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There's doom and gloom all over in the automotive industry right now. U.S. sales are down only 2% or so this year, but profits are under heavier pressure as a result of very expensive emissions laws compliance. Basically, the whole new automobile industry is not a pretty sight in 2019 when i...
Investment highlights We expect Kia Motors' ( OTCPK:KIMTF ) 2Q19 operating profit to come in at KRW464.8bn (+32% YoY, 3.2% operating margin), 7% higher than the consensus estimate. Wholesale volume was flat YoY (-1.4% YoY excluding China) but FX movements against most currencies turned favor...
Welcome to the June 2019 edition of Electric Vehicle company news. June saw a slowdown in May EV sales, but still a positive 12% growth YoY, mostly caused by a slowdown in China EV sales. Given the trade war and the negative growth in conventional car sales the result is not too bad. As far ...
Welcome to the June 2019 edition of Electric Vehicle company news. June saw a slowdown in May EV sales, but still a positive 12% growth YoY, mostly caused by a slowdown in China EV sales. Given the trade war and the negative growth in conventional car sales the result is not too bad. As far ...
One of the challenges with information is that it comes in bites, known as items, that die a quick death in the short news cycle. Those of us who contribute to Seeking Alpha experience this with every article. On the one hand, we gather and interpret data, and submit copy carefully but quickly...
This article first appeared on Trend Investing on April 30, 2019; therefore all data is as of that date. Electric Car Waiting Lists Are Becoming The Norm Waiting lists for electric cars really only started with the launch of Tesla ( TSLA ) Model 3 and the ~400,000 order waiting list th...
Welcome to the May 2019 edition of Electric Vehicle ((EV)) company news. May saw a slight slowdown in the growth rate for April sales, but still a solid result reaching 2.1% global market share. It was a "massive May month" for electric vehicle news - including some electric vertical take-off ...
Automobiles: Carmakers cutting costs to make bigger collaborations/investments to enjoy re-rating The automotive industry is undergoing a period of major changes as restructuring efforts pick up and investments for the future accelerate. On the other hand, in Japan, earnings stability has ...
Fitch sees further pressure building up on Japanese and Korean automakers from the fundamental shift in the industry towards new forms of car ownership and mobility, as well as an accelerating trend towards electric cars. More news on: Toyota Motor Corporation, Honda Motor Co., Ltd., Nis...
The Hyundai-Kia Group ( OTCPK:HYMLF ), which also includes the Genesis luxury brand, is in competition for being the world’s fourth-largest automaking group. The three largest are of course Volkswagen (VLKAF), Nissan-Renault-Mitsubishi (NSANY) and Toyota (TM): Toyota extends its earl...
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A survey conducted by JD Power on customer satisfaction among first-time electric vehicle (“EV”) owners revealed Tesla (NASDAQ: TSLA) , Ford (NYSE: F) and Kia (OTC: KIMTF) were their top choices. EV technology has been present for a while; however, its adoption has been ...
Electric vehicles (EVs) have been the next big thing in transportation for nearly a decade, but they're still a bit player in the auto market. According to a report by McKinsey & Company, despite 63% year-over-year growth, EVs were just 2.2% of the global auto market in 2018. In 2020,...
Asia is where the electric vehicle boom is well and truly underway: China is the world’s biggest market for EV cars in sales , while Japanese brands are in the vanguard of EV technology . Over a million EVs were sold in China in 2018 — more than double the amount so...