Tag Archive
Car Earnings At Risk As Incentives Dry Out – US-FOREX.US
Don’t be fooled. Car sales in the U.K. rose for the first time since April 2008, thanks to the positive push given by scrapping incentives following similar initiatives elsewhere in Europe. But the impact is likely to be short-lived.Analysts at Credit Suisse said on Thursday they still preferred premium car markets, which haven’t been benefited… »
Sirius Sales In The Fast Lane – US-FOREX.US
Investors are hoping that Sirius XM Radio sales will hitch a ride from the U.S. auto sector, which is accelerating thanks to the U.S. government’s cash-for-clunkers program.Shares of Sirius XM Radio
have been climbing-up nearly 30% for the week-as automakers have been crediting the Car Allowance Rebate System for recent sales surges. Sirius shareholders have… »
Volkswagens Balancing Act – US-FOREX.US
It might not be selling as many cars as it wants, but it does have plenty of cash. Europe’s largest car maker, Volkswagen managed to beat expectations with second quarter profits as it gathered seemingly more than enough cash to buy Porsche ahead of its tie up with the sports car maker. Stuttgart, Germany-based Volkswagen… »
PSA Turns Red- US-FOREX.US
The glass is half full for PSA. France’s biggest carmaker, PSA Peugeot Citroen, swung to a loss on Wednesday, highlighting tough market conditions until 2010. Yet investors remained positive on the stock based on a higher-than expected debt reduction and positive cash flow, a sign the company is managing its finances well.The carmaker posted a… »
Fiats Issue Is Debt Not Profit – US-FOREX.US
There is a chance that Italian carmaker Fiat will surprise the market with a return to profitability on Wednesday. However, the market will be more concerned about the firm’s progress in lightening its cumbersome debt load.
Fiat
could post a net profit of between 31 million euros to 40 million euros according to some analysts… »
All Eyes On Fiats Debt – US-FOREX.US
Could Italian carmaker Fiat surprise the market with a return to profitability when it posts its second quarter results on Wednesday? It may well do, but the market will be more concerned about the firm’s progress in lightening its cumbersome debt load.
Fiat
could post a net profit of between 31 million euros to 40 million… »
BMW Out Of The Woods – US-FOREX.US
Demand for cars in Europe has dropped drastically but there are signs the luxury market is starting to pick up. That’s the latest hint given by luxury carmaker Bayerische Motoren Werke after one of its top executives said in a newspaper interview that the company was ready to increase production in the next six months.Shares… »
Germanys Auto Smackdown – US-FOREX.US
Things between Porsche and Volkswagen are getting messier and this could undermine both companies in the long run. On Monday Volkswagen denied reports that it had presented Porsche an ultimatum to accept its proposal for a merger of the two companies, after Porsche management had accused its rival of “extortion.””Ultimatums do not belong in the… »