|Bid||40.24 x 2200|
|Ask||40.36 x 2200|
|Day's range||39.98 - 40.45|
|52-week range||30.56 - 45.00|
|Beta (3Y monthly)||0.99|
|PE ratio (TTM)||7.29|
|Earnings date||30 Apr 2019|
|Forward dividend & yield||1.52 (4.10%)|
|1y target est||47.50|
Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor Corp and automotive parts supplier Denso Corp will invest a combined $667 million.
Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment valued its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor Corp and automotive company Denso Corp will combined invest $667 million.
Billionaire Tom Steyer, who has pumped millions of dollars of his own money into a campaign calling for Trump’s removal from office, told Reuters that lawmakers in the Democratic-led House of Representatives should begin the process of impeaching Trump, a Republican, based on the evidence amassed by Mueller. Mueller found no evidence of collusion between members of Trump's campaign and Russians, despite numerous contacts, but he amassed a wealth of evidence he said showed the president had sought to impede or control the FBI investigation.
The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. The ITC report is a crucial step in the push for Congress to consider ratification of the U.S.-Mexico-Canada Agreement, which was signed by President Donald Trump and the leaders of the other two countries last year to replace the 25-year-old North American Free Trade Agreement. The report estimates that annual U.S. real gross domestic product would increase by 0.35 percent, or $68.5 billion, on an annual basis compared to a NAFTA baseline, and would add 176,000 U.S. jobs, while raising U.S. exports.
General Motors Co's top executive, Mary Barra, received a compensation package worth just under $22 million in 2018, slightly less than the previous year, according to the No. 1 U.S. automaker's proxy statement released on Thursday. GM also said two members of the board of directors - former chairman of the joint chiefs of staff, retired Admiral Michael Mullen and the former CEO of ConocoPhillips, James Mulva - will not stand for re-election. GM and the rest of the auto industry are facing an expected decline in U.S. demand this year, slowing sales in the world's largest auto market in China and potential costly tariffs that could be imposed by the administration of U.S. President Donald Trump as it negotiates new trade deals with China, Europe and Japan.
The Trump administration on Thursday estimated that its new North American trade deal will create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the pact's new regional content rules. The forecasts from the U.S. Trade Representative's office were released ahead of an independent trade panel's hotly anticipated analysis that economists expect to show little or no U.S. gains from the new U.S.-Canada-Mexico Agreement. A USTR official told reporters that the jobs and investment estimates are based on plans disclosed by automakers to the trade agency for compliance with the new agreement's tighter rules of origin.
Global Economic Indicators Paint a Mixed PictureRetail sales According to the US Department of Commerce, US retail sales soared 1.6% in March compared to February, their highest pace of growth since September 2017. Another encouraging piece of news
Increased sale of trucks and SUVs is likely to drive Ford's (F) revenues in first-quarter 2019. However, escalating costs are concerning.
Product portfolio expansion to aid Harley-Davidson (HOG) in first-quarter 2019 earnings. However, the shift in customer preference for motorcycles is likely to adversely affect quarterly results.
Tesla's (TSLA) vehicle production and delivery numbers decline 10.9% and 31%, respectively, on a sequential basis in first-quarter 2019. This is likely to impact its quarterly results.
Key Takeaways from Alcoa’s Q1 Earnings(Continued from Prior Part)Trump’s tariffs During the first-quarter earnings call, Alcoa (AA) took a swipe at the Section 232 tariffs that President Trump imposed last year. From the very beginning, Alcoa
Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains - will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports? The industry is in "wait-and-see mode," but the tariffs would be a bad idea, Bob Carter, head of U.S. sales at Toyota Motor Corp, told Reuters on Wednesday. "If the tariff happened on the auto industry, quite frankly that's pulling the pin out of the grenade," he said at a conference on Tuesday held in conjunction with the New York International Auto Show.
Auto shows may be waning in importance as companies find other ways to introduce new products, but the New York International Auto Show still has a healthy list of new vehicle debuts.
A union official says a small contingent of workers has finished making replacement parts for the Chevy Cruze at a General Motors plant in Ohio where production of the compact sedan ended in March. The ...
General Motors Co has spent five years re-writing its playbook for making money in Latin America and the interior of China. This is just the opening salvo in a nearly $5-billion bet by GM to sell up to 2 million technology-laden, modern-looking vehicles annually to consumers who today cannot afford GM vehicles designed for the United States, but may someday as their incomes rise. GM has struggled for years to crack the code for growing profitably outside rich markets, in part because vehicles designed for the U.S. or China's wealthy coastal cities cost too much for developing world consumers.
In the latest trading session, General Motors (GM) closed at $39.56, marking a -0.38% move from the previous day.
Ups and Downs for Einhorn’s Greenlight Capital in Q1(Continued from Prior Part)Einhorn is a Tesla bear David Einhorn is known for being short on Tesla (TSLA). Last November, he referred to Tesla’s peak in the last quarter as being “as good as
Genuine Parts (GPC) undertakes acquisitions to expand global presence and scale. However, rising expenses are likely to hurt the company's Q1 results.
Sen. Bernie Sanders on Sunday accused President Donald Trump of betraying the working people who put him in office and challenged him to deny federal contracts to General Motors until the company reopens shuttered plants. "The biggest lie was that he was going to stand up for working families and take on the establishment," the Democratic presidential contender told a Pittsburgh rally in his first visit of 2019 to the critical battleground state of Pennsylvania. Earlier in Lordstown, Ohio, and again in Pittsburgh, Sanders pressed Trump to put action behind his words on GM plant closings.
The market is massive, the number of annual rides is growing fast, and some Americans are cooling to the idea of owning their own vehicles.
BEIJING (AP) — This year's Shanghai auto show highlights the global industry's race to make electric cars Chinese drivers want to buy as Beijing winds down subsidies that promoted sales.