$RACE From the LA Auto Show Iconic Italian Supercar maker Ferrari (NYSE:RACE) confirmed there will never be a plug-in hybrid (PHEV) version of its new Roma sports car. Even though the modular underpinnings of the Roma were pre-engineered for hybrid power, the new Ferrari will stick with pure front-engined, twin-turbo V8 power for its entire 7-to-8 year […]
$TSLA Niels van Roij Design (Holland) will be present during the Geneva Motor Show 2019, joining forces with European premium tire manufacturer Apollo Vredestein, showcasing the Tesla M-S based Shooting aka Station Wagon on their stand. Niels van Roij said in an e-Mail Sunday, “Based on extensive design research, we developed the design DNA for […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: FOMC Mins as expected; Fed will maintain patience in rate hikes and stop reducing assets on its balance sheet later this year. The Takeaway The FOMC Minutes said the central bank is going to be patient in raising rates and is likely to stop reducing the assets on its […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Fed Chairman Jay Powell describes US economy as “good”, saying he does not see an elevated probability of a recession, stocks finish on their highs lead by the Financials Investors are prepare for the return of the divergence trade, with the US set to lead the rest of the […]
Porsche unveiled its new 911/992 at this year’s LA Auto Show in December $POAHY The imminent arrival of the 8th-generation Porsche 911 has been an exciting time for many car lovers, and it debuted early this month in Los Angeles. Code-named the 911/992, the new 911 marked a big event in Porsche’s (OTCMKT:POAHY) history as […]
Giant German Automakers Facing 25% US Tariffs on it Cars $VLKAY, $BMWYY, $POAHY, $DDAIF European auto stocks extended losses on Tuesday after a German magazine reported that US President Donald Trump could impose tariffs on imported EU cars starting next week. Wirtschaftswoche cited “EU sources” as saying a US Department of Commerce investigation report was […]
US Industrial Production Moving Higher $USO, $UGA, $USD US industry expanded in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production ticked up 0.1%, the 5th straight monthly gainer, following a 0.2% advance in September and a 0.8% advance in August, the Fed reported Friday. The Fed said that recent hurricanes lowered […]
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. […]
President Trump, “Big news coming for American Autoworkers” $DIA, $SPY, $QQQ, $VXX US President Donald Trump said that “big news” was coming that would be welcomed by US auto workers, and he suggested it was somehow linked to NAFTA trade talks. “There will be big news coming soon for our great American Autoworkers. After many […]
Southern California’s ‘Poverty Pimp’ Maxine Waters Attacks Auto Industry $F, $GM, $FCAU, $TM, $VLKAY US Rep. Maxine Waters (D-CA) is divisive claiming automakers discriminate against nonwhites when giving out car loans. Representative Mike Kelly (R-PA), an auto dealer, said in a TV interview Saturday segment that Ms. Waters’ cited a study that severely flawed. Mr. […]
President Trump Posts ‘Big Win’, Xi Aligns $SPY Tuesday, Chinese President Xi Jinping promised to open the country’s economy further and lower import tariffs on products including cars, in a speech seen deescalating trade dispute with the United States. Xi’s comments sent global stock markets higher on hopes that a trade war is averted. Xi […]
Ferrari (NYSE:RACE) Engineered Maserati Levante Trofeo Fastest SUV in the World $RACE, $FCAU Maserati unveiled the 2019 Levante Trofeo performance SUV Wednesday at the 2018 New York International Auto Show. The Limited Edition Levante Trofeo is powered by 590 hp, twin-turbocharged Ferrari V8. According to Maserati, the Levante Trofeo can do 0-60 mph in 3.7 secs and reach […]
Ferrari (NYSE:RACE), An Electric Supercar is Coming $RACE All Ferrari’s will have have a hybrid component by Y 2019 Ferrari (NYSE:RACE) the world’s Top preformer in the automotive sector has indicated that is will enter the EV (electric car) space. Tuesday, CEO Sergio Marchionne said at the Detroit International Auto Show that the iconic Italian […]
Taxation Kills Australia’s Auto Sector Weak politicians and hideous taxation has killed yet another Australian business. Companies are taxed at a flat rate of 30%. It doesn’t stop there, Australian employers after getting whacked with hefty payroll tax must pay the superannuation guarantee, a minimum of 9.5 per cent of their employees’ earnings, into a […]
US Fuel Economy Standards Unrealistic $F, $GM, $TM, $FCAU, $VLKAY, $HMC The Trump administration is continuing its efforts to roll back Obama-Era regulations, and the Clean Power Plan may be next. The signature plan under former President Barack Hussein Obama was finalized in Y 2015 as part of ongoing efforts to fight climate change. The rule required […]
Ferrari (NYSE:RACE) “No plans to develop all-electric cars” $RACE Frankfurt Auto Show: Ferrari (NYSE:RACE), and Volkswagen’s (OTCMKT:VLKAY) Lamborghini are working on hybrid versions of their Supercars, but have no plans for now to develop wholly electric models, executives at the 2 companies said at the Frankfurt car show earlier this week. Michael Leiters, CTO (chief technology […]
Ferrari’s (NYSE:RACE) ‘Portofino’ Wows the Crowds at Frankfurt $RACE Ferrari (NYSE:RACE) is wowing the crowds at the 2017 Frankfurt Motor Show with 2 versions of its California T replacement, the Portofino. 1 is painted in the new Rosso Portofino inspired by the lovely Italian village on the Italian Riviera from where the car received its name. The other […]
US Automakers Outsell June Estimates, End Anemic 1-H $F, $GM, $FCAU, $TM, $HMC, $VLKAY Demand for light trucks gave FoMoCo (NYSE:F). and top Japanese automakers better sales than analysts had estimated for June following a 5-month streak of industry declines. Toyota Motor Corp.’s (NYSE:TM) deliveries rose 2.1% June, while Honda Motor Co (NYSE:HMC) sales rose […]
Tesla (NASDAQ:TSLA) Burns Cash, Stock Drops, Rich Rivals Watch $TSLA, $AAPL, $GOOGL, $AMZN Tesla Inc (NASDAQ:TSLA) lost a buy rating from its longtime Bull Morgan Stanley (NYSE:MS) as a firm analyst boosted projections for how much cash the fledgling, money losing EV carmaker will burn through as rich rivals bite on its business. Adam Jonas, […]
US Household Debt Near Record on Student Loans US household debt hit near an all-time high in Q-4, reaching $12.58-T, as credit was more readily available for mortgage, auto and student loans, a Federal Reserve Bank of New York survey showed Thursday. Total debt was up $460-B from a year ago and is now just […]
An LTN Favorite Stock: Ferrari (NYSE:RACE) Update $RACE The current market cap for the Ferrari (NYSE:RACE) Sector: Auto Manufacturers Major is valued at 11596.65-B. The dominant statistics will authorize the investment community to govern the size of Ferrari compared to the sales or total assets figures. That being the case, investors will be able to […]
The Detroit International Auto Show 2017 $F, $GM, $FCAU, $TM, $HMC It’s a cold Monday in January in Detroit, but things are heating up on the floor of the 2017 North American International Auto Show. Preview Highlights Stay tuned…
Auto Industry Will Push for Rollback of Fuel Economy Regulations $F FoMoCo (NYSE:F) plans to push President Elect Donald Trump to soften US and state fuel-economy rules that hurt profits by forcing automakers to build more EV’s (electric cars) and hybrids than are warranted by customer demand. In Y 2008, there were 12 EVs offered […]
Sub-prime Car Loan Delinquency Augurs Trouble for Auto Industry $F, FCAU, GM The New York Fed warns that surging delinquency rates for subprime auto loans are a “significant concern” about the real health of the car industry. “The worsening in the delinquency rate of subprime auto loans is pronounced, with a notable increase during the […]
Auto Sales Indicator Turns Negative New-vehicle retail sales in August are expected to drop 6.5% from a year ago, and total new-vehicle sales are expected to slip 5.2%, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are on pace to reach 1,269,600 in August, while total sales […]
Classic Car Week Begins on the Monterey Peninsula Monterey Classic Car Week had its unofficial “kickoff” Friday night with classic race cars being exhibited on Alvarado Street in downtown Monterey. This weekend Mazda Raceway Laguna Seca is hosting more than 300 race cars competing prior to next weekend’s Rolex Monterey Motorsports Reunion. But then the […]
China’s Investing in the United States Extends Beyond Real Estate The growing Chinese investment in the United States has extended beyond real estate, with more companies eyeing sectors closely related to Chinese domestic demand. In recent years, more Chinese companies have been investing in the United States irregardless of size, industry and ownership, Shau Zhang, a […]
People are Asking, “Are Electric Cars the Future of Motoring?” $GM, $TSLA, $DDAIF, $BMW:DE, $POAHY Not too long EV’s (electric vehicles) were a rarity on the road and the track, and dream of hardcore environmentalists. That seems to be changing now and consumers are to believe the media hyperbole and some industry experts, EV’s will […]
