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Archive for the Auto Category

Powdering The GDP Pig – There Was No Escape Velocity Inside – David Stockman’s Contra Corner 10-30-15

Salient to Investors: David Stockman writes: The global economy is in deflation and the US economy is stalling and within months will be in recession and the market in panic. The Fed cannot prevent the US economy from sliding into the global slump. Since 2000, the Fed has twice before pushed on a

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It’s Not Over For Volkswagen; Deutsche Bank Downgrades ‘Polluted’ Stock – Benzinga.com 09-23-15

Salient to Investors: Tim Rokossa at Deutsche Bank said: Uncertainty related to Volkwagen’s emission scandal will persist and its impact poses even higher risks for VW’s future cash flows. The history of recalls shows that the first ‘confessions’ are rarely the end of it. Legal fees will be manageable as their

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Volkswagen emissions scandal could be just the beginning, Wall Street says – Wall Street Journal 09-23-15

Salient to Investors: Barclays said car makers face more pollution control expense in the wake of VW’s scandal. Stifel said the Intl Council on Clean Transportation has found questionable diesel emission results across several unnamed makers and more widespread vehicle recalls pose significant near-term risk for European car makers. Morgan

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What Turned Warren Buffett Into a Car Guy? Economics – BloombergBusinessweek 10-02-14

Salient to Investors: Warren Buffett has said he likes industries that come with barriers to entry. Many publicly traded dealers own 60 to 100 stores, so would be attractive acquisitions to Buffett’s automotive division, with the type of recurring revenue streams from service and parts that Buffett likes. Morningstar said the 10

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American Automobile Glut? Unsold Cars Are Piling Up – Bloomberg Businessweek 07-31-13

Salient to Investors: Automotive News reports that 3.27 million unsold cars sit on lots across the US, the most in almost 5 years and versus 2.7 million a year ago and 1 million more than in the summer of 2011. Interest rates are still relatively low, car loans are easy

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U.S. Expansion Poised for Longevity – Bloomberg 06-09-13

Salient to Investors: The economic expansion shows signs of lasting almost twice as long as average, with few of the excesses that often presage the start of contractions – inflation is slowing, not quickening, household debt is shrinking, not expanding, and the labor market is slack, not tight. Robert Gordon

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Look Out For This Positive GDP Surprise – Seeking Alpha 01-23-13

Salient to Investors: Lou Basenese at The Wall Street Daily writes: At the very least, an uptick in demand is ahead for housing-related and automotive companies. Richard Fisher at the FRB Dallas says US GDP could grow 3% in 2013 versus the average economist expectation of 2%. Pickup truck sales

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Russia’s Desire for Cars Grows, and Foreign Makers Take Notice – New York Times 12-25-12

Salient to Investors: Trickle-down oil wealth and the spread of easily accessible auto financing are lifting auto sales in Russia. The Russian middle class is rising, and becoming a force in both commerce and public life. Russians have shown little nostalgia for their own cars. Russia is projected to surpass

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Retail Sales in U.S. Rose 0.9% in August on Auto Demand – Bloomberg 09-14-12

Salient to Investors: Millan Mulraine at TD Securities said retail sales are not as strong as the headline number suggests as the price of gas will divert from discretionary spending. Jenny Lin at Ford said economic fundamentals remain modest but stable. Read the full article at http://www.bloomberg.com/news/2012-09-14/retail-sales-in-u-s-increased-0-9-in-august-on-auto-demand.html

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