Excluding 2009 Volvo revenues from the equation -- the division is being sold to China's Zhejiang Geely for $1.8 billion -- Ford's second-quarter revenues spiked by more than 30% year over year.
Zacks.com Analyst Blog features: Ford Motor Co. (NYSE: F), General Motor (OTC: MTLQQ), Tata Motors (NYSE: TTM), Amgen Inc. (Nasdaq: AMGN) and GlaxoSmithKline (NYSE: GSK). Get the most recent insight 2010 06 01 17:05
For those of you who read my blog, you know that I’ve had an interest in Tata’s (TTM) acquisition of Jaguar and Rover. When it was announced, I failed to see the value proposition in the combination of Tata and JLR, and I remain somewhat skeptical of JLR’s ability to provide value to Tata (for background see Jaguar/Rover Revisited, Jaguar/Rover Update, and Buyer’s Remorse).
Irrespective of my opinion, it was with great interest that I read this week’s Economist,...
The latest signs from manufacturing, housing and the labor market all point to the return of economic recession. This report focuses on the dimming of the economy's only shining star, manufacturing. Yesterday offered an ominous ISM Manufacturing Report, and we think you should note the change the report illustrates.
The daily barrage of data piles on the double-dip economic recession reality, beating down hopeful strategists and forecasters with truth. It's an ugly truth, unfortunately, but it's what we must deal with. This latest day's...
With Sirius XM’s (NASDAQ: SIRI) growth tied so closely to the OEM channel, it is prudent to dive into the June auto sales results that were released yesterday to see what they mean for Sirius XM. One of the biggest things to jump out at me when reading over the report was...
Metal stocks continue to feel the heat of a feared Chinese slowdown, as these led the Indian markets lower today. Selling was also seen in stocks from the realty and automobile sectors. On the broader BSE, one stock lost for every one that closed in the positive.
The BSE Sensex and NSE Nifty closed with losses of around 190 points (1.1%) and 60 points (1.2%) respectively. However, mid and small cap stocks weren't hit so badly. In fact, while the BSE Midcap index closed down by 0.4%, the BSE Smallcap...
Indian markets saw an end to their winning streak, as they fell today after being in the positive for seven days on the trot. Today's selling was led by stocks from the metals and oil and gas sectors. On the broader BSE, almost two stocks lost today for every one that closed in the positive.
The BSE Sensex and NSE Nifty closed with losses of around 45 points (0.3%) and 10 points (0.3%) respectively. Mid and small-cap stocks followed suit. The BSE Midcap and BSE Smallcap indices closed weaker by around...
After a cautious start in the morning, Indian indices slowly gained strength as the day progressed only to be subject to another round of profit booking. However, sustained buying at lower levels ensured that the indices stayed well above the dotted line and closed in the green. While the BSE Sensex closed higher by around 65 points (up 0.4%), the NSE Nifty gained around 13 points (up 0.3%). The BSE Midcap and BSE Smallcap also notched gains of 0.5% and 0.3% respectively. While gains were seen in metals and oil...
The week ended largely positive for most of the world’s indices. The US was the worst performing market of the week (down 0.6%) as news of Spanish debt downgrade came in late Friday. Other than the US, the only market to close in the red was Japan (down 0.2%). Among the other world markets, China (up 2.8%) was the top performer followed closely by Brazil (up 2.8%).
Up by 2.5%, India’s benchmark Index BSE-Sensex was also among the top performers of this week on the...
Indian indices managed to close the session firmly in the positive today backed by buying interest in heavyweights. Gains in excess of 2% were seen in the BSE bank, auto and oil and gas indices. The benchmark Indian indices closed nearly 2% higher today.
The BSE Sensex and NSE Nifty closed with gains of around 278 points (1.7%) and 86 points (1.7%) respectively. The BSE Mid and small cap indices saw gains of nearly 1% each. India...
After opening in the green, markets made steady inroads into positive territory in the ensuing hours led by sustained buying activity across index heavyweights. This ensured that the indices closed well above the dotted line in the final trading hour. While the BSE Sensex closed higher by around 580 points (up 3%), the NSE Nifty gained around 176 points (up 4%). Midcap and small cap stocks also did well to notch gains of 2% and 3% respectively. Gains were largely seen in metals and banking stocks.
Expecting a situation where the consumers are backing out due to the long waiting period over the product, the home-grown auto major, Tata Motors has recently changed its gears as far as the ...
Mercedes Benz is considering to set up its own paint shop in India at its Chakan plant, Pune. Since past half a century it had a pact with Tata Motors to offer the job work. The agreement between ...
The Sensex after trading in the negative zone, moved up into the positive terrain to again fall into the red as the market is directionless. Realty, IT and teck stocks saw some selling activity ...
MUMBAI: The role of the 53-year-old Noel Tata just got bigger in India's biggest conglomerate on the 106th birth anniversary of JRD Tata, setting tongues wagging, yet again, on it being a step in ...
Jamshedpur: Tata Motors is setting into motion a plan to open a heavy commercial vehicles unit in Myanmar. The Indian automobile giant recently entered into a contract with state-run Myanmar ...
AP Geely Holding Group has received final Chinese government approval to acquire Volvo Cars from Ford Motor Co., the Commerce Ministry said Thursday. Commerce officials approved the $1.8 billion ...
By Chip Brian Below are the top five companies in the Construction & Farm Machinery industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity ...
3:30 pm: After a rangebound session, the Sensex closed Thursday's trade just below the 18k mark at provisional 17,997.61, gaining 40.24 points or 0.22%. Intrday the BSE 30-share index saw a high ...
By Chip Brian Tata Motors (NYSE:TTM) traded in a range yesterday that spanned from a low of $18.82 to a high of $19.28. Yesterday, the shares gained 1.42%, which took the trading range above the 3 ...
Farmers owning land near Tata Motors' plant for the world's cheapest car, Nano, at Sanand, 30 km from here, have turned millionaires overnight. Nineteen ryots have struck a hard bargain with the ...
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