Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Tom Krisher Published Jan 04, 2023 • 3 minute read Join the conversation FILE – A row of new Ford Fusions are for sale on the lot at Butler County Ford in Butler, Pa., Nov. 19, 2015. A shortage of computer chips and … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Nathan Gomes and Abhijith Ganapavaram Published Jan 04, 2023 • 1 minute read Join the conversation Article content General Motors Co reclaimed the top spot in U.S. auto sales from rival Toyota Motor Corp in 2022 as it was able to better meet strong demand … Read more
General Motors (GM) leads your stocks to watch for the upcoming week as the S&P 500 auto giant plans to produce 2 million EVs annually by 2025. MercadoLibre (MELI), Shift4 Payments (FOUR), Pure Storage (PSTG) and On Semiconductor (ON) also make the list. X GM stock and these others flashed buy signals recently that quickly … Read more
Carnival (CCL): Shares fell more than 13% in extended trading after the cruise line commenced a private offering of $1 billion in convertible senior notes due in 2027. It will be used as part of Carnival’s 2024 refinancing plan. Rivals Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH) fell on the news. Advance Auto Parts … Read more
(Bloomberg) — Warren Buffett, who has long reiterated his love for insurance companies, took a painful hit on Berkshire Hathaway Inc.’s underwriting businesses as inflation continues to weigh on the company’s operating units. Most Read from Bloomberg The conglomerate reported a $962 million loss on insurance underwriting in the third quarter, the worst quarterly loss … Read more
PhonlamaiPhoto/iStock via Getty Images Cleveland-Cliffs (NYSE:CLF) is scheduled to announce Q3 results on Tuesday, Oct. 25, before market open. Consensus EPS estimate is $0.51 and consensus revenue estimate is $5.79B (-3.5% Y/Y). Over the last 2 years, CLF has beaten EPS estimates 25% of the time and revenue estimates 38% of the time. Over the … Read more
(Bloomberg) — The largest US banks are warning of trouble ahead in auto loans as dropping prices for used cars risk leaving borrowers underwater. Most Read from Bloomberg Wells Fargo & Co. said that higher loss rates for loans it originated late last year contributed to an increase in write-offs for the period. Ally Financial … Read more
FCPT acquires a NAPA auto parts property for $1.4M Source link
jetcityimage/iStock Editorial via Getty Images A recovery from COVID-driven production halts should promote growth for China-exposed auto manufacturers and suppliers, while an escalating energy crisis leaves Europe unattractive, according to Wells Fargo. In a note to clients ahead of earnings season, a team of analysts at the bank led by Colin Langan indicated that conservative … Read more
U.S. auto sales are seen holding up in the third quarter, as vehicle inventories slowly improve but new headwinds arise. X General Motors (GM), Ford (F), Stellantis (STLA), Toyota Motors (TM) and Honda Motor (HMC) are among those teeing up to disclose September and Q3 sales. They are due to report Monday Oct. 3. The … Read more