Category Archives: financial results

Ford Motor Creates Stand-Alone China Business to Stop Loses in Its Latest Asia Pacific Shakeup

The timing seems odd as Ford is entering a busy period of product renewal in China, including the current high-volume launches of the Ford Territory, Ford Focus and Ford Escort. It’s part of Ford China’s commitment to launch 50 new vehicles by 2025. Continue reading

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Group Renault Revenues of €11.5 billion in Q3 2018 or -6%

During Q3 2018, Group Renault revenues reached €11,484 million (-6.0%). At constant exchange rates, Group revenues decreased by -1.4%. Continue reading

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Death of The Diesel – Q3 Daimler Earnings Guidance Cut

Largely affected are Mercedes-Benz Cars and Daimler Buses divisions and for the Daimler Group. They are now running at a loss now running at a loss. Continue reading

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Brexit Panic Takes Hold. Auto Industry Urges – Begs? – Negotiators to Avert the Business Killing Worst-Case Scenario

Automobile production plants – be they in the EU27 or the UK – receive and fit millions of parts into vehicles every day. All manufacturers rely on ‘just-in-time’ and ‘just-in-sequence’ delivery and production, without any delays or obstacles. These parts are in constant transit in trucks, arriving as and when they are needed. Continue reading

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Penske Automotive Increases Dividend

“Our Board of Directors are pleased to offer our shareholders an increase in the quarterly dividend for the 30th consecutive quarter,” said Penske Automotive Group President Robert H. Kurnick, Jr. Continue reading

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Dieselgate – Audi Fines of ~$1 Billion hit Porsche Guidance. Porsche is Economical with the Truth on Ongoing Risks.

Porsche rules out however a spin off ala Ferrari that could value and independent company at more than $80 billion. The remaining outstanding fraud case from the noxious diesel emissions scandal is remains ongoing in Stuttgart, where state prosecutors are investigating the role Volkswagen’s sports car brand Porsche played in the sordid diesel affair. Continue reading

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Ford Motor Company Q4 Dividend Remains $0.15

While the F-Series exceeded the 70,000-truck mark for the seventh straight month, selling 75,092 pickups in September, year-to-date the F-Series was down -8.8% in September and up 3% year-over year to date. Still, transaction pricing is running at record levels of $46,600 per truck, up $1,000 over a year ago. Super Duty transaction pricing totaled a record $59,100 per truck in September. How long can this last? Continue reading

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NAFTA Lite – US-Mexico-Canada Agreement Hurts US Workers

Roughly 30% of the 2.33 million vehicles imported to the U.S. from Mexico in 2017 don’t meet the current 62.5% content requirement. Continue reading

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Saudi’s to Finance Lucid EV

The deal claims to represent a major milestone for Lucid. It will provide it with the necessary funding to commercially launch its first electric vehicle, the Lucid Air in 2020. Continue reading

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Can New Ferrari CEO Camilleri Meet Marchionne’s Targets?

Ferrari stock year-to-date gained 19.1% compared to the 6.2% the S&P 500 Index. The stocks of other automakers are laughably weak. Fiat Chrysler (FCA) -5.2%, General Motors (GM) -8%, and Ford (F) -18.7% were easily lapped by the Prancing Horse. Continue reading

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Daimler Signs €11 billion Credit Line

The transaction was concluded on improved terms and was significantly oversubscribed, thereby proving once again that banks prefer to lend to people and institutions that don’t really need to borrow. Continue reading

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Auto Workers Oppose Trump Tariffs that Would Destroy Jobs

The United States directly benefits from GM’s ability to maintain a competitive edge and maximize the effectiveness of our operations on a global scale. The majority of the profits we earn from our global production and sales come back to the United States to support jobs, investments in our plants, and advanced R&D. Continue reading

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Rising Income Inequality Differs in Racial, Ethnic Groups

Asians overall are the highest-earning racial and ethnic group in the U.S., but it is not a status shared by all Asians. Continue reading

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US International Trade Deficit Drops. Maybe

The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero. What this means is that the U.S. continues to run an enormous deficit as President Trump embarks on a trade war that could increase the deficit more. Continue reading

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Volkswagen and Ford Alliance Under Study

Against this backdrop and with a possible shakeout as devastating as occurred more than a century ago as the automobile emerged, it’s not surprising that long established car companies are seeking collaborative agreements to share the risks, cut the cost of research, development and production and survive as an entity when taking an individual road appears one paved with doom. Continue reading

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