|Bid||144.33 x 1000|
|Ask||144.35 x 1000|
|Day's range||143.92 - 144.40|
|52-week range||111.12 - 145.41|
|Beta (3Y monthly)||0.89|
|PE ratio (TTM)||8.82|
|Forward dividend & yield||N/A (N/A)|
|1y target est||165.25|
The Zacks Analyst Blog Highlights: Toyota Motor, Honda Motor, Nissan Motor, Tesla and Advance Auto Parts
While Japan's 1 carmaker Toyota (TM) misses fiscal second-quarter 2020 earnings estimates, its top peer Honda (HMC) surpasses the same.
While 2030 has been earmarked as the breakthrough year for autonomous vehicles, several industry leaders believe self-driving cars remain little more than a pipedream
While Honda (HMC) beats fiscal second-quarter 2020 earnings and sales estimates, it narrows view for the full year amid sluggish global vehicle demand.
The latest Tesla earnings release has driven it into one of the strongest and fastest rallies in the stock's history, and it doesn't seem to be slowing. TLSA could be well on its way to surpassing its all-time high.
The Zacks Analyst Blog Highlights: Toyota Motor, Fiat Chrysler, General Motors, Ford, LKQ and BorgWarner
While the proposed tie-up between Fiat-Chrysler (FCAU) and PSA is likely to lead to the creation of the world's fourth-largest carmaker, UAW-Ford (F) deal largely mirrors the UAW-General Motors contract.
TOKYO/SHANGHAI (Reuters) - Chinese electric car maker BYD Co Ltd and Japan's Toyota Motor Corp said on Thursday they planned to set up a joint venture to design and develop battery electric cars as they ramp up efforts to produce zero emissions vehicles. The two companies said in a statement that they would each invest 50% of the capital needed to establish the company, which will be set up next year and be based in China. Widely considered a late comer in embracing battery EVs, compared with rivals including Nissan , Toyota had flagged in June that it aimed to get half of its global sales from EVs, including gasoline hybrids, by 2025, five years ahead of schedule.
Toyota Motor Corp plans a $1.8 billion share buyback, Japan's biggest automaker said on Thursday, after beating quarterly forecasts on higher global vehicle sales and an improved performance in North America. Operating profit rose 14% to 662.3 billion yen (£4.7 billion) for the three months to September 30 as Toyota enjoyed its strongest second quarter since 2015. Sales in North America, Toyota's biggest market, rose 5.6%, while sales in Asia climbed 3.4%.
Toyota Motor Corp plans a $1.8 billion share buyback, Japan's biggest automaker said on Thursday, after beating quarterly forecasts on higher global vehicle sales and an improved performance in North America. Operating profit rose 14% to 662.3 billion yen ($6.1 billion) for the three months to September 30 as Toyota enjoyed its strongest second quarter since 2015. Sales in North America, Toyota's biggest market, rose 5.6%, while sales in Asia climbed 3.4%.
The proposed tie-up between Fiat-Chrysler (FCAU) and PSA is likely to lead to the creation of the world's fourth-largest carmaker, with roughly $50 billion of market cap and $190 billion in annual turnover.
While strong performance of the North American market buoys General Motors (GM) and Ford's (F) Q3 results, Tesla (TSLA) gains from rising Model 3 deliveries.
(Bloomberg) -- General Motors Co., Toyota Motor Corp. and Fiat Chrysler Automobiles NV plan to back President Donald Trump in a contentious battle with California officials over automobile emissions rules, splitting with major rivals including Ford Motor Co.GM, Toyota and several other automakers plan to intervene on the administration’s behalf in a lawsuit filed by environmental groups challenging the U.S. Department of Transportation’s rule stripping California of its ability to regulate tailpipe greenhouse gas emissions.The move was announced Monday by John Bozzella, a spokesman for the companies siding with the administration, who call themselves the Coalition for Sustainable Automotive Regulation.California and more than 20 other states have filed suit to block the administration’s plan to revoke the state’s powers, a legal battle that threatens to tie up the critical industry standards in litigation for years with an uncertain outcome.“With our industry facing the possibility of multiple overlapping and inconsistent standards that drive up costs and penalize consumers, we had an obligation to intervene,” said Bozzella, who is also chief executive officer of the Association of Global Automakers, an industry trade group. “The decision to intervene in the lawsuit is about how the standard should be applied, not what the standard should be.”The Trump administration last year proposed to dramatically ease federal automobile greenhouse gas emission and fuel economy standards that had previously been coordinated with California. California officials rebuffed and vowed to continue to enforcing their more stringent standards, which are in place through 2025.To support the proposed rollback, the Trump administration has pointed to government data showing more automakers are taking advantage of a built-in mechanism in the rules by tapping credits earned by exceeding efficiency targets in earlier years to comply with the standards now, rather than through fuel efficiency gains alone.The move by GM and the other companies breaks with Ford Motor Co., Honda Motor Co., BMW AG and Volkswagen AG, which in July agreed to meet tougher emissions targets set by California. The automakers siding with the administration were harshly criticized by some Democrats, environmental organizations and California regulators.Mary Nichols, chairman of the California Air Resources Board, said in a statement that the state regulator was disappointed in automakers “hiding behind the Trump administration’s skirts and its assault on public health.”“California will continue to carry out our mandate to meet national air quality standards and keep working with those automakers committed to a framework that delivers cleaner vehicles that benefit consumers and the environment,” Nichols added.Dave Cooke, a senior clean-vehicles analyst with the Union of Concerned Scientists, said the legal intervention by the companies shows their full support for the Trump administration’s goal of curtailing California’s authority over vehicles.“It’s not just a process question -- they’re going to the mat over state authority, on the side of the administration,” he said in an email.Senator Tom Carper of Delaware, the top-ranking Democrat on the Senate Environment and Public Works Committee, said that “to say I’m disappointed is an understatement, especially given the number of times these companies have told me personally that they wish to avoid costly litigation and regulatory uncertainty.”“Instead of choosing the responsible path forged by four automakers and the state of California, one that will move us toward the cleaner, alternative fuel vehicles of the future, these companies have chosen to head down a dead-end road,” Carper said.Most automakers have urged officials in Washington and Sacramento for more than a year to compromise, but no deal materialized after limited talks broke down earlier this year.Still, Bozzella said he held out hope for a middle ground. “We can still reach an agreement that is supported by all the parties,” he said.Ann Carlson, a law professor at the University of California at Los Angeles, was skeptical about that possibility.“‘By throwing their heft behind the Trump position that California lacks the authority to issue its own standards, GM and company are making it even less likely that California and the federal government will reach some sort of compromise,” she wrote in a blog post Monday.(Adds environmental group comment and other details starting seventh paragraph. An earlier version corrected the University of California at Los Angeles’ name.)To contact the reporter on this story: Ryan Beene in Washington at email@example.comTo contact the editors responsible for this story: Jon Morgan at firstname.lastname@example.org, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Major automakers are siding with the Trump administration in its bid to bar California from setting its own fuel efficiency rules or zero-emission requirements for vehicles, the companies said in a filing with a U.S. appeals court late on Monday. The move by firms including General Motors Co , Toyota Motor Corp , Hyundai Motor Co , and Fiat Chrysler Automobiles NV , follows legal challenges by California and 22 states and environmental groups in September.
When Toyota Motor Corp launches its all-battery Lexus next year, the luxury model will be able to drive autonomously on highways, a big step for the Japanese automaker, which has so far trailed rivals in bringing self-driving cars to market. Announced at the Tokyo Motor Show this week, the new Lexus shows how Toyota is putting its research on self-driving technology to work in cars that have limited automation. Right now, component manufacturers and venture companies working on the technology "are revising their timeline for AI deployment significantly," Executive Vice President Shigeki Tomoyama told a small group of reporters this week.
In Japan, trucks are being designed for a driverless future with no cabin and interchangeable container areas that would allow vehicles to be highly customised for parcel delivery or even serve as mini-hotels or beauty salons. At the Tokyo Motor Show this week, Hino Motors , the truckmaking arm of Toyota Motor Corp , showcased the futuristic "Flatformer", which had no driver's cabin and where the low-riding bed is fixed but the cargo or container section can be swapped out. On display was a concept battery-electric model with a cargo hold divvied up into stacked storage boxes that would help parcel delivery companies to sort, load and deliver goods more efficiently.
While Harley-Davidson (HOG) and PACCAR (PCAR) deliver a comprehensive beat in the third quarter, Tesla (TSLA) Shanghai Gigafactory in progress.
(Bloomberg) -- Renault SA will offer its electric Kangoo van with added hydrogen fuel-cells before the end of the year and roll out the technology to another model in 2020.The move sees the French carmaker joining competitors Toyota Motor Corp. and Hyundai Motor Co. in sticking with fuel-cell vehicles even as the industry largely backs electric cars powered by lithium-ion batteries. The hydrogen addition will boost the driving range of Renault’s Kangoo and Master vans as much as threefold compared to electric models, allowing a refueling in 5 to 10 minutes, the company said Tuesday.European automakers are under pressure to roll out zero-emission cars to comply with new regulation to cut pollutants. While many prioritize battery-electric vehicles, manufacturers like BMW AG have for years invested in fuel-cell cars. The long-standing technology, which emits only water vapor, has struggled with high costs, complex storage of hydrogen and a lack of infrastructure.Toyota and Hyundai both offer hydrogen-sipping vehicles. In adding both rechargeable batteries and fuel cells to its vans, Renault follows the example of Mercedes Benz-maker Daimler AG, which is rolling out a fuel-cell sport utility vehicle that also features a battery to bridge patchy refueling points.Read More: Mercedes-Benz Rolls Out Fuel-Cell SUV to Tackle Tech HurdlesThe hydrogen Kangoo ZE will be priced from 48,300 euros ($54,000) with a driving range of 370 kilometers (230 miles). The technology was developed in partnership with a subsidiary of Michelin, the French tiremaker formerly led by Renault Chairman Jean-Dominique Senard.Read More: Toyota Plans 10-Fold Boost to Hydrogen Bet With Restyled Sedan(Corrects reference to Toyota hydrogen cars in fourth paragraph.)To contact the reporter on this story: Ania Nussbaum in Paris at email@example.comTo contact the editors responsible for this story: Tara Patel at firstname.lastname@example.org, ;Anthony Palazzo at email@example.com, Elisabeth BehrmannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.