General Electric Company (NYSE:GE) furloughs more workers as union strike enters fourth week The United Auto Workers’ strike against General Motors, now in its fourth week, is continuing to hit the automaker’s operations outside of the U.S. The company halted production of a V-8 engine and transmission at its engine plant in Ramos Arizpe, Coahuila, […]
Negotiations to resolve a three-week-old strike at General Motors for better pay, benefits and job security have taken “a turn for the worse,” a top negotiator with the United Autoworkers Union said Sunday. “After making some progress on important issues a couple days ago, the company has shown an unwillingness to fairly compensate the great […]
$GM General Motors (NYSE:GM) Chairman/CEO Mary Barra said her face-to-face session with President Trump Thursday was “productive and valuable, declining specifics. The head of the largest US automaker met with President Trump after he stepped up attacks on the Detroit automaker. He has been hammering GM for much of the last year after the company […]
$TSLA Electric luxury cars and sport utility vehicles like those made by Tesla (NASDAQ:TSLA) may be 40 per cent more likely to cause accidents than their standard engine counterparts, possibly because drivers are still getting used to their quick acceleration, French insurer AXA said. The numbers, based on initial trends from claims data and not […]
$GM FLASH: For the 1st time in its history, Chevrolet has unveiled mid-engine Corvette. The US automaker revealed the 2020 Corvette Stingray Thursday night in Tustin, California, about 35 miles southeast of Los Angeles. GM officials said. The engine shift is designed to give the legendary sports car greater agility. The 8th-generation Corvette aka C8, also puts […]
General Electric Company (NYSE:GE) agreed to sell a majority stake in a solar-energy business to BlackRock General Electric Co. agreed to sell a majority stake in a solar-energy business to BlackRock Inc., giving the investment giant footing in a growing market as the ailing manufacturer shifts its focus elsewhere. A fund managed by BlackRock’s Real […]
$F, $GM, $FCAU, $TM FLASH: America is open for business. US manufacturing output accelerated in June, climbing for the 2nd month running, thanks in large part to increased production of motor vehicles and parts. The Federal Reserve said Tuesday manufacturing production rose 0.4% last month, above the 0.2% expected by analysts in a poll. The June numbers […]
$F, $GM, $TM, $FCAU The major automakers Tuesday posted mixed US sales results for June and Q-2 with demand still fairly strong for SUVs and pickup trucks while passenger car sales continued a long-running decline. Overall, US auto sales are slowing after a long Bull run that has satiated replacement demand. In a significant development […]
$AMD, $CTL, $DLPH, $APPS, $F, $GM, $LEA, $TTWO, $TSLA Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of The Street’s Key analysts outlook for Key issues for Friday follows: Advanced Micro Devices Inc. (NASDAQ:AMD) was […]
$TSLA, FCAU, GM FLASH: Tesla’s (NASDAQ:TSLA) stock is at 3 year lows Bernstein analyst Max Warburton says that while there may be some tepid interest in Tesla’s assets, it’s unlikely a European carmaker would buy the company. “What assets are attractive? Tesla no longer has genuinely differentiated tech. The production plant is sub-par. The Gigafactory […]
$FCAU, $RNLSY Fiat Chrysler (NYSE:FCAU) crafted and presented a balanced merger of equals to Renault (NASDAQ:RNLSY) Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s 3rd-biggest automaker. If it goes ahead, the $37-B tie-up would alter the landscape for rivals including General Motors (NYSE:GM) and Peugeot maker PSA Group […]
$TSLA,$GM, $F Tesla’s (NASDAQ:TSLA) stock price dive another 5% Friday to its lowest mark in 2 years, -15% on the week, as it reported worse-than-expected Quarterly results accompanied with another ‘cheer-lead’ by embattled CEO Elon Musk on autonomous cars that failed to convince investors. Tesla needs capital and the market smell blood, bringing on the […]
$BIIB, $BSX, $CLOV, $GM, $GERN, $SHOP Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of The Street’s Key analysts outlook for Key issues for Thursday as follows Biogen Inc. (NASDAQ:BIIB) was maintained as Market Perform […]
$RACE, $GM, $F Wayne Taylor Racing (WTR) claimed victory in a rain shortened 24 Hours of Daytona that saw Fernando Alonso, Jordan Taylor, Kamui Kobayashi, and Renger van der Zande crowned winners. Officials took the decision to Red Flag the race shortly after the 22 hour mark having suspended the race once already for heavy […]
US internet giant Google used a legal mechanism to transfer almost 20 billion euros from the Netherlands to Bermuda in 2017 for tax purposes, a Dutch newspaper report said Friday. Google, which is owned by US parent company Alphabet, moved 19.9 billion euros ($22.7 billion) with a tax evasion strategy dubbed “Double Irish, Dutch Sandwich”, […]
$RACE, $PAG, $GM Ferrari is an auto stock to watch in Y 2019 as the iconic Italian manufacturer plans to expand its production over the next 7 years Ferrari and Penske are on the top auto stocks to buy in the New Year, Consumer Edge Research’s Jamie Albertine said on TV Wednesday. The automotive research […]
US to End Subsidies for Electric Cars and Renewable’s $F, $GM, $TSLA, $VLKAY They could end as early as Y 2020 The benefits of EVs are a myth White House economic adviser Larry Kudlow said early this week that the United States will end subsidies for electric cars and other items including renewable energy sources. […]
The Latest Iteration of America’s Sports Car, the Chevy Corvette C8 $GM, $RACE, $VLKAY America’s car spies suggest that the new mid-engined Chevrolet Corvette is coming real soon. But, I have yet to see it in the metal without camouflage, and these new renderings seen today provide an accurate vision of the coming latest iteration of America’s sports […]
Expect VW (OTCMKT:VLKAY) to Be the Most Profitable Maker of Electric Cars $VLKAY, $F, $GM, $TSLA Friday, Volkswagen (OTCMKT:VLKAY) CEO Herbert Diess said he expected the multi-brand car-making group to be the most profitable manufacturer of EVs (electric cars) thanks to economies of scale. Even 1st generation vehicles, which start rolling off production lines next […]
Now is it is Tesla (NASDAQ:TSLA) Vs the Automotive World $TSLA, $VLKAY, $GM, $F The world’s giant automakers are planning big pushes into EV production, and none bigger than Volkswagen (OTCMKT:VLKAY) is coming up to challenge fledgling Tesla in its tiny 1 plant niche market. Ok, Tesla has sold about 500,000 cars worldwide, which accounts […]
Tesla (NASDAQ:TSLA) Model S Luxury Sedan Lost its “Recommended” Rating + Earnings FLASH $TSLA The M-3 sedan, seen as Key to Tesla’s profitability, debuted in CR’s with “Average” reliability. M-X SUV is rated “Much Worse Than Average” The M-S luxury sedan dropped to “Below Average” from “Above Average” and is not recommended. Tesla actually made money last […]
Tesla (NASDAQ:TSLA) Needs $1-B+ in Cash in the Next 6 Months $TSLA Wall Street is asking: “where it it going to come from?” By the end of Y 2018 Tesla needs to come up with about $1-B to give to creditors, it does not have it. So, forget the libel lawsuits and the Twitter wars, the […]
People Will Soon Be Asking, Who ‘Killed Tesla’? $TSLA Former General Motors (NYSE:GM) Vice Chairman Bob Lutz says he thinks Tesla“is headed for the graveyard.” He pointed to a handful of Tesla’s problems in a TV interview Tuesday. The totality of the fledgling EV maker’s financial, administrative, manufacturing, and legal problems, Mr. Lutz suggested, mean that Tesla’s (NASDAQ:TSLA) […]
The Street’s Key Stock Analysts Research Reports $ADBE, $AA, $BSTI, $BCO, $CVX, $FCAU, $GM, $IMMR, $RBS, $TERP, $TIF Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of the Street’s Key analysts outlook for main issues […]
President Trump’s Tariffs Policy is Working $F, $GM President Donald Trump’s trade and tariff strategy, risky as it may seem is working. He is a master negotiator is hammering out agreements, 1st with the Europeans, next Mexico, both are better deals for American firms and workers. His threat of tariffs is leading to lower tariffs. […]
US Q-2 GDP Figure Will Be ‘Big’ $DIA, $GM June Advance International Trade in Goods (actual -$68.30-B, consensus -$66.70-B) Advance Wholesale Inventories (actual 0.0%; prior 0.4%) June Durable Orders (actual 1.0% consensus 3.2%; prior -0.3%) June Durable Goods -ex trans (actual 0.4% consensus 0.4%; prior 0.3% White House economic adviser Larry Kudlow said Friday’s GDP release will reflect “big” […]
Tesla’s (NASDAQ:TSLA) Under Fire, Struggling CEO Fighting for His Life $TSLA Tesla’s (NASDAQ:TSLA) Elon Musk opened the company’s annual shareholder meeting Tuesday emotionally on the verge of tears as he said he builds its EVs with care and affection that other automakers cannot match, adding that the company’s decent into ‘production Hell’ has been hard on him […]
Cadillac is the Car of Choice for Presidential Limousines $GM Thursday it was reported that there is a new fleet of Presidential limos coming Cadillac Division of General Motors (NYSE:GM) this Summer, and that the US Secret Service already has 1 of the cars. General Motors (NYSE:GM) built 12 official state cars at a reported […]
EPA Planning Roll Back of Restrictive Automotive Fuel Economy Standards $RACE, $GM, $F, $FCAU, $TM, $VLKAY The Trump Administration is expected to launch an effort to weaken greenhouse gas emissions and fuel economy standards for automobiles, handing a victory to car manufacturers and giving them reasons to roll back restrictive industry standards worldwide. The EPA’s […]
Tesla (NASDAQ:TSLA) Burning Money, Posts Biggest Quarterly Loss Ever $TSLA, $GM, $F Wednesday, Tesla Inc. (NASDAQ:TSLA) said it has revised production targets for its Model 3 electric sedan, posting its worst-ever Quarterly loss, and warned that its spending would increase this year. Money-losing Tesla’s long-term ability to survive depends on annually selling billions of dollars […]
General Motors Company (NYSE:GM) and the Self Driving Car Regulators will “carefully and responsibly” review General Motors’ request to test an autonomous car without a steering wheel, US Transportation Secretary Elaine Chao said Sunday. “It is now coming to the stage with the rapid advancement of self-driving technology that this request is now a reality,” […]
