this week, the end of the Flint, Michigan sit-down strike marked the effective beginning of the United Automobile Workers (UAW) as one of the largest, most powerful labor unions in the country. The UAW formed way back in 1935, but the union picked General Motors Company (NYSE:...
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Automakers In Top Gear As November Sales Accelerate
Thursday, December 1, 2016 - 12:34pm | 532Read More...Automakers are truly in the fast lane, as is evident from the monthly sales results reported for November by companies within the space. Easy credit terms, heavy promotions, two extra selling days this year, benign gas prices and buoyant consumer confidence have all served to work in unison to...
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Trader's Guide To Volatility: Automakers Vs. Auto Suppliers
Saturday, November 5, 2016 - 6:15pm | 715Read More...Volatility is the name of the investment game, and all investments have some degree of volatility built into them, with only the degree varying. A look into how stocks of automakers fared relative to auto parts suppliers in the sessions following the release of their quarterly results reveals...
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Q3 Bottom Line Beats From GM And Chrysler; Will Ford Be Next?
Tuesday, October 25, 2016 - 2:20pm | 287Read More...The automobile sector kicked off Q3 earnings results in a positive fashion. Both General Motors Company (NYSE: GM) and Fiat Chrysler Automobiles NV (NYSE: FCAU) delivered better-than-expected results for the September quarter. GM reported EPS of $1.72 on revenue of $42.8 billion. This topped...
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Investors In Auto Group Position Themselves Ahead Of Q3 Earnings
Monday, October 24, 2016 - 2:58pm | 438Read More...The current week will see General Motors Company (NYSE: GM) kick-starting the earnings season for the automobile sector. The September quarter was not an easy one given the tough year-ago quarter comparisons. On a unit-wise, the leading companies struggled to post growth in the United States....
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Auto Industry Shifting From New To Used? CarMax Consistently Outperforms During Car Stock Weakness
Monday, October 24, 2016 - 2:22pm | 396Read More...New car sales have no doubt been on a hot streak. Coming off a record year in 2015, and what looked to be shaping up as another historic industry, there are now threats that the trend has since reversed. A combination of higher cash incentives and 0 percent financing to entice consumers have cut...
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Goldman Remains Cautious On Auto Sector, Says 'The Next Leg Is Down'
Thursday, October 6, 2016 - 10:47am | 852Read More...The U.S. auto cycle is currently held at a plateau after peaking in 2015, said Goldman Sachs analyst David Tamberrino. Increasing OEM incentives is the key reason the market has held at a plateau, according to the analyst. “We believe this environment can hold through 2017, but we see a path...
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Barclays Sees September Auto Sales Are 'Solid' But Of 'Weaker Quality'
Friday, September 30, 2016 - 9:24am | 616Read More...Previewing the auto sales results for September due to be released next week, Barclays said the month's headline seasonally adjusted annual rate, or SAAR, suggests solid, albeit weaker numbers. The Numbers Barclays auto and auto parts analyst Brian Johnson estimates light vehicle SAAR of 17.6...
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The Auto Industry Can Benefit From Pent-Up Demand, Bloomberg Reports
Friday, September 30, 2016 - 8:09am | 394Read More...The U.S. auto industry has been on fire over the past six years, but not all analysts are playing the doom and gloom card. According to a Bloomberg report, Jeff Schuster of LMC Automotive was one of the first auto experts to call for a contraction in the industry in 2016. However, he is now saying...
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Most Automakers Report U.S. Sales Decline During July
Tuesday, August 2, 2016 - 1:13pm | 588Read More...While most of automakers reported sales drop in the United States in July, thus triggering a selloff in the auto counter, there are also few positives to look upon. On a unit-wise basis, the sales were below than the expected levels. However, TrueCar Inc (NASDAQ: TRUE) sees that automakers have...
