Automobiles

Auto Sector Points to Recovery

The real story in this year’s rankings of automakers by their suppliers in the 12th annual study of OEM working relations is not their overall rankings, but rather the dramatic and continuing slide of Toyota and Honda, and the continuing improvement of Chrysler Group, General Motors and Ford since 2005. While still in first and [...]

South Korea Auto Sector Update

Imported car sales in South Korea hit a new record monthly high last month due to brisk sales of diesel and hybrid models amid high Crude Oil prices, a local trade association said Friday. Sales of imported cars in April reached a new high of 10,668 vehicles in April, up 30% from a year earlier, [...]

Kia Motors (KS:00270),(PK:KIMTF) South Korea Success Story

Kia Motors (KS:00270),(PK:KIMTF) South Korea Success Story Kia Motors (KS:00270),(PK:KIMTF) beats estimates on US demand Kia Motors Corp., South Korea’s 2nd-largest carmaker, posted Q-1 profit that beat analyst estimates as demand for its Rio compacts and Sportage SUV’s boosted sales overseas more than forecast. Net income rose 26% to 1.2-T Won (US$1.1-B) in the 3 [...]

Auto Sector Grows in USA and Asia

Vehicle sales rise in US and Asia, EU lags Automakers Volkswagen (DE:VOW3), Chrysler and Hyundai (KS:005380) pulled away from the competition Thursday, reporting strong sales and profits driven by growth in the Americas and Asia. Strong sales in North America helped US maker Chrysler Group LLC, managed by majority owner Fiat Spa (MI:F), to post [...]

Dongfeng Motor Group Co. Ltd (HKG:0489) Upgraded

Dongfeng Motor Group Co. Ltd (HKG:0489) has been upgraded at Heffernan Capital Management to a strong buy with a 2013 price target of $25HKD issued by Economist Shayne Heffernan. Dongfeng is China’s second largest automaker in terms of sales. The company’s profit dropped 4.6 percent to 10.48 billion yuan ($1.7 billion) last year, largely due [...]

9th Annual Celebration Exotic Car Festival Ferrari, Maserati, Lamborghini, Bugatti, McLaren

Ferrari, Maserati, Lamborghini, Bugatti, McLaren The 9th Annual Celebration Exotic Car Festival, benefiting children’s charities, will be held April 12-15. This four-day event was named “One of the 5 Best Exotic Car Shows in the World” by Made Man magazine. Participants and spectators will be able to see some of the world’s most exotic cars, [...]

General Motors (NYSE:GM) and the Future

General Motors (NYSE:GM) announces strategic production plans General Motors Co. does not only plan to close the Opel plant in Germany’s Bochum and the plant in UK’s Ellesmere Port but plans to simultaneously boost capacity in the low-cost countries; Poland, Russia, China, India, Mexico and Brazil, according to a GM strategy paper that was presented [...]

Auto Sector Leads US Retail Sales

US Retail sales posted Strong rise in September on autos US retail sales increased 1.1%. in September, largest gainer in 7 months led by auto sale American consumers stepped up their spending on retail goods in September, a good sign for the economy. They spent more on autos, clothing and furniture last month to boost [...]

Read More » No comment October 15, 2011

General Motors seeks tie-up with BMW

11 Sept. 2011 (LTN)- General Motors Co. (NYSE:GM) is set to co-operate with German car maker BMW AG (DE:BMW) and is primarily interested in gasoline and diesel engines, according to a report in the latest edition of Spiegel magazine. Stephen Girsky, the GM board member in charge of strategic planning, has made enquiries at BMW [...]

Read More » No comment September 12, 2011

Red Alert: Harbin Electric, Inc. (NASDAQ:HRBN)

Profile: Harbin Electric, Inc.engages in the design, development, manufacture, supply, and service of electric motors in the People’s Republic of China and internationally. The company’s product lines include linear motors and integrated systems, automobile specialty micro-motors, and industrial rotary motors. Its linear motors and integrated systems comprise flat linear asynchronous motor series and flat three-phase [...]

Read More » No comment September 8, 2011

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Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …