36.08 +0.15 (0.42%)
After hours: 6:29PM EST
|Bid||36.05 x 1000|
|Ask||36.29 x 1000|
|Day's Range||35.71 - 36.65|
|52 Week Range||30.56 - 45.52|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||68.83|
|Earnings Date||Feb 6, 2019|
|Forward Dividend & Yield||1.52 (4.16%)|
|1y Target Est||44.85|
Lime has a new way for urban commuters to get around — cars. Its new car-sharing move follow inroads by GM, Ford in e-bikes and e-scooters.
Ford's auto sales in China fell 45 percent in October from the same month last year. A government crackdown on certain forms of lending has dried up auto financing for a wide swath of China's middle class. China had for some time allowed peer-to-peer lending schemes, where wealthier people could lend money to the less wealthy.
The second-largest U.S. automaker is struggling to find its footing in China, which is in the grips of an overall slowdown in auto sales.
In the week that ended on November 9, Tesla (TSLA) stock continued to trade on a positive note for the fourth consecutive week. In the third quarter, Tesla fell 22.8%. Other auto stocks (XLY) General Motors (GM) and Ford Motor Company (F) have risen 6.0% and 1.4% quarter-to-date, respectively, while Fiat Chrysler Automobiles (FCAU) has fallen 7.1% in the fourth quarter so far.
In the week that ended on November 9, General Motors (GM) stock fell 0.9% after registering a solid rise of 10.4% in the previous week. GM stock rose 8.7% in October despite a 6.9% fall in the S&P 500 Index. It has fallen 2.4% month-to-date as of November 12.
Frequent product launches, along with robust growth in North America, aids BorgWarner (BWA). However, rise in costs, majorly due to raw materials and high tariffs, are headwinds.
The EV Drive Coalition, which also includes General Motors Co. and the Nissan Motor Co., formally launches Tuesday with the goal of getting Congress to extend the $7,500 per-vehicle consumer tax credit. The incentive is credited with helping establish the nascent market for electric cars, but it starts to phase down once a manufacturer sells 200,000 of the vehicles.
In the week that ended on November 9, Ford Motor Company (F) stock settled at $9.38, with no change from the previous week’s closing price. In the previous week, it rose 4.5%.
President Donald Trump is planning on meeting with his trade team on Tuesday to discuss a draft report on tariffs, according to Bloomberg News.
President Donald Trump plans to meet with his trade team on Tuesday, according to Bloomberg. Trump sees the threat of auto tariffs as a successful negotiating tactic, according to an Axios report on Monday. President Donald Trump plans to meet with his trade team on Tuesday to discuss a draft report on European auto tariffs, according to Bloomberg News, citing three people familiar with the matter.
The broader market ended last week on a positive note due to the gains that followed the US midterm election results on November 7. Last week, the S&P 500 benchmark (SPY) rose 2.1%. This was the second consecutive week during which US equities continued to rally.
The Volvo XC40 subcompact luxury SUV brings a wealth of standard safety features and unique design touches, as well as an option to subscribe to the vehicle.
China’s Slowdown: How Severe Is It This Time? China’s GDP grew 6.5% in the third quarter, which is the slowest expansion rate since 2009. The auto sales in China have fallen for four consecutive months.
General Motors has recharged since being bailed out by the government in bankruptcy nearly a decade ago. Electric cars make up a mere 1% of U.S. sales, but manufacturers have been required to produce an increasing number to comply with California’s zero-emissions vehicle mandate and federal fuel-economy (Cafe) standards. Since electric cars remain unattractive to consumers beyond the rarified quarters of Palo Alto or Bel Air, they typically sell at a loss.
Several new autonomous vehicle services will launch next year, but investors still need to play the long game in this market.
The Zacks Analyst Blog Highlights: ExxonMobil, Occidental Petroleum, General Motors, MetLife and Digital Realty Trust
Strong sales growth in aftermarket and OEM business drives Westport Fuel's (WPRT) consolidated revenues in third-quarter 2018. However, adjusted net loss per share lags estimates.
Volkswagen may be gunning for Tesla, or perhaps General Motors, with an electric car costing well below $30,000.