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Coronavirus Crushes Hopes of Chinese Car Market Recovery
Friday, March 6, 2020 - 9:28am | 861Read More...The Chinese auto industry had some great results over the past few decades. But 2019 was a second consequential year in a car sales decline. So, the trend was already going downhill when the coronavirus outbreak started amplifying the downhill slope and crushed some hopes that the Chinese car...
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'Air Taxi' Startup Joby Gets $590M Funding From Toyota, Intel, Others
Thursday, January 16, 2020 - 12:33am | 407Read More...Santa Cruz-based startup Joby Aviation has raised $590 million in a Series C funding round, the company announced Wednesday. What Happened Japanese automaker Toyota Motor Corporation (NYSE: TM) led the funding round with $394 million investments in the secretive startup that wants to make air...
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Goldman Reviews May Auto Sales, Says May Light Vehicle SAAR In Line
Thursday, June 2, 2016 - 9:32am | 474Read More...Goldman Sachs said May's light vehicle SAAR of 17.4 million was in line with GS/consensus estimates despite weaker results from General Motors Company (NYSE: GM) as foreign manufacturers took share. However, shares of GM and Ford Motor Company (NYSE: F) fell 3.42 percent and 2.89...
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Auto Companies Crush July Expectations
Monday, August 3, 2015 - 2:32pm | 814Read More...A host of automotive companies released their U.S. sales figures for the month of July on Monday. Forecasts at the end of last month by JD Power and Kelley Blue Book both anticipated more than a 3 percent year-over-year increase and the highest sales total for the month in over a decade. The...
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#PreMarket Primer: Wednesday, June 11: PBOC Looking For Stable Monetary Policy
Wednesday, June 11, 2014 - 6:30am | 1109Read More...On Wednesday morning, the People’s Bank of China announced that it was planning to keep monetary policy steady throughout 2014, despite conflicting reports from the nation’s finance ministry. The ministry reported that, total fiscal spending in May increased to 1.3 trillion yuan,...
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Ford Adding F-150 Fleet Of CNG Powered Vehicles (F)
Wednesday, July 31, 2013 - 1:32pm | 591Read More...A resurgence in demand for trucks, coupled with a desire to cut operating costs on the part of commercial fleet buyers, led Ford Motor (NYSE: F) to announce that later this year it will begin selling an F-150 pickup modified to run on compressed natural gas, according to The Wall Street Journal...
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Studies Show Americans Are Driving Less and the Reasons Vary
Monday, July 29, 2013 - 12:22pm | 553Read More...A new study by the University of Michigan Transportation Research Institute concluded that Americans are driving less. According to The Car Connection, the University of Michigan study backs up a similar study conducted by the U.S. Public Research Group in May. Michael Sivak, author of the...
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Toyota to Roll Out Competitively Priced Hydrogen Powered Car by 2015 (TM)
Thursday, June 27, 2013 - 11:58am | 565Read More...When was the last time you heard anyone discussing “hydrogen fuel cells?” Been awhile, hasn’t it? Well, get ready, they’re back! So said Bloomberg, reporting the news that Toyota Motor Corporation (NYSE: TM) plans to roll out a hydrogen fuel cell powered car in 2015. Hydrogen fuel cells have...
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Ford and Fellow U.S. Automakers Winning Market Share Battle
Thursday, May 23, 2013 - 11:28am | 570Read More...Demand for cars and trucks is up. U.S. automakers have noticed and are responding. Bloomberg noted Wednesday that number two U.S. automaker, Ford Motor Co. (NYSE: F), will add the capacity to build 200,000 more vehicles a year in North America. All this based on increased demand for Ford’s F-...
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General Motors CEO Says April Sales Will Mirror March
Friday, April 26, 2013 - 7:38am | 591Read More...General Motors(NYSE: GM) Chairman and CEO Dan Akerson told The Detroit News Wednesday he's expecting April auto sales to be about the same as those posted in March. Among Akerson’s concerns – low consumer confidence in the U.S. and weak sales and a weak economy in Europe. GM lost $1.8 billion...
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NHTSA Urges Automakers to Dial Back On Behind-the-Wheel Technology
Wednesday, April 24, 2013 - 8:19am | 544Read More...Apparently tweeting the fact that you are updating your Facebook (NASDAQ: FB) status while checking your location on satellite image GPS all at the same time isn’t such a good idea. At least not while driving down the freeway at 70 mph. So said the Transportation Department in non-binding...
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Howard Stern Loses Appeal, But Does Sirius XM Win in the End?
Monday, April 15, 2013 - 11:17am | 609Read More...Give shock jock Howard Stern credit. Despite a five-year deal worth $500 million, Stern felt he was owed another $330 million in stock bonuses from Sirius XM (NASDAQ: SIRI) – and went to court over it. Stern had claimed that Sirius should count subscribers to the former XM Satellite Radio,...
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Thai Floods, Strong Yen Wreak Havoc on Japan
Wednesday, December 28, 2011 - 1:44pm | 730Read More...A perfect storm of macro-economic uncertainty, currency environment and natural disaster has coalesced to put the Japanese economy in a precarious position. Japan saw contracted production, shipments and inventory in November. Figures just released by the country's Ministry of Economics, Trade and...
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Stay Away From Toyota's (TM) Stock
Friday, July 2, 2010 - 12:02am | 155Read More...Toyota Motors (TM) is recalling 270,000 automobiles due to engine problems. The recalls extend to the Toyota and Lexus brands. Toyota has had one problem after another recently and the auto manufacturer has seen its reputation dragged through the gutter. The problems at Toyota are very similar to...
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Auto Sales Are Rebounding
Thursday, April 1, 2010 - 2:02pm | 188Read More...It looks like things are getting better for the auto industry. According to the Wall Street Journal, sales increased for Ford, General Motors, and Toyota during the month of March. GM's quarterly sales were up 43%, Toyota's 41% and Honda's 40% over the previous year. The good news was not only...
