-
Automakers Post Mixed June Sales Results; GM Eyes Potential Interest Rate Cut
Tuesday, July 2, 2019 - 2:22pm | 506Read More...The big carmakers had mixed sales results in June, with the market showing continued demand for light trucks and SUVs, but declines in sales of passenger cars. The nameplates that have made a push into truck sales were the better performers in June. Fiat Chrysler Automobiles NV (NYSE:...
-
What's Next For Fiat Chrysler?
Monday, June 10, 2019 - 11:06am | 343Read More...Fiat Chrysler Automobiles NV (NYSE: FCAU)'s merger talks with European automaker Renault fell apart, and the next step for the company is a return to "business as usual," according to Peter Cappelli, a management professor at Wharton School of Business. What Happened Fiat...
-
Leaner And Meaner: Ford Is The Only Auto Stock Cramer Likes
Tuesday, May 7, 2019 - 12:21pm | 451Read More...Ford Motor Company (NYSE: F)'s days of producing a "one-car-fits-all worldwide strategy" have passed — which makes it the only auto stock worth buying, according to CNBC's Jim Cramer. What Happened Ford's transformation is the "real deal" as the company no...
-
GM To Close 7 Plants, Chop 15% Of Salaried Workforce
Monday, November 26, 2018 - 11:44am | 546Read More...General Motors Company (NYSE: GM) is closing five plants in 2019 as part of plans to cut $4.5 billion in costs and lower capital expenditures by $1.5 billion by 2020, the automaker said Monday. Assembly lines in Oshawa, Ontario; Detroit; and Warren, Ohio, and propulsion plants in White Marsh...
-
Ford's Stock Has Best Day In 7 Years After Delivering Results Where It 'Matters Most'
Thursday, October 25, 2018 - 3:49pm | 592Read More...Ford Motor Company (NYSE: F) reported mixed third-quarter results Wednesday, but that didn't stop investors form buying up the stock. Shares closed higher by 9.9 percent at $8.99. That's the biggest move for the stock since Aug. 9, 2011, when shares jumped about 10 percent from $9.78 to $10...
-
Goldman Downgrades GM On Absolute Downside In 2018
Monday, October 30, 2017 - 9:20am | 411Read More...Shares of General Motors Company (NYSE: GM) were trading lower by more than 3 percent early Monday morning likely in reaction to a downgrade by analysts at Goldman Sachs. The firm's David Tamberrino downgraded General Motors' stock rating from Neutral to Sell with an unchanged $32 price target (see...
-
GM Could Have Difficulty Achieving Its Year-End Inventory Target
Thursday, September 7, 2017 - 9:52am | 486Read More...General Motors Company (NYSE: GM) reiterated at the end of August its year-end target of lowering its 88 days of U.S. inventory down to 70 days. However, after taking a deep dive into the automaker's prospects, Buckingham Research Group's Joseph Amaturo has some doubts the targets can be...
-
Why One Analyst Says Fiat Chrysler Is Still One Of The Most 'Enticing' Stocks In Its Universe
Tuesday, September 5, 2017 - 2:49pm | 461Read More...Shares of Fiat Chrysler Automobiles NV (NYSE: FCAU) are higher by more than 70 percent since the start of 2017, but analysts at Deutsche Bank aren't ready to call for an end to the stock's run. The firm's Rod Lache maintains a Hold rating on the Italian-listed stock but noted the risk to reward...
-
What Happens When Tesla Starts Taking Used Car Market Share?
Thursday, August 24, 2017 - 2:24pm | 496Read More...Good things happen if you’re Tesla Inc (NASDAQ: TSLA), not so good things if you’re any other automaker. “Consumers are going to feel better purchasing a used Tesla as opposed to a used traditional car with hundreds of thousands of miles on it,” Gene Munster, managing...
-
Considering The Possibilities Of A Fiat Chrysler Break Up
Wednesday, August 23, 2017 - 12:01pm | 401Read More...Fiat Chrysler Automobiles NV (NYSE: FCAU) was trading higher Wednesday on news suggesting a potential spinoff of its Maserati line and other parts. Jefferies analysts Philippe Houchois and Ashik Kurian had been excited even ahead of reports, when the market passed mere speculation of interest by...
-
No Respite In June As Auto Sales Continue To Skid
Monday, July 3, 2017 - 11:45am | 800Read More...June signaled continuity for the year's auto trend, as automakers continued to report lackluster sales. The sixth month of the year had the same selling days in 2017 as that of 2016. As the trend would have it, car sales continued to head southward. With U.S. automakers looking to wean them off...
-
Which Is A Better Investment: Automakers, Auto Suppliers Or Car Parts/Service Providers?
Saturday, April 29, 2017 - 9:33am | 1347Read More...With the economy faring relatively well amid resurgence in consumer confidence and in turn spending, the milieu is relatively favorable for auto and auto-related stocks. Added to the positive macroeconomic backdrop, automakers have been very lavish in splurging incentives to lure customers....
-
Automakers' March Numbers Deflate Share Prices
Monday, April 3, 2017 - 1:25pm | 902Read More...Shares of automakers and auto parts retailers took a hit on Monday amid the release of lackluster March sales data, as car sales took a hit amid consumer preference for SUVs and trucks in a low gas prices environment. The "double-I" concerns, namely incentives and inventories, did not bode well for...
-
More Mergers In Motors? Reuters Reports General Motors Opel Unit And PSA Group In Talks
Tuesday, February 14, 2017 - 11:26am | 437Read More...M&A chatter helped boost automakers' stocks higher on Tuesday. According to a Reuters report, France-based PSA Group is in talks with the American automaker General Motors Company (NYSE: GM) to acquire its European Opel division. A spokesperson for PSA Group confirmed the talks with Reuters and...
-
U.S. Auto Sales Skid In January
Wednesday, February 1, 2017 - 2:35pm | 720Read More...January is typically a soft month for auto sales, as sales cool off following the frenzied activity in the previous month on the back of heavy promotions to tap the holiday fervor. Additionally, the month is seen as cool-off period before a summer build up. In line with the trend, most automakers...
















