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In Japan, The Kumamoto Earthquake Did 'Major Damage' To At Least One Local Plant
Tuesday, April 19, 2016 - 4:52pm | 419The magnitude 7 earthquake and its aftershocks that have been hitting Japan over the last few days have investors worried about damage and disruptions of local businesses. In a series of reports out this week, Citi analysts address the impact the quake has had on a number of companies with...
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Tesla Optimism Makes No Sense, Writer Says
Monday, March 21, 2016 - 1:03pm | 343Tesla Motors Inc (NASDAQ: TSLA)'s stock is on a tear in the past month, rising more than 42.9 percent. However, according to Business Insider transportation expert Matthew DeBord, Tesla investors are making a big mistake when it comes to the outlook for the coming Model 3. “This is the notion...
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Why Timing Could Be Right For A Nissan-Renault Merger
Thursday, November 5, 2015 - 1:22pm | 409Dominic O'Brien of Exane BNP Paribas commented in a note that "the stars may finally be aligning" for a full merger of RENAULT SA REGIE NAT (OTC: RNSDF) and Nissan Motor Co Ltd (ADR) (OTC: NSANY). O'Brien noted that reports from media sources suggest the French government...
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Hespen Rally: Car Lovers Unite To Honor Fellow Enthusiast
Monday, September 21, 2015 - 3:04pm | 943The automotive community is a unique one. Regular folk might not realize though that it’s also an incredibly close-knit one as well. The Hespen Rally was created as a fundraiser for bile duct cancer research, an uncommon form of cancer that affects 2,000-3,000 people annually, according...
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This Investor Was Short Tesla And Sees More Downside Ahead
Thursday, August 6, 2015 - 3:35pm | 388Although Tesla Motors Inc (NASDAQ: TSLA) reported better-than-expected second-quarter numbers on Wednesday after market close, the company's stock opened significantly lower on Thursday on concerns that the company would be making fewer car deliveries this year than previously anticipated. John...
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Amazon's On The Box Advertisements: Marketing Gimmick Or Potential Revenue Stream?
Thursday, June 11, 2015 - 4:40pm | 388Amazon.com, Inc. (NASDAQ: AMZN) is trying out a new revenue stream – sending customers their goods in cartons branded by other advertisers. Tony Case, Adweek executive editor, was on CNBC Thursday to weigh in on this new advertising medium being created by Amazon. It’s Just...
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2 Experts Weigh In On May's Auto Sales
Wednesday, June 3, 2015 - 5:04pm | 422Automakers released its U.S. sales reports for the month of May on Tuesday. Kelley Blue Book senior analyst Alec Gutierrez and Autotrader senior analyst Michelle Krebs discussed the figures in a joint conference call on Tuesday. Gutierrez estimated a seasonally adjusted annualized rate of $17.4...
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Check Out 3D Systems' Newest Acquisition
Tuesday, April 7, 2015 - 10:05am | 2713D Systems Corporation (NYSE: DDD) announced on Monday that it acquired Easyway Design and Manufacture Co. in China. According to a press release, Easyway is a 3D printing sales and service provider with operations in Shanghai, Wuxi, Beijing, Guangdong and Chongqing. "The firm brings 3D...
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Bank Of America On 2015 Auto Manufacturers: Keep Those Wheels Turning
Wednesday, February 4, 2015 - 4:28pm | 708In a report published Tuesday, analysts at Bank of America took a look at the U.S. auto manufacturers' industry, which saw January U.S. light vehicle sales rise 9.3 percent year-over-year on a selling-day-adjusted basis, above the firm’s mid-month estimate of +8.0 percent “for a...
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3 Most Potentially Hackable Cars
Monday, August 11, 2014 - 4:35pm | 797If you drive a 2014 Jeep Cherokee, Infiniti Q50 or a 2015 General Motors (NYSE: GM) Cadillac Escalade, you may not be as in control behind the wheel as you think you are. These three automobiles were dubbed “most hackable” by researchers, Charlie Miller and Chris Valasek, in a...
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How Long Can Tesla's Rally Continue?
Friday, June 20, 2014 - 4:50pm | 734With many momentum stocks coming back into favor this week, it will be interesting to see if the moves can continue to see upside. One issue that may have found resistance and may be preparing to reverse course is Tesla (NASDAQ: TSLA). Since beginning the week at $206.42, it sprinted to $235.54...
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Auto Makers Post Mixed February Sales
Monday, March 3, 2014 - 5:33pm | 914In January, harsh weather climates were being blamed for poor auto sales that hammered the Midwest and Northeast regions several times during the month. The auto makers remained optimistic that declining sales are a temporary phenomenon and remained optimistic that consumers will show up to...
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Nissan Aims To Boost U.S. Production And Sales
Friday, February 28, 2014 - 3:32pm | 578Nissan (OTC: NSANY) plans to increase vehicle manufacturing in the United States. The Japanese-based company aims to have 85 percent of all Nissan and Infiniti products that are sold in the U.S. produced in North America by 2015, spokesman Justin Saia told Benzinga. “Nissan continues to see...
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January's Auto Sales Data A Mix Of Good And Bad
Monday, February 3, 2014 - 1:42pm | 763Major manufacturers January U.S. sales data were released on Monday. General Motors: Consensus miss General Motors (NYSE: GM) reported that its U.S. sales fell 12 percent to 171,000 vehicles in January. The consensus estimate was looking for a 2.5 percent falloff. Retail sales fell 10 percent...
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Don't Expect Self-Driving Cars To Arrive By 2020
Thursday, January 2, 2014 - 2:40pm | 444KPMG and the Center for Automotive Research are among those who expect self-driving cars to go on sale by 2019. Nissan hopes to introduce the first self-driving automobile by 2020. That's a lofty goal, but consumers shouldn't expect any automaker to deliver a fully autonomous car within six years...