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Toyota Up on Earnings News

Shares of Toyota Motor Corp. (TM) were running smoothly this afternoon. At the time of this writing, they were up 3.3% to $87.96. That wasn't too far away from the new 52-week high of $89.31 that was set earlier in the session.

Driving the move was a third-quarter earnings report. According to the Associated Press, net income declined by 39%. While that may not be something investors would want to buy, here's the part of the story that they apparently are giving a bid: management increased its outlook for the full-year profit, expecting it to come in at around $6 billion instead of $4.3 billion.

Continue reading Toyota Up on Earnings News

Ford Punished After Earnings Report

FordDid you see the price action in Ford (F) Friday? I shouldn't call it price action; instead, I should refer to what I saw as an act of total carnage. Seriously, down over 13%?

That's what happened. Volume was, as one might expect, huge. The price of the automobile manufacturer settled at the end of day to a quote of $16.27. The 52-week low for the shares is $9.75 while the 52-week high is $18.97. The one-year chart shows a stock that has been doing very well. Investors want to know if this is a simple bump in the road on the way to further capital appreciation.

Continue reading Ford Punished After Earnings Report

Ford a Buy After Q3 Numbers?

You've got to hand it to Ford Motor Company (F). The stock has been a great investment this year. All you have to do is examine the one-year chart. Agreed: it isn't the smoothest graphic. No matter; you can't miss the tantalizing ride implied in the image. To those who added the automobile entity to their portfolios when the shares were in the single digits, my hat is off. It must be a wonderful feeling.

That was then, this is now, as they say. How should one view the company today? Admittedly, this name isn't exactly my kind of investment idea. As I said earlier in the year, my tendency is to seek other, safer alternatives before considering committing capital to a company like Ford.

Continue reading Ford a Buy After Q3 Numbers?

For the U.S. to Recover Its Investment, General Motors Must Sell For ...

General Motors GMI found a rather interesting article from Wednesday's Washington Post that examined how the U.S. government could recover its investment in General Motors (GM). I decided to try this on a Price Is Right closest-without-going-over basis with my wife. Let's just say that we both missed the real number by quite a bit.

In order for the government to get back all of its $50 billion investment in GM, it must sell its stake at $134 per share. Does that figure seem a bit crazy? Blame it on the special inspector general of the government's bailout programs, that's who came up with the estimate.

Continue reading For the U.S. to Recover Its Investment, General Motors Must Sell For ...

Ford: Be Careful After Q1

Ford (F) looks like a great stock. The one-year chart makes you want to cringe if you didn't get in at either the 52-week low or some lower point, at least. I know I'm kicking myself for not following the price action to profit glory. But if the stock dips, should you take a position in the automaker?

This is a tough one. Technically, I would say yes, buy on a dip. It could be an opportunity to make money on the next run toward the 52-week high of $14.57. There seems to be momentum to the situation, and if it briefly stalls, then all the better for the traders.

Continue reading Ford: Be Careful After Q1

Ford Was Top Brand in Europe in March

Ford (F) had itself quite a month of March overseas, as the company's auto sales increased 16.1% compared to a year ago. The March increase was the tenth straight for the American automaker, driven higher by sales of the company's Fiesta model. The Ford Fiesta saw sales of 68,800, which was the highest monthly sales for any Ford model on record in a single month across the pond.

Ford's market share increased 10.4%, which marks a 12-year high and is Ford's highest market share since August 1998. Ford was the top-selling brand in the UK, Denmark, Hungary, Ireland, The Netherlands, and Turkey during March. It should be noted that March sales are traditionally strong in Europe, as registration plates change. Ford saw 72,700 new registrations during the month, 16.4% better than a year ago.

Continue reading Ford Was Top Brand in Europe in March

Auto Sales Surge in December, Capping Dismal Year

The auto industry probably doesn't want to look back on 2009. Ignore the rearview mirror; put it in drive and move forward. At least the dismal year ended on a high note. Despite a total sales decline of 21.2%, to 10.4 million units, the industry gets to celebrate a 15.1% increase in sales for the month of December, according to Autodata.

For the Detroit crowd, Ford (F) led the pack, with December sales up almost a third. General Motors (GRM) ticked 5.7% higher, with Chrysler up 3.7% for the month.

Continue reading Auto Sales Surge in December, Capping Dismal Year

The economy turns the corner? Consumer spending likely up slightly

October seems to have been a good month for consumer spending. Unemployment is holding consumers back, but it isn't keeping wallets clamped shut.

A Bloomberg survey reveals that purchases grew 0.5% last month, based on the thoughts of 61 economists. The U.S. Department of Commerce is releasing its report on Wednesday. In advance of this news, Bloomberg's survey suggests that there are signs of slight improvement.

Continue reading The economy turns the corner? Consumer spending likely up slightly

Ford (F) posts surprising profit for its third quarter

American auto maker Ford Motor (NYSE: F) gave investors a reason to smile this morning when it posted a surprising $1 billion profit for its third quarter.

Going into this morning's earnings release, analysts had expected to see the Dearborn, Michigan-based auto manufacturer to lose 12 cents per share. But Ford had other ideas, posting a profit of 29 cents per share, or $997 million.

Continue reading Ford (F) posts surprising profit for its third quarter

General Motors finalizes Hummer deal

General Motors Sells Hummer Truck BrandChina has taken its first major step into the U.S. car market as General Motors announced it had finalized a deal to sell off its Hummer truck brand to Chinese auto manufacturer Sichuan Tengzhong Heavy Industrial Machinery.

Under the deal, GM will continue to make the trucks no later than 2010. While a deal has been reached, it is still going to be up to Chinese regulators to approve the deal and decide if the brand can be profitable and fit into the country's overall national strategy to improve energy efficiency.

Continue reading General Motors finalizes Hummer deal

Ford sales fall in September

It should not come as too big of a surprise, but American auto maker Ford Motor (NYSE: F) announced today that its sales fell by 5.1% in September.

Following this summer's widely popular "cash for clunkers" program, it was some what expected that demand would weaken during September as so many people had just recently purchased new cars to take advantage of the government program.

Continue reading Ford sales fall in September

Chrysler releases five-year plan

On Wednesday, Chrysler CEO Sergio Marchionne announced that he has designed a five-year plan for the automaker (Wall Street Journal, subscription required). Marchionne believes the restructuring will be slow initially, but should improve "significantly" next year.

We should receive the plan by the end of November, and Chrysler will start reporting its quarterly results by the end of the year. Marchionne stated, "We are going to become a normal reporter in the U.S. hopefully by the end of 2009. ... You will see numbers like you see for everyone else." One can only assume that this is one of the "whole pile of surprises" Marchionne promised back in June when Fiat took over Chrysler.

Continue reading Chrysler releases five-year plan

General Motors may decide the fate of Opel

The General Motors' board is starting its two-day meeting today, and it is believed that the company is going to decide what will happen to the German Opel automobile unit. There are other topics to be discussed, including a new marketing campaign and preparation for a public offering of stock so the automaker can repay the U.S. taxpayers.

Nevertheless, the major news will be the company's decision about Opel -- what should General Motors do? Is it smart for the company to give up a portion of its market share in Europe in order to stabilize American sales? Reuters examined several scenarios General Motors might face.

Continue reading General Motors may decide the fate of Opel

Automakers to cut sticker prices on 2010 models

Even with the cash-for-clunkers program in full effect, demand for new automobiles is the lowest it's been in years. This has heightened competition among automakers, who are being forced to both improve their products and discount their prices. Consumers in the market for a new 2010 vehicle may be treated to a discount.

Toyota Motor (NYSE: TM), for example, plans to introduce a less expensive Prius, and the 2010 Nissan (OTC: NSANY) Sentra will see its sticker price drop by anywhere from $130 to $1,080, based on the features the buyer opts for. Other vehicles that will hit the showroom floors at a discount include the Mercedes-Benz E350 mid sized sedan and the Lexus RX 350, discounted by $3,300 and $700, respectively.

Continue reading Automakers to cut sticker prices on 2010 models

General Motors to boost output

General Motors Cash for ClunkersThe government's "cash for clunkers" has been far more popular than anyone thought, prompting General Motors to boost production at several factories to keep up with demand.

While not everyone is so convinced that the "cash for clunkers" program is good for the economy, there is no doubt that the big American car makers are enjoying the benefits. Five days ago I wrote about the decision by Ford Motor Company (NYSE: F) to boost production by 15% above its prior estimates, and today General Motors announced it will raising output and bringing back employees that it had been forced to lay off.

Continue reading General Motors to boost output

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DJIA-89.2312,801.23
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Last updated: February 11, 2012: 02:32 PM

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