Category Archives: financial results

Rising Income Inequality Differs in Racial, Ethnic Groups

Asians overall are the highest-earning racial and ethnic group in the U.S., but it is not a status shared by all Asians. Continue reading

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US International Trade Deficit Drops. Maybe

The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero. What this means is that the U.S. continues to run an enormous deficit as President Trump embarks on a trade war that could increase the deficit more. Continue reading

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Volkswagen and Ford Alliance Under Study

Against this backdrop and with a possible shakeout as devastating as occurred more than a century ago as the automobile emerged, it’s not surprising that long established car companies are seeking collaborative agreements to share the risks, cut the cost of research, development and production and survive as an entity when taking an individual road appears one paved with doom. Continue reading

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U.S. Newspapers Continue to Decline in Readership, Employment, Revenue

Despite overall declines in newspaper circulation, digital circulation rose for some national newspapers. In recent years The (not failing) New York Times, The Wall Street Journal and The Washington Post have not fully reported their digital circulation to AAM, the group that audits the circulation figures of many of the largest North American newspapers and other publications. Continue reading

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Drinking the Electrolyte? Audi Plans to Sell 800K EVs in 2025

This regulation-prompted strategy – searching for an advantage and customers – means every third buyer or leasee would take an e-model by the middle of the next decade – customers who have thus far shunned driving “green vehicles” at this level. During 2017 Audi sold 1.9 million vehicles globally. Do the math and that means a huge shift in the market. In the U.S. during 2017 Audi sold 227,000 vehicles. Continue reading

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Fire Sale – Ford Restarting F-150, Super Duty Production

Ford told reporters that is reaffirming 2018 adjusted EPS guidance range of $1.45 to $1.70 (non-gap) and expects adverse impact of -$0.12 to -$0.14 per share in second quarter due to lost production. Continue reading

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F-Series Supplier Fire – a Threat to Ford Motor Profitability

Ford accounts for less than a third of the volume of output from the affected Meridian plant, it said, but the F-Series is the foundation of the profitability of Ford in North America – a foundation that was already showing signs of cracks. (Failing Grade for Ford Motor Q1 Earnings, Failing Grade for Ford Motor Q1 Earnings) Ford claims that while the production shortage is expected to have an adverse impact on the company’s near term results, the company’s guidance of delivering an adjusted EPS in the range of $1.45 to $1.701 for the full year is unchanged. Continue reading

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TMC Posts Revenues of $265 Billion for Fiscal Year

Region by region Toyota is experiencing the effects of a slowdown in the global automotive economy along with an ongoing increase in competition. As a result, volume is down slightly, but operating income is up. Continue reading

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Failing Grade for Ford Motor Q1 Earnings

This promised 8% Automotive Operating Margin is normally obtained or surpassed by offshore automakers year in, year out. It gets worse when you consider Ford Motor costs have grown as fast as revenue; Grimmer still when capital spending has grown even faster. Continue reading

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US Tariffs At or Near Lowest Levels Ever

During 2017, says the U.S. International Trade Commission, import duties totaled $33.1 billion – equal to 1.4% of the total value of all imported goods, and 4.7% of the value of all imports subject to duty. Most imported goods carry no duty at all. Continue reading

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Trump Tantrum on Trade Kills Jobs, Distracts from Expanding Russian Collusion Investigations and Criminal Indictments

The impact on automotive and parts production will be significant, but the magnitude of the action is not yet known. Continue reading

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GM on Flat Sales Reports Record 2017 EPS

GM set an EBIT-adjusted record for the fourth quarter of 2017. This result was attributed to sales of GM’s latest crossovers, along with strong   pricing and cost control — which more than offset a wholesale volume decline during Q4. … Continue reading

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General Motors Sets Q4 2017 Dividend at 38 Cents

GM shares have moved higher since September – about +29.5% for the year. The company claims it is concentrating on ridesharing – the Lyft semi-acquisition looks brilliant – electric vehicles and self-driving cars. GM is also adding Maven Gig to more cities. Continue reading

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General Motors Closes Deal on Selling Opel/Vauxhall

This ends almost 100 years of GM in Europe, leaving only the slow expansion of the Cadillac brand, and the sale – it’s more like a hobby than a business – of niche vehicles, the Chevrolet Camaro and Corvette, both imports, as GM’s only presence in the world’s third largest vehicle market. GM’s Lyft and Maven will eventually appear in Europe, AutoInformed opines. Continue reading

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Autonomous Vehicles to Cut Auto Insurance Biz 71% By 2050

Autonomous vehicle and related driver assist technologies could upset the auto insurance market by 71%, roughly $137 billion by 2050, according to the latest research by KMPG. Continue reading

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