Category Archives: economy

Magna International Posts Record Q3 Earnings

However, sales were slightly lower than we had anticipated, mainly due to lower than expected light vehicle production. Adjusted EBIT was below the comparable quarter in 2017 and was less than what Magna expected. After considering the impact of lower than anticipated volumes, the Power & Vision, Seating Systems and Complete Vehicles segments performed substantially in line with Magna expectations. Body Exteriors & Structures segment reported results below expectations, as a result of higher than anticipated launch costs and under-performance at certain facilities, largely offset by a favorable customer pricing resolution. Continue reading

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Amazon Free Shipping has High Negative Costs

Ads say that candidates must have the “ability to lift, bend, reach above the head, kneel, crouch, and/or stretch during shifts up to 12 hours long.” Continue reading

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A Regional Look at EV Sales

Six states, and Washington D.C., over-index for electric market share – that is having more than the 0.9% share (which is the total national EV market share of the passenger and light truck market) through the first half of the 2018 calendar year Continue reading

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Ford Motor Q3 Net, EPS, EBIT – All Down as Ford Stumbles

Once again top Ford executives claimed they had a multi-year plan to fix things, but the same pledge has been going on since Ford 2000. Ford also said that because of the higher costs and uncertainty impacting the entire sector, coupled with unexpected deterioration this year in the Europe, Middle East and Africa, and China businesses, current company forecasts show that it will not reach its previously announced 8% EBIT margin or high teens ROIC targets by 2020. Another job-destroying reorganization in process. Continue reading

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GM Q3 Profits Ambush Analysts – Income $2.5 Billion EBIT

GM reported $2.5 billion in profits today at $1.75 per share, way beyond hapless analyst projections of $1.25 per-share earnings. Continue reading

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Nishitetsu, Toyota to Test Multi-modal Mobility Service

The so-called my route provides shop and event information while allowing users to search, book, and pay for transport, offering a single mobility-focused application with integrated functions, with the aim of supporting smooth movement in Fukuoka City, helping support “the city’s vibrancy.” Continue reading

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Group Renault Revenues of €11.5 billion in Q3 2018 or -6%

During Q3 2018, Group Renault revenues reached €11,484 million (-6.0%). At constant exchange rates, Group revenues decreased by -1.4%. Continue reading

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Mercedes-Benz Construction for U.S. Battery Factory Underway

The new production site for batteries – along with the new Consolidation Center – is located seven miles from the Mercedes-Benz Cars vehicle production site in Tuscaloosa. The Consolidation Center, also part of a 2017 investment announcement, will consist of three major areas, including the body parts preparation area, the assembly parts preparation area and the empties storage. It is expected to be operational next year in 2019. Continue reading

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Used Vehicle Incentives Decrease for the First Time in Years

Whether this is a trend that will save consumers money, or just a blip is debatable and contingent on the U.S. economy and the stated – but not yet implemented – Federal Reserve desire to raise interest rates. Continue reading

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Brexit Panic Takes Hold. Auto Industry Urges – Begs? – Negotiators to Avert the Business Killing Worst-Case Scenario

Automobile production plants – be they in the EU27 or the UK – receive and fit millions of parts into vehicles every day. All manufacturers rely on ‘just-in-time’ and ‘just-in-sequence’ delivery and production, without any delays or obstacles. These parts are in constant transit in trucks, arriving as and when they are needed. Continue reading

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Consumers Can Save up to $3,000 on Auto Loan Packages?

In 2017, Americans spent $568.6 billion in auto loans1, yet 60 percent of buyers don’t know they can bring their own financing to the dealership. The company’s new Outside Financial (OF) Markup Index* reveals that, on average, new car buyers are charged $1,717 in hidden markups when arranging their loans through a dealer. Continue reading

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Variables Abound – Meet the New NAFTA

AutoInformed agrees that the text offers greater certainty about the future of North American automotive production, trade, and investments, the USMCA still must be signed, ratified, and the enabling legislation must be passed in each of the three countries before the agreement can go into effect on the target date of 1 January 2020. It’s by no means a sure bet. Continue reading

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Gimme Shelter: U.S. Home Affordability Lowest In 10 Years

Nationwide, the Q3 2018 home affordability index of 92 was down from an index of 95 in the previous quarter and an index of 102 in Q3 2017 to the lowest level since Q3 2008, when the index was 87. This could portend trouble for the Detroit Three automakers which rely on the sales of trucks, some of which are used to build and haul things instead of the fashion accessories they have become for many purchasers. Continue reading

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Western European Car Registrations Plummet -23%

September saw the downside to August’s pull-forward effect, as WLTP emissions regulations were widely implemented from 1 September. The transition to WLTP also led to the unavailability of some models that had not received approval under the new procedure. The fact that there was one fewer selling day in September 2018 than in September 2017 across the region did not help sales either. Continue reading

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US September Sales Soothsaying: Downward Trend Continues

Replacement demand and delayed purchases following Hurricane Harvey in August 2017 saw a September 2017 pace of 18.1 million, the highest pace since 2005.Vehicle sales hit an all-time high last year as well, up nearly 80,000 units above the previous two Septembers, which occurred during record sales years. Continue reading

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