Ford's European Sales Show Impressive Rise
Zacks.com submits: Ford Motor Company (F) revealed an impressive 12.8% rise in sales for October in its 19 European markets, outperforming the 6.8% gain in sales for the overall industry. In fact, the sales rise was considered as the best monthly performance in more than a decade. Several incentive programs by the European governments to trade old vehicles for newer cars backed the sales gain. The scrappage programs across several European countries are similar to the U.S. Government's "Cash for Clunkers" program that ran between July and August, through which the automaker generated tremendous response.Complete Story » seekingalpha.com |
Earnings Preview: Ford
theflyonthewall.com submits: Ford (F) is expected to report Q4 earnings before the market open on Thursday, January 28, with a conference call scheduled for 7am ET. GuidanceThe consensus estimate is 26c for EPS and $32.6B for revenue, according to First Call. For Q3, Ford beat consensus estimates for EPS and revenue. At the time it reported its Q3 results, the company said it's on track to exceed FY09 financial targets. Its Q3 results also indicated that the automaker was reversing a multi-quarter trend of negative cash flow. Positives for Q4 include cost cutting, improving volumes and an improving economy. Negatives for the quarter could be seen coming from higher raw material costs, stubborn unemployment and reduced revenue from the company's financial services segment. Complete Story » seekingalpha.com |
The Curious Case of Honda
Compete submits: An article in a recent edition of BusinessWeek detailed the woes of Honda (HMC). It discussed the automaker’s declining US market share as well as product missteps – most notably Crosstour and Insight – and its inability to cash in on Toyota’s problems while other competitors have been quick to capitalize. Here at Compete we decided to take a deeper dive into just what’s troubling Honda to uncover the root causes of its problems. The first place to look is at market demand, Compete’s measure of automotive shopping activities across all the top third-party automotive web sites—with no double-counting of consumers that completed the same activity on more than one of the sites. We also evaluated shopper counts by model and brand.Complete Story » seekingalpha.com |
Car Sales Up 14 Percent Year Over Year
Calafia Beach Pundit submits: Car sales in June were a bit weaker than expected, but they were nevertheless up 14% from year-ago levels. This series is notoriously volatile from month to month, so looking at the trend is the only way to make sense of it, and to me the trend is clearly up, and at a fairly rapid pace. That's not surprising given the depths to which sales fell—the rebound should be impressive. Nothing here to suggest the economy is "rolling over." I keep searching, but I can't find the signs that point to the double-dip recession that everyone seems to be expecting.Complete Story » seekingalpha.com |
Harley-Davidson CEO Discusses Q3 2010 Results - Earnings Call Transcript
Harley-Davidson, Inc. (HOG)Q3 2010 Earnings Call TranscriptOctober 19, 2010 9:00 am ETComplete Story » seekingalpha.com |