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Ford: We make money even if U.S. auto sales fall 30%
2016-03-23 08:53:38| Auto Dealers - Topix.net
Ford Motor Co., responding to investor fears that the U.S. auto market is peaking, told analysts it could still earn a profit even if the industry's sales plunged 30 percent in one year. Investors traded down Ford shares 3.1 percent this year through yesterday on concern that the U.S. auto expansion has peaked and earnings will be pressured.
Govt expects 3.8% rise in 2016 auto, parts exports
2016-03-23 07:19:38| Auto Parts - Topix.net
THE Department of International Trade Promotion expects the value of automobile and auto-parts exports to increase by 3.8 per cent this year to US$32.56 billion . The department is collaborating with the auto-parts industry to organise the "Thailand Auto Parts & Accessories" trade fair .
Oppenheimer Sees 'Bright Spot' Emerging In Auto Parts Retailers
2016-03-22 19:42:11| Auto Parts - Topix.net
Oppenheimer raised its rating on O'Reilly Automotive Inc to Outperform from Perform and raised the price target of AutoZone, Inc. shares by $100 to $900, saying that it sees the auto parts retail space represents a clear "bright spot" in the current environment. According to Oppenheimer, key factors helping the sector include: a) higher miles driven; b) a still aging US auto fleet; and c) improving prospects for lower-income consumers.
Auto industry turns to 'bug bounties' to find security holes
2016-03-22 17:15:59| Automakers - Topix.net
"Bug bounty" reward programs, for hackers to responsibly identify and help correct automotive software weaknesses, may be on their way for the top automakers, much as they have been adopted already in other industries. General Motors has had an internal "Collaborative Disclosures" program running since January to interact with software researchers, or "white hat" hackers, and could soon expand the program to offer financial rewards or incentives for finding vulnerabilities before they create problems.
Tags: find
auto
security
industry
Winter auto sales continue to shine: January carries flat February to 5.8% year-to-date gain
2016-03-22 00:40:59| Auto Dealers - Topix.net
The county sold more new cars than 25 states. The dealerships generated $730 million in sales tax, $91 million of which went to Orange County cities.
Tags: february
january
auto
sales
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