KIMTF News and Press, Kia Motors Corp Ord From 04/06/21

Apple is still expensive despite a $20 dip in the stock price. The company is forecast to resume growth below the 10% rate starting in FY22. Investors appear willing to assign far too much value to hyped products such as the Apple Car. Investors should avoid Apple above $125. ...

Global electric car sales for Feb. 2021 up 136% YoY reaching ~4-5% share. Europe sales up 66% YoY reaching 14% share, China sales rose 500% YoY reaching 9% share. EV market news - EU plotting ban on internal combustion engine as of 2025: Industry. UBS increases EV market share forecas...

Kia Motors America (KIMTF) reports Q1 units sales up 9% Y/Y to 66,523 vehicles."After outpacing the industry last year, Kia is on the move again in 2021 and setting sales records as more new customers discover the world-class design and quality built into every one of our ...

Hyundai launches the BEV IONIQ 5 on its E-GMP platform, with IONIQ 6 and IONIQ 7 coming. Hyundai has success with BEV exports to Europe. Meanwhile Toyota keeps promoting fuel cells with a package available for a variety of products for third-party developers. Hyundai at the fr...

Kia Motors America (KIMTF) reports units sales down 7.9% Y/Y to 48,062.YTD Kia sales up 0.5% to 93,027 units."February saw positive advancements for the Kia brand on multiple fronts. The pace of new Sorento SUV sales continued to increase and J.D. Power named Kia the numbe...

Global electric car sales for Jan. 2021 up 112% YoY reaching 5% share. Europe sales up 50% YoY reaching 14% share, China sales rose 223% YoY reaching 8.4% share. EV market news - Bloomberg forecasts that "EV Investment growth to exceed renewable energy investments." President Biden is...

Kia Motors hosts an upbeat investor day event, featuring an optimistic longer-term vision built around PBVs. A lofty set of EV targets and new B2B solution offerings also underpin a medium to longer-term margin expansion path. With shares cooling off following the Apple Car news, ...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Bitcoin goes to the moonThe blistering rally in Bitcoin (BTC-USD) is continuing this morning, as the crypto tacked on another $1,500, a day after breaking ...

The switch to electric vehicles is happening fast as consumers increasingly accept the industry shift and governments across the globe announce plans for regulation on diesel and gasoline vehicles. Ford (F) is the latest to announce its entire passenger vehicle range in Europe would be "zero-...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Renaissance hedge funds hit with $5B in redemptionsJim Simons' Renaissance Technologies has seen at least $50B in redemption since the start of December, B...