|Bid||123.32 x 1100|
|Ask||127.00 x 800|
|Day's range||123.80 - 124.64|
|52-week range||111.12 - 138.68|
|Beta (3Y monthly)||0.71|
|PE ratio (TTM)||7.59|
|Forward dividend & yield||3.52 (2.98%)|
|1y target est||148.01|
It's a great time to buy a used car. Jeanie Ahn reports on how to get the best deal on a pre-owned vehicle without getting ripped off.
Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains - will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports? The industry is in "wait-and-see mode," but the tariffs would be a bad idea, Bob Carter, head of U.S. sales at Toyota Motor Corp, told Reuters on Wednesday. "If the tariff happened on the auto industry, quite frankly that's pulling the pin out of the grenade," he said at a conference on Tuesday held in conjunction with the New York International Auto Show.
Falling U.S. new vehicle sales through the rest of 2019 and into 2020 will bring more intense competition in the increasingly crowded market for SUVs and a continued decline in passenger car sales, executives and economists said at this week's auto show in New York. The new SUVs at this week's auto show included models from Toyota Motor Corp, Ford Motor Co, Subaru Corp, Daimler AG's Mercedes-Benz and Hyundai Motor Co. After a long bull run, U.S. auto sales are expected to fall about 3 percent to 16.8 million units.
The long-range Model 3’s sticker price is $44,500, roughly 85% higher than that of a Toyota Camry, yet ARK’s research shows that the Model 3 could be the better deal over a three-year period. Early this year, Kelley Blue Book (KBB) published its Best Resale Value Awards for 2019. According to KBB, over a three-year period the Tesla (TSLA) Model 3 is likely to retain 69.3% of its original sales price, 20+ percentage points or 37% more than the Toyota (JP:7203)(TM) Camry, which will retain 48.6%.
Japan's Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas, which it says will be the first vehicle of its kind in the world. Brazil, which is South America's largest auto producer, has largely resisted the shift toward electric and hybrid vehicle production that has swept through more developed markets. Some of Toyota's competitors in Brazil, including General Motors and Volkswagen AG , have said they will import electric vehicles but do not plan to produce them domestically.
Toyota, Lincoln, Mercedes-Benz, Hyundai and Subaru kicked off the festivities Wednesday with five introductions of all-new or refreshed sport utility vehicles, one after another. Passenger cars cratered to a record low of roughly 30 percent of industry sales, and that share may still have further to drop before bottoming out.
Asian stocks were mixed in a narrow range Wednesday as China announced its economy grew at a 6.4% annual pace in the last quarter.
Some think electric cars made by companies besides Tesla Inc. stand the chance to be hits, while others think they’ll fail to really sell. Toyota Motor Corp. may have kicked off the green-car movement with its Prius hybrid more than 20 years ago, but the company is not nearly as bullish as rivals about the American consumer embracing EVs. Bob Carter, executive vice president of sales for Toyota Motor North America, said at a conference affiliated with this week’s New York auto show that batteries are still too expensive and place plug-in cars out of reach for many buyers.
BAIC Group is working with China’s Lunar Exploration Project to set up a laboratory for joint technology development, the company said Tuesday at the Shanghai auto show. The laboratory will provide support for BAIC’s development of a planetary rover, it said. BAIC and other Chinese companies are trying to tap into an $8 billion national space budget that’s second only to the U.S. China wants to be one of the world’s top three aerospace powers in about a decade, and the government is working on landing Chinese “taikonauts” on the moon by the 2030s.
Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV. In return, Toyota will have preferential rights to purchase green-car credits that Singulato will generate under China's new quota system for all-electric and plug-in hybrid vehicles. It will also gain a bird's-eye view into how Chinese EV startups operate and the strategies they pursue in a fast-changing marketplace, said Singulato Chief Executive Shen Haiyin and two sources at the Japanese automaker.
British foreign minister Jeremy Hunt will on Monday seek to reassure Japanese carmaker Toyota that the government is focused on avoiding a no-deal exit from the European Union and ensuring tariff-tree trade between Britain and the EU. Hunt will meet Japanese Prime Minister Shinzo Abe and Toyota representatives during a visit to Japan that his office said would give him chance to explain the latest Brexit developments. "The UK has always been an outward-looking, global power.
SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month. The extent of those investments, based on a Reuters analysis of publicly available data and interviews with a dozen sources familiar with SoftBank's investment strategy, has not previously been reported. Key partners in Son's quest are Uber, the U.S. ride services leader, and Japan's Toyota Motor Corp.
The head of Toyota Motor Corp's electric vehicle (EV) business told Reuters the automaker has received enquiries from more than 50 companies since announcing last week that it would offer free access to patents for EV motors and power control units. The executive also said Toyota aims to use partnerships to cut by as much as half the outlays for expanded electric and hybrid vehicle components production in the United States, China and Japan. "Until now we have been a tier 1 automaker, but now we also intend to become a tier 2 supplier of hybrid systems," Toyota Executive Vice President Shigeki Terashi said.
General Motors (GM), Ford (F) and Toyota (TM) collaborate with the automotive engineering group, SAE International, to lay down autonomous vehicle safety guiding principles.
The midsize truck segment has been gaining in popularity in recent years. Now there's a new player in the segment to further stoke a truck lover's desire: the all-new 2020 Jeep Gladiator.
Today we've highlighted three stocks that fall into the broad "technology" sector. Each of these three stocks is currently trading for less than $10 a share and holds a Zacks Rank 1 (Strong Buy) or 2 (Buy) at the moment.
Today we've highlighted five stocks that are currently trading for under $10 per share. All of these stocks also sport a Zacks Rank 2 (Buy) or better, and are showing signs of outpacing the market.