A Note of Pessimissim from the Car Industry
Car company stocks are down around the world, for the most part, while sales have been mostly up this year. No one has adequately explained the divergence. The head of Audi, Rupert Stadler, told Reuters…
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It is amazing how large multinational car companies can see into the future and predict their sales with certainty. Toyota (NYSE: TM) says it will sell 8.48 million cars and light trucks next year.…
Saab Finally Dies
It took the better part of a year. The owners of Saab sought capital all over the world, and the search ended in China. But a deal with local manufacturers and a government bank could not…
European Car Sales Fly Into Reverse — an Omen for the U.S.?
Car sales in Europe fell last month for the first time in five months. It is no wonder. The economy in the region has approached the level of ruin. Most nations in the eurozone…
Cars So Hot They Are Out of Stock
This year is expected to be the best for domestic new car sales since 2006, the year before the recession began. The increase in buyer activity has been large enough that several car and…
Value Choices in the Auto Industry (GM, F, HTZ, CAR, ZIP, AN, KMX, CRMT, ORLY, AZO, PBY)
The month of December was the leading month for new car sales in the US in 2010. It was the second leading month in 2009, and the pattern could continue this year as pent-up…
Over 5 Years Later… Ford Reinstates Its Dividend (F, GM)
Ford Motor Co. (NYSE: F) has been halted for NEWS PENDING with a last trading price of $10.73. The move was already on the heels of a 3.16% drop today and we had been…
GM Should Discontinue the Volt
GM (NYSE: GM) has had enough problems with its Chevy Volt’s lithium-ion batteries that the National Highway Traffic Safety Administration has opened a formal investigation into fires in several vehicles it has tested. GM…
November Car Sales Expected To Be Strong–Truecar (GM, F, TM)
November car sales are expected to be strong, which would continue a string of good months for the industry, despite a rough economy Research firm Truecar reports that The November 2011 forecast translates into…
The Chevy Volt Could Ruin the Electric Car Business
It takes little bad news to ruin a new product’s launch, particularly if the product is revolutionary enough to be strange to the public. According to the National Highway Traffic Safety Administration, the new…
The Ten Cars Americans Love The Most
The recession and high gas prices have been major forces shaping Americans lives in the past several years. When it comes to the auto market they had a profound impact on our buying decisions.…
Target Prices for Auto Sector Stocks (GM, F, HTZ, CAR, ZIP, AN, KMX, CRMT, ORLY, AZO, PBY)
About three weeks ago, we looked at target prices and implied share price gains in a number of auto sector stocks. The quarterly earnings season had just begun, and hopes were pretty high for…
GM and the Folly of Long-Term Plans in China
General Motors (NYSE: GM) management says it will double sales in China by 2015, according to several media reports. GM executives should know better. It would be better to underpromise and overdeliver, a maxim…
Why American Car Sales Must Go Up
Auto sales are likely to remain strong in the U.S. However, the stock prices of General Motors (NYSE: GM) and Ford (NYSE: F) are down 30% so far this year. October domestic car sales…
Can the Chinese Save Saab?
Two Chinese car companies are about to buy Saab, but that hardly ensures that anyone will purchase cars from the nearly defunct manufacturer. “Zhejiang Youngman Lotus Automobile and Pang Da Automobile Trade have agreed…