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Cango Jumps On China Car Export Bandwagon With Focus On Used Vehicles
Thursday, September 5, 2024 - 11:25am | 1340Read More...Key Takeaways: Cango’s used car exporting platform has listed more than 60,000 car models and signed up more than 20,000 registered users since its launch in March The company is shifting gears from direct car trading to an asset-light model of providing related services to reduce its...
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Carriers Confront GM Shutdown
Friday, December 14, 2018 - 5:02pm | 1422Read More...The General Motors (NYSE: GM) announcement made on November 26 to shut down five auto-assembly plants has broadly affected the market to support auto-manufacturing. Many carriers in the Michigan, Ohio, and Ontario regions have concentrated their freight services in auto-part transport. This has...
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Electric Vehicles Will Hit 50% Market 'Inflection Point' By 2040
Tuesday, March 22, 2016 - 9:37am | 317Read More...In the firm’s new EV Inflection Tracker report, Lux Research analyst Cosmin Laslau presented his annual report card of the auto industry’s transition to electric vehicles (EV). According to Laslau, the industry has a long way to go before the majority of new automobile sales are EVs....
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Sterne Agee: 2014 U.S. Light Vehicle Sales Likely Best Year Since 2006
Friday, January 2, 2015 - 11:40am | 161Read More...Michael Ward of Sterne Agee commented in a note on Friday that U.S. light vehicle sales for December are expected to maintain an industry wide Seasonally Adjusted Annual Rate (SAAR) of 16.8 million units. Ward expects 1.5 million light vehicles were sold in December, representing an 11 percent year...
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Morgan Stanley: General Motors Is Due For A 'Mean Reversion'
Friday, January 2, 2015 - 9:07am | 84Read More...Adam Jonas of Morgan Stanley stated in a note on Friday that General Motors Company (NYSE: GM) is due for a “mean-reversion” as a result of the company's “very strong” fourth quarter North American results and an upbeat 2015 outlook. Jonas notes that shares can hit the $40 mark in the first quarter...
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Meet The Latest Detroit Investors: The Chinese
Thursday, July 25, 2013 - 5:25pm | 572Read More...Bankruptcy? Crumbling buildings? Runaway pension obligations? That hasn't stopped the Chinese from investing in Detroit. Quartz reported Thursday that the Chinese are flocking to the Detroit real estate market, buying any and everything they can get their hands on. It is such capital inflows...
