Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Car/Truck Manufacturer News
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Weather Man" data-source="post: 16676242" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3748073-general-motors-jumps-as-hedge-fund-engine-no-1-reveals-position" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3748073-general-motors-jumps-as-hedge-fund-engine-no-1-reveals-position" target="_blank">General Motors jumps as hedge fund Engine No. 1 reveals position</a></p><ul> <li data-xf-list-type="ul">General Motors (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> +3.2%) shares surge after Engine No. 1, the small hedge fund that successfully won three board seats at Exxon Mobil (<a href="https://seekingalpha.com/symbol/XOM" target="_blank">XOM</a> +1.0%), <a href="https://www.cnbc.com/video/2021/10/04/watch-cnbcs-full-interview-with-engine-no-1-founder-chris-james-following-gm-stake.html" target="_blank">revealed</a> that it had acquired a stake in the automaker and supported its electrification plans.</li> <li data-xf-list-type="ul">"The beliefs that led us to Exxon are the same beliefs that lead us to GM," Engine No. 1 founder Chris James said on CNBC. "GM sits within an industry going through transition, as is Exxon, but that's where the analogy stops."</li> <li data-xf-list-type="ul">"GM, with the support of a strong management team, a great board, has decided they are going to embrace the future," he added. "They themselves can go in and disrupt and industry and be successful during this transition."</li> <li data-xf-list-type="ul">GM has made several moves to position the automaker for its transition to battery electric vehicles as it recently pledged to invest <a href="https://seekingalpha.com/news/3706874-general-motors-ramps-up-ev-investments-as-profitability-for-this-year-surprises" target="_blank">$35B on autonomous and electric vehicles.</a></li> </ul><p></p><p>Any truck in a storm???</p><p></p><p><a href="https://seekingalpha.com/news/3748071-honda-motors-light-trucks-sales-offset-challenging-q3" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3748071-honda-motors-light-trucks-sales-offset-challenging-q3" target="_blank">Honda Motors' light trucks sales offset challenging Q3</a></p><ul> <li data-xf-list-type="ul">Honda Motors (<a href="https://seekingalpha.com/symbol/HMC" target="_blank">HMC</a>) joins rivals to report decline in September sales since global microchip shortage continued to constrain industrywide supply.</li> <li data-xf-list-type="ul">However, the automaker reported strong demand for its light trucks, improving overall results for the quarter.</li> <li data-xf-list-type="ul"><strong>September sales volume: </strong></li> <li data-xf-list-type="ul">American Honda: Cars 32,278 (-36.5% Y/Y); Trucks 63,438 (-16.8% Y/Y).</li> <li data-xf-list-type="ul">Acura: Cars 2,397 (-28.6% Y/Y); Trucks 7,016 (-26.8% Y/Y). The brand recorded higher sedan sales driven by Acura TLX; Type S variant boosted sales and showroom traffic as reported.</li> <li data-xf-list-type="ul">Honda: 29,881 (-37% Y/Y); Trucks 56,422 (-15.4% Y/Y).</li> <li data-xf-list-type="ul">Sales of Honda electrified vehicles set a new annual sales mark (82,446) during third quarter; Insight hybrid sedan set a September sales record.</li> <li data-xf-list-type="ul"><strong>Total Sales Volume for Q3: </strong>American Honda, 345,914 (-10.9%); Acura, 38,555 (-2.8%); and Honda, 307,359 (-11.9%).</li> <li data-xf-list-type="ul">"The enduring nature of the microchip shortage and port congestion issues continue to constrain the entire industry, but we are encouraged by the record sales of Honda models where we have adequate inventory. We appreciate the patience of our customers as our associates, our suppliers and our dealers continue working to supply Honda and Acura products to meet their needs," <a href="https://seekingalpha.com/pr/18496327-american-honda-light-trucks-find-silver-lining-in-challenging-3rd-quarter-for-auto-industry" target="_blank">says Dave Gardner, executive vice president of National Operations at American Honda.</a></li> <li data-xf-list-type="ul">Previously (Sept. 30): <a href="https://seekingalpha.com/news/3746641-honda-looks-to-expand-into-air-taxis-and-space-robots" target="_blank">Honda looks to expand into air taxis and space robots</a></li> </ul><p></p><p><a href="https://seekingalpha.com/news/3748070-ford-motor-us-retail-sales-fell-208-yy-and-rose-343-mm-in-september-ev-sales-up-916" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3748070-ford-motor-us-retail-sales-fell-208-yy-and-rose-343-mm-in-september-ev-sales-up-916" target="_blank">Ford Motor U.S. sales rose 34.3% M/M in September; EV sales up 91.6%</a></p><ul> <li data-xf-list-type="ul">Ford Motor (<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a> +2.3%) <a href="https://seekingalpha.com/pr/18497840-new-products-improved-inventory-propels-ford-to-top-selling-automaker-in-september-retail" target="_blank">reports</a> U.S. sales fell 17.7% Y/Y to 156,614 vehicles in September.</li> <li data-xf-list-type="ul">Truck sales slipped 22.6% Y/Y to 83,554 units, Car sales down 80.3% Y/Y to 2,800 units, and SUVs +3.7% Y/Y to 70,260 units.</li> <li data-xf-list-type="ul">Total retail sales -20.8%: Truck -29.7%, Cars -79.5% and SUV +3.7%.</li> <li data-xf-list-type="ul">Sequentially retail sales improved 34.3% for the month.</li> <li data-xf-list-type="ul">Ford’s electrified vehicle sales were up 91.6% on sales of 9,150 vehicles.</li> <li data-xf-list-type="ul">F-150 Lightning reservations exceeded 150,000 mark.</li> <li data-xf-list-type="ul">Strong gains came from F-Series, which was up 36.5% Y/Y. Overall F-650/F-750 medium trucks were up 47.2% Y/Y.</li> <li data-xf-list-type="ul">“New products and improved inventories made Ford America’s best-selling automaker in September. Retail sales gained 34 percent, compared to August, and we expanded our retail share 3.8 percentage points. Inventory turn rates are at the highest we’ve ever seen, with 31 percent of our retail sales coming from filling customer orders. The highly anticipated Maverick had a successful launch at month’s end, while the new Bronco is flowing to dealers with in-transit vehicles up 200 percent compared to a month ago", says Andrew Frick, vice president, Ford Sales U.S. and Canada.</li> <li data-xf-list-type="ul">Last week, the company <a href="https://seekingalpha.com/news/3745899-ford-renews-155b-revolving-credit-lines-linking-to-esg-goals" target="_blank">renewed</a> $15.5B credit lined to achieve ESG goals.</li> <li data-xf-list-type="ul">Also read, <a href="https://seekingalpha.com/article/4458016-modeling-out-fords-ev-future" target="_blank">very bullish analysis on Ford stock by contributor Danil Sereda</a>.</li> </ul><p></p><p>I simply don't get the driverless car hype.</p><p></p><p></p><p><a href="https://seekingalpha.com/news/3748051-general-motors-robotaxi-startup-cruise-sees-path-to-50b-in-annual-revenue" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3748051-general-motors-robotaxi-startup-cruise-sees-path-to-50b-in-annual-revenue" target="_blank">General Motors' robotaxi startup Cruise sees path to $50B in annual revenue</a></p><ul> <li data-xf-list-type="ul">General Motors' (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) Cruise LLC, the automaker's majority-owned autonomous vehicle startup, sees potential for $50B in annual revenue for its ride-hailing services in the near future, according to <a href="https://www.bloomberg.com/news/articles/2021-10-04/cruise-sees-driverless-ride-hailing-business-topping-50-billion-gm-stock-rises" target="_blank">Bloomberg</a> sources. An announcement with the details will be made at GM's investor presentation on Oct 6 and 7.</li> <li data-xf-list-type="ul">Cruise is expected to begin offering ride-hailing services with a modified Chevrolet Bolt EV next year and with its Origin autonomous shuttle in 2023 if the necessary regulatory approvals are acquired. The company had previously planned to release its robotaxis in 2019 but had to wait until additional safety and performance tests were completed.</li> <li data-xf-list-type="ul">See which other companies are in the spotlight with earnings calls or investor days this week with <a href="https://seekingalpha.com/news/3747111-catalyst-watch-for-next-week-gm-box-and-ibm-events-altria-drama-and-auto-prices-watch" target="_blank">Seeking Alpha's catalyst watch.</a></li> </ul><p></p><p><a href="https://seekingalpha.com/news/3748038-subaru-september-sales-declines-30-on-supply-chain-disruptions" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3748038-subaru-september-sales-declines-30-on-supply-chain-disruptions" target="_blank">Subaru September sales declines 30% on supply chain disruptions</a></p><ul> <li data-xf-list-type="ul">Subaru of America (<a href="https://seekingalpha.com/symbol/FUJHY" target="_blank">OTCPK:FUJHY</a>) has reported 30% Y/Y decline in September sales to 42,054 vehicles due to inventory constraints caused by the global microchip shortage.</li> <li data-xf-list-type="ul">Year-to-date sales improved 6% to 462,802 vehicles.</li> <li data-xf-list-type="ul">Forester recorded a drop of 27.4% to 11,366; Impreza down 20.7% to 3,665; and Outback down 58.4% to 7,082 among others.</li> <li data-xf-list-type="ul">"Our adventure-ready vehicles, including the all-new Outback Wilderness and Forester Wilderness, continue to impress car buyers looking for enhanced off-road capabilities and trail-tested confidence," <a href="https://seekingalpha.com/pr/18496335-subaru-of-america-inc-reports-september-sales" target="_blank">said Jeff Walters, Senior Vice President of Sales.</a></li> <li data-xf-list-type="ul">Previously (Sept. 2): <a href="https://seekingalpha.com/news/3736958-subaru-of-america-sees-15-decline-in-august-sales-reports-safety-recall" target="_blank">Subaru of America sees 15% decline in August sales, reports safety recall</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16676242, member: 137766"] [URL='https://seekingalpha.com/news/3748073-general-motors-jumps-as-hedge-fund-engine-no-1-reveals-position'] General Motors jumps as hedge fund Engine No. 1 reveals position[/URL] [LIST] [*]General Motors ([URL='https://seekingalpha.com/symbol/GM']GM[/URL] +3.2%) shares surge after Engine No. 1, the small hedge fund that successfully won three board seats at Exxon Mobil ([URL='https://seekingalpha.com/symbol/XOM']XOM[/URL] +1.0%), [URL='https://www.cnbc.com/video/2021/10/04/watch-cnbcs-full-interview-with-engine-no-1-founder-chris-james-following-gm-stake.html']revealed[/URL] that it had acquired a stake in the automaker and supported its electrification plans. [*]"The beliefs that led us to Exxon are the same beliefs that lead us to GM," Engine No. 1 founder Chris James said on CNBC. "GM sits within an industry going through transition, as is Exxon, but that's where the analogy stops." [*]"GM, with the support of a strong management team, a great board, has decided they are going to embrace the future," he added. "They themselves can go in and disrupt and industry and be successful during this transition." [*]GM has made several moves to position the automaker for its transition to battery electric vehicles as it recently pledged to invest [URL='https://seekingalpha.com/news/3706874-general-motors-ramps-up-ev-investments-as-profitability-for-this-year-surprises']$35B on autonomous and electric vehicles.[/URL] [/LIST] Any truck in a storm??? [URL='https://seekingalpha.com/news/3748071-honda-motors-light-trucks-sales-offset-challenging-q3'] Honda Motors' light trucks sales offset challenging Q3[/URL] [LIST] [*]Honda Motors ([URL='https://seekingalpha.com/symbol/HMC']HMC[/URL]) joins rivals to report decline in September sales since global microchip shortage continued to constrain industrywide supply. [*]However, the automaker reported strong demand for its light trucks, improving overall results for the quarter. [*][B]September sales volume: [/B] [*]American Honda: Cars 32,278 (-36.5% Y/Y); Trucks 63,438 (-16.8% Y/Y). [*]Acura: Cars 2,397 (-28.6% Y/Y); Trucks 7,016 (-26.8% Y/Y). The brand recorded higher sedan sales driven by Acura TLX; Type S variant boosted sales and showroom traffic as reported. [*]Honda: 29,881 (-37% Y/Y); Trucks 56,422 (-15.4% Y/Y). [*]Sales of Honda electrified vehicles set a new annual sales mark (82,446) during third quarter; Insight hybrid sedan set a September sales record. [*][B]Total Sales Volume for Q3: [/B]American Honda, 345,914 (-10.9%); Acura, 38,555 (-2.8%); and Honda, 307,359 (-11.9%). [*]"The enduring nature of the microchip shortage and port congestion issues continue to constrain the entire industry, but we are encouraged by the record sales of Honda models where we have adequate inventory. We appreciate the patience of our customers as our associates, our suppliers and our dealers continue working to supply Honda and Acura products to meet their needs," [URL='https://seekingalpha.com/pr/18496327-american-honda-light-trucks-find-silver-lining-in-challenging-3rd-quarter-for-auto-industry']says Dave Gardner, executive vice president of National Operations at American Honda.[/URL] [*]Previously (Sept. 30): [URL='https://seekingalpha.com/news/3746641-honda-looks-to-expand-into-air-taxis-and-space-robots']Honda looks to expand into air taxis and space robots[/URL] [/LIST] [URL='https://seekingalpha.com/news/3748070-ford-motor-us-retail-sales-fell-208-yy-and-rose-343-mm-in-september-ev-sales-up-916'] Ford Motor U.S. sales rose 34.3% M/M in September; EV sales up 91.6%[/URL] [LIST] [*]Ford Motor ([URL='https://seekingalpha.com/symbol/F']F[/URL] +2.3%) [URL='https://seekingalpha.com/pr/18497840-new-products-improved-inventory-propels-ford-to-top-selling-automaker-in-september-retail']reports[/URL] U.S. sales fell 17.7% Y/Y to 156,614 vehicles in September. [*]Truck sales slipped 22.6% Y/Y to 83,554 units, Car sales down 80.3% Y/Y to 2,800 units, and SUVs +3.7% Y/Y to 70,260 units. [*]Total retail sales -20.8%: Truck -29.7%, Cars -79.5% and SUV +3.7%. [*]Sequentially retail sales improved 34.3% for the month. [*]Ford’s electrified vehicle sales were up 91.6% on sales of 9,150 vehicles. [*]F-150 Lightning reservations exceeded 150,000 mark. [*]Strong gains came from F-Series, which was up 36.5% Y/Y. Overall F-650/F-750 medium trucks were up 47.2% Y/Y. [*]“New products and improved inventories made Ford America’s best-selling automaker in September. Retail sales gained 34 percent, compared to August, and we expanded our retail share 3.8 percentage points. Inventory turn rates are at the highest we’ve ever seen, with 31 percent of our retail sales coming from filling customer orders. The highly anticipated Maverick had a successful launch at month’s end, while the new Bronco is flowing to dealers with in-transit vehicles up 200 percent compared to a month ago", says Andrew Frick, vice president, Ford Sales U.S. and Canada. [*]Last week, the company [URL='https://seekingalpha.com/news/3745899-ford-renews-155b-revolving-credit-lines-linking-to-esg-goals']renewed[/URL] $15.5B credit lined to achieve ESG goals. [*]Also read, [URL='https://seekingalpha.com/article/4458016-modeling-out-fords-ev-future']very bullish analysis on Ford stock by contributor Danil Sereda[/URL]. [/LIST] I simply don't get the driverless car hype. [URL='https://seekingalpha.com/news/3748051-general-motors-robotaxi-startup-cruise-sees-path-to-50b-in-annual-revenue'] General Motors' robotaxi startup Cruise sees path to $50B in annual revenue[/URL] [LIST] [*]General Motors' (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) Cruise LLC, the automaker's majority-owned autonomous vehicle startup, sees potential for $50B in annual revenue for its ride-hailing services in the near future, according to [URL='https://www.bloomberg.com/news/articles/2021-10-04/cruise-sees-driverless-ride-hailing-business-topping-50-billion-gm-stock-rises']Bloomberg[/URL] sources. An announcement with the details will be made at GM's investor presentation on Oct 6 and 7. [*]Cruise is expected to begin offering ride-hailing services with a modified Chevrolet Bolt EV next year and with its Origin autonomous shuttle in 2023 if the necessary regulatory approvals are acquired. The company had previously planned to release its robotaxis in 2019 but had to wait until additional safety and performance tests were completed. [*]See which other companies are in the spotlight with earnings calls or investor days this week with [URL='https://seekingalpha.com/news/3747111-catalyst-watch-for-next-week-gm-box-and-ibm-events-altria-drama-and-auto-prices-watch']Seeking Alpha's catalyst watch.[/URL] [/LIST] [URL='https://seekingalpha.com/news/3748038-subaru-september-sales-declines-30-on-supply-chain-disruptions'] Subaru September sales declines 30% on supply chain disruptions[/URL] [LIST] [*]Subaru of America ([URL='https://seekingalpha.com/symbol/FUJHY']OTCPK:FUJHY[/URL]) has reported 30% Y/Y decline in September sales to 42,054 vehicles due to inventory constraints caused by the global microchip shortage. [*]Year-to-date sales improved 6% to 462,802 vehicles. [*]Forester recorded a drop of 27.4% to 11,366; Impreza down 20.7% to 3,665; and Outback down 58.4% to 7,082 among others. [*]"Our adventure-ready vehicles, including the all-new Outback Wilderness and Forester Wilderness, continue to impress car buyers looking for enhanced off-road capabilities and trail-tested confidence," [URL='https://seekingalpha.com/pr/18496335-subaru-of-america-inc-reports-september-sales']said Jeff Walters, Senior Vice President of Sales.[/URL] [*]Previously (Sept. 2): [URL='https://seekingalpha.com/news/3736958-subaru-of-america-sees-15-decline-in-august-sales-reports-safety-recall']Subaru of America sees 15% decline in August sales, reports safety recall[/URL] [/LIST] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Car/Truck Manufacturer News
Top