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Stock Market & Financial Investment News

News Breaks
April 23, 2012
07:00 EDTTM, NSANY, HMCJapan's major auto manufacturers on the rebound, WSJ reports
A year after Japan's auto industry's production was disrupted by natural disasters, unfavorable exchange rates and a weak lineup, their major auto firms--Toyota (TM), Honda (HMC) and Nissan (NSANY)--are poised to race ahead in fiscal 2012, reports the Wall Street Journal. Reference Link
News For TM;HMC;NSANY From The Last 14 Days
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January 26, 2015
15:44 EDTNSANYKCP&L plans to install, operate 1,000 electric vehicle charging stations
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January 23, 2015
11:54 EDTHMCHonda chooses Takata rival as supplier for Accord air bags, Reuters says
According to two people with knowledge of the matter, Honda (HMC) has chosen a Takata (TKTDY) rival to supply air bags for the next North American version of its Accord sedan, Reuters reports. Reference Link
January 21, 2015
19:18 EDTTM, NSANY, HMCLower oil prices could boost car and truck sales, CNBC reports
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13:53 EDTTM, NSANY, HMCGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
January 20, 2015
12:51 EDTTMToyota sees 2015 global sales dropping to about 10.15M units, Nikkei says
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January 15, 2015
06:30 EDTTMGoogle in talks with major automakers on driverless cars, Reuters reports
Google (GOOG) is in talks with many of the top automakers in the world, including Toyota (TM), GM (GM) and Ford (F), about developing driveless vehicles, the director of Google's self-driving car project said yesterday, according to Reuters. The tech giant has also hired a group of "traditional and nontraditional suppliers" to bolster its efforts, with Nvidia (NVDA) one of the latter group, the news service quoted the executive as saying. Google aims to bring driverless vehicles to the market by 2020, the executive said, Reuters reported. Reference Link
January 14, 2015
12:30 EDTTMToyota targets 2015 U.S. sales 2.4M vehicles, growing in line with industry
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07:34 EDTTMDeutsche Bank to hold a conference
2015 Global Auto Industry Conference is being held in Detroit on January 13-15 with webcasted company presentations to begin on January 14 at 7:15 am; not all company presentations may be webcasted. Webcast Link
January 13, 2015
07:29 EDTTMToyota to build three new plants, Reuters says
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07:25 EDTTM, HMC, NSANYNew NHTSA head says 2015 may see more recalls than record-setting 2014, WSJ says
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06:30 EDTHMCHonda brings Acura NSX back after 10-year hiatus, WSJ reports
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