Morgan Stanley has raised the price target for Tesla Motors stock to 465.00 from 280.00.They believe Tesla may triple its revenue by 2029.*
I think that Morgan Stanley,did you need to be that excessive?asked CNBC host and master investor Jim Cramer.It's cynical to use these price targets,telling the shorts they need to cover like that.
The Empire State manufacturing report-it's terrible,Cramer noted.The factories are doing not that well.*
Meanwhile,Toyota Motors is taking a hit from the chemical blast tragedy in Tianjin,China,which killed at least 117 and injured untold others,including 50 Toyota workers.Three of Toyota's production lines will be idled through at least 19 August because of the Tianjin evacuation.
Tianjin is the company's biggest production hub in China,and more than a three-day delay could have a material affect on the business.*
Canadian Brooke Henderson,17,won her first LPGA tournament at the Cambia Portland Classic in Oregon Sunday.She mastered the Columbia Edgewater Country Club course with an eight-stroke victory,providing relief to fans disappointed by Canadian golfers' scarce wins in recent years.*
Tesla Motors (TSLA),Toyota Motors (TM)
Showing posts with label Toyota Motors. Show all posts
Showing posts with label Toyota Motors. Show all posts
Monday, August 17, 2015
Monday, August 5, 2013
Asia This Day:China,Sri Lanka,Australia
Overall,there is still some risk appetite across the world,said David Gaud,Senior Portfolio Manager at Edmond de Rothschild Asset Management.Europe could become a second growth driver,probably going from -0.6% growth to 2%.That would help China.China is extremely cheap currently.The earnings growth has been revised up from 8-9% to 12-13%.There is a real case for investing in China by the end of this year.*Sri Lanka is opening a 500 million dollar container terminal built by China at Port Colombo today,It is the largest investment ever in the country's harbours.*China's official July Services PMI was at 54.1,up from 53.9 in June,and above the estimate.A reading above 50 signifies growth.The services sector represents 45% of Chinese GDP.*Australia's election is to be held September 7.Polls have the Labour government slightly behind the opposition coalition,although Labour leader Kevin Rudd is preferred as Prime Minister over opposition leader Tony Abbott.*Toyota Motors will return 30% of its 37 billion dollar cash hoard to shareholders in the form of dividends.It will also increase R&D and CapEx spending,heeding the call of Prime Minister Shinzo Abe.*Beijing is planning to raze a village just outside the capital in order to build a new airport.*The Edmond de Rothschild Group offers private banking;asset management;private equity;institutional and fund services;and corporate finance advisory services from its offices worldwide.The group draws on the heritage of its founding family,bankers to royal houses,who "walked with kings,while never losing the common touch,"as the saying goes.*Toyota Motor Corporation(TM)
Monday, November 12, 2012
Asia This Day:Fiscal Cliff Troubles Australia;Tokyo Nuclear Protest
Tens of thousands clogged Tokyo Monday as they protested Japan's restarting of reactors in the wake of 2011's tsunami and nuclear disaster.Two of the country's fifty reactors are back on line at the Ohi plant.
Japan's GDP came in lower than expected at -3.5 versus the -3.4 estimate,on falling exports to a slowing China and Chinese protests against Japan's territorial claims.Consumer spending has also dropped,further shrinking the Japanese economy.The Nikkei was down 61.04 after the lunch break Monday.
The MSCI Asia Pacific index fell 0.30% in early Monday trading,while India's Nifty Fifty and Sensex indexes rose about 0.20%.A big wireless spectrum auction is being conducted by the Indian government.
Toyota Motors will be doubling its capacity in Indonesia,building a new engine plant there.
Australian treasurer Wayne Swan has been warning about the results of the fiscal cliff,a combination of US tax increases and spending cuts of some 800 billion dollars that will apply on January 1.Without action by Congress,there would be a severe blow to the fragile global economy.The world can't afford the continuation of this gridlock in Washington.Mr.Swan has met with US Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke to express his concern.
Gold is at a near three-week high on the fiscal cliff worry.
China's trade surplus came in at 32 billion dollars in October,a rise of 11.6%.Copper imports were down to their lowest level in 15 months,dropping 18%.Australian mining shares have declined because of the Chinese slowdown.
Japan's GDP came in lower than expected at -3.5 versus the -3.4 estimate,on falling exports to a slowing China and Chinese protests against Japan's territorial claims.Consumer spending has also dropped,further shrinking the Japanese economy.The Nikkei was down 61.04 after the lunch break Monday.
The MSCI Asia Pacific index fell 0.30% in early Monday trading,while India's Nifty Fifty and Sensex indexes rose about 0.20%.A big wireless spectrum auction is being conducted by the Indian government.
Toyota Motors will be doubling its capacity in Indonesia,building a new engine plant there.
Australian treasurer Wayne Swan has been warning about the results of the fiscal cliff,a combination of US tax increases and spending cuts of some 800 billion dollars that will apply on January 1.Without action by Congress,there would be a severe blow to the fragile global economy.The world can't afford the continuation of this gridlock in Washington.Mr.Swan has met with US Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke to express his concern.
Gold is at a near three-week high on the fiscal cliff worry.
China's trade surplus came in at 32 billion dollars in October,a rise of 11.6%.Copper imports were down to their lowest level in 15 months,dropping 18%.Australian mining shares have declined because of the Chinese slowdown.
Monday, February 20, 2012
With Big Profit,GM Back On Top
General Motors came back last year to achieve the most profitable year in its history,earning a record profit of 7.6 billion dollars.This put it back in the spot of the world's largest automaker,displacing Toyota Motors.
We're growing profit,but we've got more work to do all across the company to get it to where we want it,said GM Chief Financial Officer Dan Ammann.We've been in a restructuring plan.It made over a billion dollar improvement,but clearly it's not going far enough in this environment.
We're in a discussion with our shareholders and other stakeholders.We had north of 11% return in the pension plan assets,which has helped us a lot.This is a long term game.We've got a lot of actions that won't bear fruit until two or three years out,Mr.Ammann indicated.
The record profit will be shared in the form of 7,000 dollar bonus checks for every GM autoworker.As part of its restructuring plan,GM closed 14 plants and three service parts operations.It had received 49.5 billion in government assistance.For the government to recover this,the GM share price will have to double.
As part of its 2009 bankruptcy,GM had closed more than 1,300 dealerships in the U.S. and Canada,evoking widespread bitter criticism.Thanks to Congressional action,a little more than half of the closed U.S. dealers,or 661,were eventually invited to apply for reinstatement based on their business metrics.
General Motors(GM),Toyota Motors(TM)
We're growing profit,but we've got more work to do all across the company to get it to where we want it,said GM Chief Financial Officer Dan Ammann.We've been in a restructuring plan.It made over a billion dollar improvement,but clearly it's not going far enough in this environment.
We're in a discussion with our shareholders and other stakeholders.We had north of 11% return in the pension plan assets,which has helped us a lot.This is a long term game.We've got a lot of actions that won't bear fruit until two or three years out,Mr.Ammann indicated.
The record profit will be shared in the form of 7,000 dollar bonus checks for every GM autoworker.As part of its restructuring plan,GM closed 14 plants and three service parts operations.It had received 49.5 billion in government assistance.For the government to recover this,the GM share price will have to double.
As part of its 2009 bankruptcy,GM had closed more than 1,300 dealerships in the U.S. and Canada,evoking widespread bitter criticism.Thanks to Congressional action,a little more than half of the closed U.S. dealers,or 661,were eventually invited to apply for reinstatement based on their business metrics.
General Motors(GM),Toyota Motors(TM)
Tuesday, October 16, 2007
Ford Gets In Sync
Ford Motor Company(F) is expanding in Southeast Asia.It is building a plant in Thailand with its Mazda affiliate.The factory will produce 100,000 small cars a year.The 2008 Ford Focus,the automaker's smallest car,has received good marks for being predictable and steady on the road,with more comfortable front seats and a 3% more powerful engine than in previous versions.It is perhaps most remarkable for its debut of the Sync voice control system.Designed by Microsoft(MSFT),this voice-activated feature reads text messages to you from Blackberries and other devices while you are driving.The Sync system has received a Breakthrough Award from Popular Mechanics for setting benchmarks in design,creativity and engineering.Talks between Ford and the United Auto Workers union are in high gear,now that the UAW has reached agreements with General Motors and Chrysler.Because Ford carries a lot of debt and isn't as far along in its restructuring as GM and Chrysler,talks could be more difficult.As well,CEO Alan Mulally has a reputation for toughness,having endured a 28 day strike while he was working at Boeing(BA).Ford intends to sell its luxury brands in the next two months,and has hired away a marketing executive from Toyota Motors(TM).Having had a big loss in '06 and the worst sales decline among US automakers in '07,the old line company needs every leg up it can lift.Ford shares have been sparked by the UAW accords with the other automakers,while Microsoft shares have been bolstered by its global business and success with electronic games.Both stocks were trading up this morning.
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