#Industrial #Output #C19Coronavirus #Reopening #Manufacturing #Fed US industrial production in June posted the largest monthly gainer since Y 1959, indicating manufacturing is alive and well after C-19 coronavirus chaos related shutdowns. Total output at factories, mines and utilities increased 5.4% from the prior month after climbing 1.4% in May, Fed data showed Wednesday. The median projection […]
$RACE You will not see a Portofino around again until the coronavirus lockdowns are finished, these Ferrari race horses are stabled for now. Ferrari (NYSE:RACE) designers say styling inspiration for the Portofino came from the Ferrari Daytona of the 1970’s. But I see Portofino as Ferrari’s interpretation of a comfortable long-distance Grand Touring car (which […]
$RACE When Enzo Ferrari launched his iconic Italian luxury carmaker in Y 1949, he never thought that his sports cars will have an SUV or Shooting Brake variant. As recently as Y 2016, former Ferrari (NYSE:RACE) Boss Sergio Marchionne had said, “You have to shoot me 1st.” But the world has moved beyond those men’s […]
$RACE Ferrari (NYSE:RACE) F1 Team Boss Mattia Binotto says his team will back a move to delay the Y 2021 rules package for a year, insisting now is not the time to be ‘selfish‘. Earlier this week, 9 of the current 10 racing teams gave their support to a radical plan to hold back on […]
$RACE Ferrari’s F1 Team Boss Mattia Binotto is a man with 1 of the biggest jobs in motorsport, here he discusses the impact of the coronavirus on The Scuderia Italy, home of Ferrari (NYSE:RACE), has taken dramatic measures to control the spread of coronavirus across the country and this has an impact on the way […]
$RACE $FCAU Italy is at the epicenter of the pandemic and its government has embarked on a big expansion of the number of intensive care beds, many of which will require ventilators to keep patients alive by taking over breathing functions. Siare Engineering, Italy’s largest manufacturer of hospital ventilators, has turned to Italian automakers Ferrari (NYSE:RACE) and Fiat […]
$RACE Ferrari (NYSE:RACE) stock price has been very resilient during this virus crisis. At its current price, it is around 20% off its 52-wk highs, far outperforming the S&P 500. This is despite operating a luxury automotive business in Italy that has been heavily hit by the virus. Ferrari designs, engineers, produces and sells ultra […]
$RACE F1 driver Charles Leclerc “trusts” both Ferrari (NYSE:RACE) and the FIA to keep everything above board and says for him the 2019 engine saga is “done”. Last season rivals questioned the legality of Ferrari’s power unit. They wrote to the FIA querying the engine’s fuel flow system, resulting in 2 Technical Directives being issued. […]
$RACE Ferrari’s (NYSE:RACE) F1 team have all gone into self-isolation since their return from the Australian Grand Prix. The move is a precaution, as no member of the team have so far had any symptoms of the coronavirus, Ferrari said. Ferrari F1 team members who travelled to Melbourne are to be in quarantine for 14 […]
$RACE Ferrari (NYSE:RACE) has shut its Maranello factory including its F1 operations in response to the global coronavirus pandemic. With Italy being 1 of the countries in Europe that has been impacted the most by the virus outbreak, the Italian government has imposed a strict lockdown across the entire nation to try to limit community […]
$RACE Ferrari (NYSE:RACE) stated that it has activated rigorous preventive measures to ensure the highest standards of health procedures for its employees. Ferrari’s announcement follows the decree on COVID-19 issued by the Italian Government. The workforce present in Maranello and Modena has been reduced to a minimum, while remaining personnel is working remotely, the company […]
$RACE Scuderia Ferrari (NYSE:RACE) fully supports the decision taken by the FIA and F1 in conjunction with the Australian Grand Prix Corporation to cancel the Australian Grand Prix (13 – 15 March) at Melbourne’s Albert Park circuit. The safety of all team members is our number one priority, especially as the Covid-19 pandemic continues to […]
$RACE Winter Testing It is well known that conditions at the Circuit de Barcelona-Catalunya are usually at their best in the morning, with the track getting slower and cooler as the day goes on. That means MercedesAMG’s Lewis Hamilton’s race simulation was completed in better conditions compared to Ferrari’s Charles Leclerc. Mr. Leclerc was comfortably […]
$RACE Following the announcement made by President Trump from the Oval Office Wednesday night of a wide suspension of travel by non US citizens from Europe to the USA, the leadership of the WEC has reviewed the viability of staging the Sebring 1000 Miles race planned to be held at Sebring on 20 March. After […]
$RACE Ferrari (NYSE: RACE) declared Tuesday that its factory and HQ’s are operating despite being located inside the area of Italy that has been placed under quarantine to prevent the spread of the coronavirus. Ferrari employees have a reason to work! In a statement, Ferrari said that the measures introduced by the Italian government on 8 March […]
$GM, $USO US factory production rebounded by more than forecast in November and rose excluding a surge in auto production following the end of the General Motors (NYSE:GM) strike, in a sign of stabilization in manufacturing. The 1.1% increase in manufacturing output, the biggest gain since early 2018, followed a 0.7% decrease in October, Federal Reserve […]
$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 […]
$RACE FLASH: Spa 24 Hours to have 72 cars in Y 2019, with 1 full-factory run Ferrari. A full-factory Ferrari is among the 72 cars on the entry for the Spa 24 Hours Blancpain GT Series event later this month. The AF Corse works squad has entered a Ferrari 488 GT3 to be driven by […]
This looks terrible, but it will not last A Fed gauge of factories in New York state plunged in June by the most on record, adding to signs tariffs are weighing on manufacturers and the broader economy. The New York Fed Empire State Manufacturing Survey’s main index fell by 26.4 points to minus 8.6, the lowest level […]
FLASH: New orders for US made goods fell in April and shipments dropped by the most in 2 years, indicating continued weakness in manufacturing activity that could undercut the broader economy. Factory goods orders declined 0.8%, pulled down by soft demand for transportation equipment, computers and electronic orders, and primary metals, the Commerce Department said Tuesday. […]
$TSLA Tesla (NASDAQ:TSLA) sank to a 2-year low after CEO Elon Musk told employees that effective immediately he and the fledgling EV maker’s new CFO will be scrutinizing every dollar the company spends in a “hardcore” focus on costs. Almost laughable if not so futile attempt to stop the bleeding there. In an e-Mail to […]
US manufacturing output was flat to unchanged in March after 2 straight monthly decliners. The Federal Reserve said Tuesday manufacturing production last month was restrained by weak motor vehicle and wood products output. Data for February was revised up to show output at factories falling 0.3% instead of declining 0.4% as previously reported. Economists polled by […]
$DIA, $SPY, $QQQ, $RUTX, $AAPL, $MU, $VXX FLASH: The S&P 500 closed at its highest mark this year. The S&P 500 gained 1.1% Thursday, bolstered by the notion of a Dovish Fed and persistently low US Treasury yields. Leadership from the S&P 500 information technology sector (+2.5%), driven by gains in Apple and Micron also […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The US Jobs Report for January provided reminder that US labor market remained strong despite growth worries, market volatility, and partial government shutdown. Plus, January ISM Manufacturing Index up higher than expected at 56.6 (consensus 53.6), business is good too. Foxconn Technology Group (2454:TW) said Friday that after its Chairman […]
Grow Your Own Real Food, This is Why While stockpiling food is important, not knowing how to grow or find your own food is a huge mistake for anyone interested in long-term “off-grid” survival. Sooner or later even a stockpile designed for a year or more will run out. The only way you can truly […]
2 New Safety Investigations of Tesla (NASDAQ:TSLA) Factory Opened in September $TSLA California’s Division of Occupational Safety and Health (Cal-OSHA) opened two new inspections in September into the workplace conditions at Tesla’s factory in Fremont. According to the agency, the first was opened on September 4 and was prompted by an incident reported to regulators in […]
Profile: Elon Musk, Crazed Bull Running ‘Production Hell’ $TSLA A new profile on Tesla (NASDAQ:TSLA) CEO Elon Musk gives an unusual example of how the stress of ramping up M3 production has affected him. According to the WS-J, Mr. Musk started head-butting a car at Tesla’s Fremont, California, factory this spring after he learned the […]
Tesla’s (NASDAQ:TSLA) Agreement with Panasonic Unchanged $TSLA Tesla (NASDAQ:TSLA) has revised an agreement that required it to buy all of the solar cells and modules Panasonic Tesla revised an agreement that required it to buy all of the solar cells and modules Panasonic produced at their jointly operated factory in Buffalo, New York Under the new terms […]
Ferrari (NYSE:RACE) Classiche IDs Fakes and Forgeries $RACE With any rare or limited-production vintage or classic car, it is important to know that it is authentic. To that end Ferrari (NYSE:RACE) has a department devoted to separating the fakes from the real works from the Maranello Outfit. Ferrari Classiche will provide its authentication services for any model […]
Ferrari(NYSE:RACE) Factory Team to Suzuka 10 Hours Race $RACE Ferrari to field factory-supported entry in Suzuka 10 Hours Ferrari (NYSE:RACE) is now the 8th manufacturer to officially enter Japan’s Suzuka 10 Hours round of the Intercontinental GT Challenge in August with a factory-supported entry. The Taiwanese HubAuto team has entered a 2nd Ferrari 488 GT3 for works […]
US Unemployment Rolls Smallest in 45 Years $DIA, $SPY, $QQQ, $VXX Thursday, the US economic data showed an acceleration in mid-Atlantic factory activity this month, with manufacturers saying they were boosting employment and asking for higher prices for their products. The combination of a tightening labor market and firming inflation bolsters expectations the Fed will […]
Ferrari (NYSE:RACE), a Supercar Factory with Great Food $RACE Ferrari in Maranello is not so much a plant as it is a campus. There are a collection of individual buildings for specific elements of the design and construction of the Supercars that make up the Ferrari works. And beginning in the mid-1990’s, many of those buildings have […]
US Factory Orders Post Decline in July $BA New orders for US-made goods recorded their biggest drop in nearly 3 years in July, but orders for capital goods were stronger than previously reported, pointing to robust business spending at the start of Q-3. Factory goods orders fell 3.3% amid a slump in demand for transportation […]
US Factory Output Declines on Slowing Auto Production A slump in motor vehicle production pushed down US factory output unexpectedly in July, Federal Reserve data showed Thursday. Highlights of Industrial Production (July) Factory output dropped 0.1% (est. 0.2% gainer) after 0.2% gainer Total industrial production, which also includes mines and utilities, increased 0.2% (est. 0.3% […]
Tesla (NASDAQ:TSLA) Betting on Risky Production Methods $TSLA, $F, $VLKAY Tesla’s (NASDAQ:TSLA) CEO, Elon Musk has taken many risks with “way out” technology in his company’s cars on the way to passing Ford (NYSE:F) market value. Now Mr. Musk is pushing the boundaries in the factory that makes his EVs (electric vehicles). Conventional automakers test […]
FoMoCo (NYSE:F) ‘Cans’ $1.6-B Assembly Plant in Mexico $F, $GM, $TWTR Ford Motor Co. (NYSE:F) has ‘canned’ plans to build a $1.6-M plant in Mexico. The next-generation Focus compact car will be built at an existing factory in Hermosillo, Mexico, and Ford will cancel plans to build a plant in San Luis Potosi, CEO Mark […]
US Economy Gaining Momentum in Q-4 $DIA, $SPY, $QQQ, $VXX US factory activity at 5-month high in November due to a pickup in new orders and production, offering more evidence that the economy gained further momentum early in Q-4. Other data Thursday showed the number of Americans claiming unemployment benefits hitting a 5-month high last […]
It Takes More Than Money to Buy a Ferrari Special Edition Supercar $RACE You have sacrificed, worked hard and smart, built your company carefully in a hot sector, and sold off a chunk of a few $100-B on a few B’s. And now you are ready to make your 1st really luxury purchase, the most […]
BYD (OTCMKT:BYDDF) to Triple Size of California Factory $BYDDF Chinese car, bus and battery maker BYD (OTCMKT:BYDDF) announced recently that it will expand its EV (electric vehicle) plant in Lancaster, California, 3X’ing the size of its facility, employment and production capability in next 3 years. Stella Li, President of BYD America, said at a groundbreaking […]
Ferrari’s (NYSE:RACE) Road Cars Define its Iconic Brand $RACE Ferrari builds Sports cars, Grand Touring cars, HyperSupercars, such as LaFerrari, and F1 racing cars Of these, the most important for Ferrari’s reputation are the sports (road) cars. The only ones more important are Ferrari’s Formula One race cars, but they are for the track only. […]
The Ultimate Ferrari Experience for the Ultimate Enthusiast $RACE I am a dyed-in-the-wool supercar and Ferrari (NYSE:RACE) enthusiast, thanks to the 1st TV show I ever watched, the 1979 Italian Grand Prix. I was introduced to the captivating skills of Gilles Villeneuve and his magnificent red Ferrari, and thus I was hooked both on Formula 1 […]
Ferrari (NYSE:RACE) Formula 1 Team’s New Tech Line-up Working $RACE Maurizio Arrivabene, The Scuderia’s Team leader believes the action he has taken to turn its fortunes around is working after an improved showing in the last 2 Grands Prix. Since James Allison departed as technical director in July, with engine chief Mattia Binotto taking over […]
US Factory Activity Dives for 1st Time in 6 Months, Jobs Cut $DIA, $SPY, $QQQ, $VXX US manufacturing contracted in August for the 1st time since February, as new orders and output plummeted and factories cut jobs. The Institute for Supply Management (ISM) says its manufacturing index dropped to 49.4 in August from 52.6 in […]
An Iconic Ferrari 250 GTS LWB California Spyder to Auction $RACE Today, let us look at the iconic a 1958 Ferrari 250 GT LWB California Spyder s/n 1055GT, which once raced as #19 in the 1962 Osceola Grand Prix. This sports car was 1 of the 1st of only 50 to be produced (I once had […]
Tesla (NASDAQ:TSLA) Must Raise Billions To Meet Musk Dreams $TSLA Tesla Motors (NASDAQ:TSLA) has to raise Billions by selling stock to meet Elon Musk’s production plans. The Big Q: Will the benefits will be enough to outweigh the dilution of the falling share price. When CEO Elon Musk drove the EV company’s target ahead to […]