Automobile Industry 01 (Aug 08 - Sep 15)

Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Thu Sep 10, 2015 4:05 pm

China Aug Passenger Auto Sales Volume Down 3.4% YoY

Data from China Association of Automobile Manufacturers showed that China's vehicle sales volume dropped 3% year-on-year to 1.6645 million units in August;

Meanwhile, passenger cars sales volume amounted to 1.42 million units, down 3.4% from a year earlier.

Source: AAStocks Financial News
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Fri Sep 11, 2015 9:32 pm

'From big to strong': China sees competitive edge in green cars

Source: Reuters

http://www.reuters.com/article/2015/09/ ... sinessNews
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Postby behappyalways » Tue Sep 22, 2015 5:41 pm

Volkswagen's US boss: We totally screwed up
http://www.cnbc.com/2015/09/21/volkswag ... gging.html
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Europe - Stocks

Postby behappyalways » Wed Sep 23, 2015 12:20 pm

The EPA said that the fine for each vehicle that did not comply with federal clean air rules would be up to $37,500 (£24,000). With 482,000 cars sold since 2008 involved in the allegations, it means the fines could reach $18bn.

Volkswagen facing multiple US probes
http://www.bbc.com/news/business-34332452
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Wed Sep 23, 2015 4:30 pm

U.S. Automakers Hope to Ride Jump in Car Sales

While bulls abound in car sales, returns are still mixed from automakers

By Josh Enomoto

Source: Investor Place

http://investorplace.com/2015/09/us-aut ... gJiidIirIU
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Postby behappyalways » Thu Sep 24, 2015 10:02 am

Cleaner, More Fuel Efficient Cars Will Be Made of Aluminum Alloy, Analyst Says
http://english.caixin.com/2015-09-23/100855674.html
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Fri Sep 25, 2015 7:13 am

Disruptive Technology That Could Wipe Out the Traditional American Auto Industry

Trend(s): Ride-sharing and -hailing, self-driving cars, urbanization, climate change, currency headwinds

Explanation: The assertion that automakers face significant long-term challenges seems a little kooky at first glance. But it’s always a good exercise for investors (or anyone, for that matter) to challenge their most basic assumptions.

There’s no debating the fact that 2015 is turning out to be an extremely strong year for the auto industry. Toyota (TM) exec Bill Fay said in July that he expects this to be the best year for U.S. car sales since at least 2005, when there were 16.94 million new vehicle sales. Taking August data into account, we’re now on pace for 17.4 million car sales, which would match the record high set back in 2000.

However, with the rise of Uber and the sharing economy, traditional automakers should treat these next few years as if they were the all-time peak for auto sales, because they very well might be.

The average car has a utilization rate of about 4% over its lifetime, meaning 96% of the time it’s idly parked, unused. A more efficient economy would have fewer car owners and more people carpooling, leasing their cars out or hopping rides for a small fee.

The global trend of urbanization, in which a larger and larger percentage of the population lives in urban areas each year, ensures that ride-sharing will become more and more appropriate, and perhaps necessary. Public transit should also become increasingly prominent; expect to see more propositions like Elon Musk’s Hyperloop.

It’s worth mentioning that ride-sharing, ride-hailing and public transportation are also lower-footprint ways to get around, and as concerns over climate change accelerate and governments incentivize eco-friendliness, the traditional automakers will need to adapt.

And right now, traditional automakers are behind the curve.

The inevitable rise of disruptive technologies like self-driving/electric cars, which are already being developed by Google (GOOG, GOOGL), Tesla (TSLA), Uber and perhaps Apple (AAPL), hasn’t been embraced with quite the same fervor by American automakers like Ford (F) and General Motors (GM), which are more or less twiddling their thumbs on the sidelines.

Alas, they twiddle at their own peril.

Finally, the reason that American automakers face a stronger threat than foreign carmakers stems from currency headwinds and higher labor costs.

While currency headwinds don’t pose long-term threats by necessity, the dollar has been strong enough for long enough that overseas competitors are enjoying meaningful cost savings today that they can reinvest for tomorrow. In January, Ford’s CFO alleged that Toyota alone was reaping a $10 billion advantage, or as much as an extra $11,000 in profit per car, from the weak yen.

With the presence of unions and pressure for higher minimum wages mounting, we can expect U.S. automakers to keep moving American jobs overseas to boost their bottom lines and remain price-competitive. But they shouldn’t expect that to play out without catching some major backlash from American consumers.

Major At-Risk Stocks: Ford, General Motors

Source: Investor Place
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Postby behappyalways » Tue Sep 29, 2015 11:04 am

Audi and Skoda say 3.3m cars have 'cheat' emissions software
http://www.bbc.com/news/business-34377443
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Tue Sep 29, 2015 2:56 pm

Sep 23, 2015

Fitch: Growth in China's Passenger Car Market to Fall to Around 5%

The rating agency Fitch mentioned that China's passenger car market has entered the "New Normal" for a slower growth.

It expected the annual sales growth in the next three to five years to decrease to around 5% from 20% in the past five years.

The slowdown was mainly attributable to :-
1. the Mainland macroeconomic slowdown,
2. a more mature automobile market as compared to ten years ago,
3. a significantly higher base,
4. more restricted emission policies in major cities as well as
5. the industrial transformation to new energy cars.

Source: AAStocks Financial News
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Tue Sep 29, 2015 2:57 pm

Sep 23, 2015

Fitch: EBIT Margin for China's Car Industry to See Downside Pressure

Jing Yang from the rating agency Fitch mentioned in a teleconference meeting that the competition China's automobile industry must turn into a "white-hot" one in the "new normal" and its EBIT margin will see downside pressure.

The large-scale state-owned automobile companies with sino-foreign joint ventures can enjoy more advantages.

Source: AAStocks Financial News
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