Automobile Industry 01 (Aug 08 - Sep 15)

[winston]

China auto sales hit record 2.03 mn in January

AFP - Auto sales in China, the world's largest car market, hit a record 2.03 million vehicles last month, driven by robust demand ahead of the Chinese Lunar New Year, an industry group said Thursday.

Auto sales tend to pick up before the holiday, which starts Sunday, as people spend their New Year bonuses.

http://www.france24.com/en/20130207-chi ... mn-january

[winston]

Eight more cities in China, the world's biggest auto market, are likely to announce policies restricting new vehicle purchases, an official at the automakers association said, as Beijing tries to control air pollution.

Source: Reuters

[winston]

Automakers are trying to start a new uptrend… Ford and Nissan jump to four-month highs.

[winston]

Deutsche's valuation, earnings growth forecast for Chinese auto stocks (Table)

Stock/ 2015 estimated P/E / 2014 estimated EPS growth / 2015 estimated EPS growth
DONGFENG GROUP (00489.HK) / 6.2x / +8.7% / +13%
GAC GROUP (02238.HK) / 8.8x / +42.9% / +27%
BRILLIANCE CHI (01114.HK) / 10.3x / +28.6% / +16.5%
GREATWALL MOTOR (02333.HK) / 7.1x / +7.3% / +26.1%
GEELY AUTO (00175.HK) / 6.3x / +2.9% / +13.4%
BYD COMPANY (01211.HK) / 36.7x / +117.2% / +65.3%
WEICHAI POWER (02338.HK) / 10.3x / +13.6% / +11%
SINOTRUK (03808.HK) / 12.4x / +106.5% / +28.3%


Source: AAStocks Financial News

[winston]

Automakers are working on a new uptrend… Ford and Toyota break out to five-month highs.

[winston]

China Requires 30% of State Cars Use Alternative Energy

China is mandating that electric cars make up at least 30 percent of government vehicle purchases by 2016, the latest measure to fight pollution and cut energy use after exempting the autos from a purchase tax.

Source: Bloomberg

http://www.bloomberg.com/news/2014-07-1 ... nergy.html

[winston]

You’ll soon be paying even more for your next car by Eric Peters

If you’ve been watching the news lately, you already know all about it. And you know what’s coming on account of it.

Homer’s car – you know – the one designed by Homer Simpson, with every Rube Goldberg-esque gewgaw imaginable by the mind of a cartoon TV show idiot – is becoming a reality, courtesy of unfortunately all-too-real idiots who get to dictate car design such that it assuages their overwrought emotions.

At other people’s expense, of course.

Source: Eric Peters Auto's

http://thecrux.com/youll-soon-be-paying ... -next-car/

[winston]

Financial subsidy policy for new energy vehicle charging facilities may launch soon - report

The financial subsidy policy for the new energy vehicle charging facilities is expected to be launched soon by transferring tax income of gas stations to charging pile industry, and the amount may reach RMB100 billion, reported China Securities Journal.

Source: AAStocks Financial News

[winston]

Guangdong to promote use of green vehicles

According to the latest policy published by the Guangdong NDRC, Guangzhou and Shenzhen, should introduce 10,000 and 25,000 new energy vehicles by 2015.

Moreover, the policy requested relevant departments to speed up the construction of battery-charging stations and other ancillary facilities.

Source: AAStocks Financial News

[winston]

U.S. automakers shift into a downtrend… GM and Ford hit 52-week lows.