|Bid||43.53 x 4000|
|Ask||43.69 x 1000|
|Day's range||42.76 - 45.00|
|52-week range||33.86 - 46.76|
|PE ratio (TTM)||N/A|
|Earnings date||23 Jul 2018 - 27 Jul 2018|
|Forward dividend & yield||1.52 (3.39%)|
|1y target est||48.76|
Big U.S. auto makers are racing to equip pickup trucks with fuel-efficient engines, a surprising pivot away from their longstanding practice of putting gas-guzzling engines into large vehicles. Ford Motor Co., General Motors Co. and Fiat Chrysler Automobiles NV all now are betting truck buyers want better gas mileage in addition to raw horsepower.
“Buy low” refers to stock valuations, not proximity to the ground, but it turns out that a leading player in vehicle underbellies, American Axle & Manufacturing Holdings, trades at a down-to-earth price with plenty of upside potential. Key concerns surrounding the Detroit-based company—high debt, heavy reliance on General Motors (GM) for orders, and exposure to a near-term slowdown in North American vehicle demand and to the long-term rise of electric cars—appear overstated or misplaced. The valuation is alluring: Over the next five years, American Axle could generate enough free cash to cover its entire stock market value of $1.9 billion.
Chip makers, auto makers and soybean farmers are among those facing the brunt of tit-for-tat tariffs imposed by the U.S. and China in unexpected ways. President Donald Trump’s plan to impose tariffs on about $50 billion of Chinese goods will force American semiconductor companies to pay duties on their own products because of the complexities of global supply chains, according to the Semiconductor Industry Association. Most chips American companies import from China are designed in the U.S., and some of their components are made domestically before they are shipped to the Asian country for assembly, testing and packaging.
WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world's two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more than 800 strategically important imports from China that would be subject to a 25 percent tariff starting on July 6, including cars, the latest hardline stance on trade by a U.S. president who has already been wrangling with allies. China's Commerce Ministry said it would respond with tariffs "of the same scale and strength" and that any previous trade deals with Trump were "invalid." The official Xinhua news agency said China would impose 25 percent tariffs on 659 U.S. products, ranging from soybeans and autos to seafood.
General Motors is mulling options for its Cruise Automation self-driving car unit. They include a public offering of shares, listing a separate tracking stock to reflect its value, or spinning off the unit,
Wall Street cared about which company delivered the most motorcycles or signed up the most cable subscribers or sold the most packaged goods. AT&T Inc.’s $81 billion purchase of Time Warner Inc. is the latest indication that trying to be the biggest and best at what you do is no longer good enough. Now, in an era when digital titans are redrawing the boundaries between industries and devouring traditional players, AT&T needs to transform into something entirely different: a media and entertainment powerhouse.
Ford's Autonomic will team with startup RideOS, which develops self-driving car routing software, accelerating Ford's plan to roll out a robotaxi service by 2021.
General Motors Co. is having early discussions internally and with banks about strategic options for its self-driving car unit Cruise Automation, according to people familiar with the matter. The largest U.S. automaker is researching possibilities including a public offering of shares, listing a separate tracking stock to reflect its value, or spinning off the unit, said the people, who asked not to be identified because the discussions are private. GM won’t make a decision until Cruise is further along in development and may not take any action for a couple of years, if at all.
Buick buyers may be in for some sticker shock after President Donald Trump’s tariffs on $50 billion in Chinese imports. The General Motors Co. brand’s Envision sport utility vehicle, which starts at $31,995, is among the handful of autos imported into the U.S. from China. With the Trump administration planning to impose 25 percent duties on products including motor vehicles, each of the SUVs could be subject to levies of about $8,000.
In the last few quarters, Tesla has been struggling to resolve production issues with its first mass-market electric car, the Model 3. During Tesla’s recent shareholder meeting, Musk commented that it’s not easy to become a large-scale automaker.
Electric vehicle makers find themselves between a rock and hard place as the Trump administration has not done much for them in terms of EV incentives
Ford, at No. 30, was lifted by its performance on employee engagement and development, which is measured by third-party metrics that assess things like employees’ views on their jobs and employers, and employees’ self-reported pay versus that of their peers at other companies. Ford’s performance on the employee metrics was in the top 5% of all the companies studied, across industries.
General Motors (GM) and Honda (HMC) ink a deal to develop batteries for EVs. Tesla (TSLA) to cut the workforce for becoming sustainably profitable without compromising on Model 3 sedan production goals.
Magna (MGA) partners with MI-based May Mobility to co-develop self-driving electric shuttle, which is scheduled to be introduced in June 2018.
General Motors Co. finance chief Chuck Stevens is set to relinquish his post at the end of August ahead of his retirement next year after more than 40 years with the auto maker. Dhivya Suryadevara, 39 years old, will take over as chief financial officer on Sept. 1, the company said Wednesday. Mr. Stevens, 58, became GM’s finance chief January 2014, the same time that Chief Executive Mary Barra became the first woman to head a major auto company.
Toyota Motor will invest $1 billion in Grab Holdings, a Southeast Asian ride-hailing startup, as global automakers brace for massive disruptions in personal mobility.
Dhivya Suryadevara, vice president, Corporate Finance, has been named as Chief Financial Officer, effective Sept. 1, 2018. General Motors Chief Executive Mary Barra, who broke the glass ceiling as the first female chief executive in the global auto industry, has selected another high-achieving woman to join her in the executive suite. Dhivya Suryadevara, 39, will take over as GM's chief financial officer on September 1, replacing Chuck Stevens, who is retiring after 40 years with the automaker.
Suryadevara, 39, has played an integral role in some significant deals GM has made as it has restructured operations over the past several years, including the divestiture of the company's European arm Opel and the acquisition of self-driving vehicle startup Cruise. During her 13 years with the Detroit-based company, Suryadevara helped achieve ratings upgrades from all three credit ratings agencies, completed $2 billion in notes issuance to fund discretionary pension contributions and upsized and renewed GM's $14.5 billion revolving credit facility, the company said.