whytestocks
6年前
News: $AXL AAM to Present at the 2019 Bank of America Merrill Lynch Auto Summit on April 17
DETROIT , April 12, 2019 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the 2019 Bank of America Merrill Lynch Auto Summit on April 17 . Starting at 10:25 a.m. ET , David C. Dauch , AAM's Chairman and Chief Executive Officer, wil...
Find out more https://marketwirenews.com/news-releases/aam-to-present-at-the-2019-bank-of-america-merrill-lynch-auto-summit-on-april-17-7990582.html
1center
10年前
$AXL American Axle & Manufacturing. Strong #AUTO SALES update
$GM $FCAU $F ..http://www.aam.com/ #stocks
Auto Makers Report Strong U.S. Sales -- 3rd UpdateFont size: A | A | A
11:24 AM ET 8/3/15 | Dow Jones
By Mike Ramsey And Chelsey Dulaney
U.S. auto sales continued their strong pace in July as the appetite for trucks and sport-utility vehicles overcame the fading popularity of fuel-efficient cars.
The auto industry is on pace to break 17 million vehicle sales for the year, the strongest level in more than a decade, as continued low fuel prices, low interest rates and an old fleet of vehicles on the road have combined to power the market for new cars into a long expansion that began in 2009.
With the national average for fuel prices at $2.65 per gallon of regular gasoline, down nearly $1 from a year ago, consumers are snapping up pickup trucks and SUVs.
General Motors Co., the largest U.S. auto maker, posted a 6.4% sales increase and Ford Motor Co. rose 4.9% in the month. Fiat Chrysler Automobiles said sales rose 6.2%, Nissan Motor Co. jumped 7.8% and Honda Motor Co. said sales rose 7.7%. Toyota Motor Corp. said sales rose less 1% off of a strong July 2014.
The six largest auto makers, which account for about 70% of the market, had a sales increase of 5.3% to 1,167,647 for July, as other companies continue to report sales throughout the day.
Purchases of light trucks, which are generally more expensive than cars, drove up transaction prices 2.6% to a $33,453, according to car purchase researcher Kelley Blue Book.
The thirst for larger vehicles has been good to the auto industry. Auto makers, both foreign and domestic, are reporting very strong second-quarter profits, built largely on results from North America. Trucks and SUVs tend to produce higher profit margins than cars. Through six months of 2015, light trucks have made up more than 50% of new car sales and the percentage is rising. The market share of pickups rose to 12.3% of the industry, up a full percentage point compared with a year ago, while midsize cars fell to 13%, down a point, according to Ford.
Demand for fuel efficient vehicles is spiraling down. Ford said sales of its C-Max hybrid plunged 36% in July and its subcompact Fiesta fell 27%. Production at its Wayne, Mich.-assembly plant where the C-Max is built, stands at 79% of its capacity, according to Wards Auto, while many of Ford's other plants, which make SUVs and trucks, are running 24 hours a day.
At FCA, trucks and SUVs made up 79% of its sales. Nissan said sales of its Leaf electric car plunged 61% in July and the compact Versa also fell 36%. GM's plug-in hybrid Volt fell 35% in the month.
Through June 2015, the market share in the U.S. for hybrid electric cars, like the Toyota Prius and C-Max and electric vehicles, like the Leaf, was 2.8% of industry sales. That is down from 3.6% through the same period in 2014. Volumes of those vehicles fell 22% while the overall industry rose, according to researcher Edmunds.com.
Auto makers have been selling cars to rental car fleets to blunt the effects of the drop in demand by consumers and the intense competition in a segment loaded with good options.
For example, Ford's sales of its Fusion sedan rose 5% in July to 25,105, attributed by Ford to higher sales to fleet customers and lower retail sales at dealerships.
"We think it is a market share battle in the passenger-car market for us, " Ford's U.S. sales chief Mark LaNeve said. "But we're doing reasonably well. Our Asian competition has been very strong. They're looking to protect their volumes. We've seen increased incentive spending from them, as well as higher inventories."
Christina Rogers contributed to this article.
Write to Mike Ramsey at michael.ramsey@wsj.com and Chelsey Dulaney at Chelsey.Dulaney@wsj.com
> Dow Jones Newswires
August 03, 2015 11:24 ET (15:24 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
1center
10年前
$AXL $GM US sales up 6%...AAM Selected as Target Supplier of Axles and Driveshafts for GM's Next Generation Full Size Truck ProgramFont size: A | A | A
8:02 AM ET 7/31/15 | PR Newswire
American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced that it has been selected as target supplier to provide axles and driveshafts for GM's next generation full size truck program under GM's Strategic Sourcing Process (SSP).
A key objective of the SSP is to involve critical suppliers earlier in the process of designing and developing future vehicle programs. Pending final design direction and completion of the sourcing process, AAM expects to retain approximately 75% of the sales content provided to GM for the current full size truck program.
AAM expects to provide approximately 75% of the light-duty axles, 100% of the heavy-duty axles and 100% of the rear steel driveshafts for GM's next generation full size truck program. AAM does not expect to provide the aluminum driveshafts, front auxiliary driveshafts and steering linkages for GM's next generation full size truck program.
"With the strategic sourcing of multi-generations of this program now clarified, AAM is pleased to reaffirm our long-term partnership with GM," said AAM's Chairman, President & Chief Executive Officer, David C. Dauch. "AAM's innovative product, process and systems technology, as well as our cost-competitive global manufacturing, engineering and sourcing footprint, provides a compelling value proposition to all of our customers, including GM."
"With the direction of a core program of AAM's business now solidified for many years to come, we will continue to focus on leveraging our long-term commitment to quality, technology leadership and operational excellence to drive profitable growth and business diversification."
AAM is a world leader in the manufacture, engineering, design and validation of driveline and drivetrain systems and related components and modules, chassis systems, electric drive systems and metal-formed products for light trucks, sport utility vehicles, passenger cars, crossover vehicles and commercial vehicles. In addition to locations in the United States (Michigan, Ohio, Pennsylvania and Indiana), AAM also has offices or facilities in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, Scotland, South Korea, Sweden and Thailand.
Hostile Takeover
14年前
Shares of Autoliv Rank the Highest in terms of Relative Performance in the Auto Parts & Equipment Industry (ALV, AXL, TRW, TEN, JCI)
3 days 5 hours 41 minutes ago - Comtex SmarTrend(R) via Comtex
Comtex SmarTrend(R)
Below are the top five companies in the Auto Parts & Equipment industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.
Autoliv (NYSE:ALV) ranks first with a gain of 2.65%; American Axle & Manufacturing (NYSE:AXL) ranks second with a gain of 2.39%; and TRW Automotive (NYSE:TRW) ranks third with a gain of 1.77%.
Tenneco (NYSE:TEN) follows with a gain of 1.51% and Johnson Controls (NYSE:JCI) rounds out the top five with a gain of 1.36%.
Autoliv, Inc. develops and manufactures automotive safety systems for automotive manufacturers. The Company's products include seat belts, airbags, anti-whiplash seats, child restraints, and leg protection equipment. Autoliv tests cars and products at crash test tracks in several countries.
Write to Chip Brian at cbrian@mysmartrend.com
Hostile Takeover
14年前
Our fundamental outlook for the auto parts and
equipment sub-industry is positive, reflecting our
expectations for rising demand in the U.S. and
abroad, partly offset by increased raw material and
oil and gasoline prices and other operational
challenges.We believe profits in 2011 should benefit
from the higher U.S. and international vehicle
production. Some parts makers may be impacted by
production reductions in the second and third
quarters due to the Japan crisis.
We estimate an increase of 12.9% to 13.0 million
units in U.S. light vehicle sales for 2011 as well as
gains in most other regions. Rising prosperity in
emerging markets, led by China, should drive global
demand growth, partly offset by weaker
post-scrappage program European demand. While
U.S. demand will likely remain low by historical
standards, overall, we think higher volume in the
U.S. and abroad versus 2010 will help corporate
profits and cash flows. Positive factors we see in
the U.S. for 2011 include higher employment and
increased consumer confidence, pent-up consumer
and business demand and improving access to
credit for consumers. Cost cutting should also help
margins. However, rising gasoline prices could hurt
sales volume and vehicle sales mix. Also higher raw
material costs could pressure profit margins.
We forecast higher global vehicle production in
2011, with production trends varying by country. U.S.
new light vehicle production should increase.We
also project higher production in Asia, excluding
Japan, and expect improved U.S. automotive
replacement parts market demand.We think
demand for new commercial (heavy) trucks will rise
in 2011.
Many auto parts suppliers are increasing their
proportion of business done outside the U.S.
Emerging markets are becoming more attractive to
parts manufacturers due to lower labor costs for
manufacturing and engineering and/or due to
growing demand in local and regional markets.
Year to date through May 6, the S&P Auto Parts &
Equipment Index rose 4.3% versus a 6.8% gain for
the S&P 1500 Index. In 2010, the sub-industry index
surged 53.9% versus a 14.2% increase for the S&P
1500.
--Efraim Levy, CFA
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