Auto Industry

Kuehne + Nagel (K + N) said it is cautiously optimistic on the outlook for the second half of 2019, but it will be a "tough ride in a tough environment," Chief Executive Detlef Trefzger said. The second-largest freight forwarder globally, K + N (SIX: KNIN) reported earnings per share of $1.69,...

Good day, "Carmageddon" gripped the nation in 2011 and it is poised to do it again. The reality is outside of California, few people cared about Carmageddon in 2011, but those that moved freight certainly did. The original Carmageddon closed portions of I-405 for 55 hours as the California...

Fiat Chrysler Automobiles (NYSE: FCAU) is seeking to woo the French government to back its bid for a merger with automaker Renault by offering a special dividend and stronger job guarantees. The French government is involved because it is Renault's largest shareholder with a 15 percent stake and...

General Motors Company (NYSE: GM) turned in mixed first-quarter earnings as it continues to ride strong light truck demand. Morgan Stanley remains along for the ride right now, but cautious about what’s down the road. The Analyst Morgan Stanley’s Adam Jonas reiterated an Overweight...

Exactly 80 years ago this week, the end of the Flint, Michigan sit-down strike marked the effective beginning of the United Automobile Workers (UAW) as one of the largest, most powerful labor unions in the country. The UAW formed way back in 1935, but the union picked General Motors Company (NYSE:...

Automakers are truly in the fast lane, as is evident from the monthly sales results reported for November by companies within the space. Easy credit terms, heavy promotions, two extra selling days this year, benign gas prices and buoyant consumer confidence have all served to work in unison to...

Volatility is the name of the investment game, and all investments have some degree of volatility built into them, with only the degree varying. A look into how stocks of automakers fared relative to auto parts suppliers in the sessions following the release of their quarterly results reveals...

The automobile sector kicked off Q3 earnings results in a positive fashion. Both General Motors Company (NYSE: GM) and Fiat Chrysler Automobiles NV (NYSE: FCAU) delivered better-than-expected results for the September quarter. GM reported EPS of $1.72 on revenue of $42.8 billion. This topped...

The current week will see General Motors Company (NYSE: GM) kick-starting the earnings season for the automobile sector. The September quarter was not an easy one given the tough year-ago quarter comparisons. On a unit-wise, the leading companies struggled to post growth in the United States....

New car sales have no doubt been on a hot streak. Coming off a record year in 2015, and what looked to be shaping up as another historic industry, there are now threats that the trend has since reversed. A combination of higher cash incentives and 0 percent financing to entice consumers have cut...

The U.S. auto cycle is currently held at a plateau after peaking in 2015, said Goldman Sachs analyst David Tamberrino. Increasing OEM incentives is the key reason the market has held at a plateau, according to the analyst. “We believe this environment can hold through 2017, but we see a path...

Previewing the auto sales results for September due to be released next week, Barclays said the month's headline seasonally adjusted annual rate, or SAAR, suggests solid, albeit weaker numbers. The Numbers Barclays auto and auto parts analyst Brian Johnson estimates light vehicle SAAR of 17.6...

The U.S. auto industry has been on fire over the past six years, but not all analysts are playing the doom and gloom card. According to a Bloomberg report, Jeff Schuster of LMC Automotive was one of the first auto experts to call for a contraction in the industry in 2016. However, he is now saying...