logo
  Join        Login             Stock Quote

The Incredible Resurrection Of The US Car Maker

 January 16, 2013 05:02 PM
 


The North American International Auto Show kicked off on Jan. 14 amid one of the best economic climates the industry has enjoyed since the 2008 financial crisis. General Motors (GM) and Chrysler, both of which received government bailouts, are now profitable and expanding.

And the outlook for the industry in 2013 seems promising - that is, if Washington doesn't drive the country into a ditch with a debt default-driven downturn. Here are five takeaways from the auto show so far:

[Related -United States Steel Corporation (X): Small Insider Buy, Big Rewards?]

1)  When the final sales numbers are tallied, 2012 U.S. auto sales are expected to have hit 14.5 million units, the besting showing in five years. In 2013, sales are expected to top 15 million, thanks to an improving economy, low interest rates and less stringent credit score restrictions on car loans by banks.

2)  Though US car companies are thriving again, Toyota (TM) recaptured the global sales crown in 2012. And, as Bloomberg reported at the auto show in Detroit, Toyota's US sales chief predicted that the Camry, the best-selling car in the U.S. for 11 straight years, will keep its lead in 2013 over competing midsize sedans from Honda Motor Co. (7267) and Ford Motor Co. (F).

[Related -Toyota Motor Corp (ADR) (TM): This 'Hated' Auto Stock Could Double -- Here's Why]

3)  GM sees a modest improvement in profitability in 2013 as it overhauls about 70% of its product portfolio in the next couple of years, notes the Detroit Free Press. Among the new or upgraded products: the Chevrolet Silverado, the GMC Sierra pickup trucks, the Chevrolet Impala sedan and the Buick Encore crossover.

GM data by YCharts

4)  Chrysler and its majority owner Fiat (FIATY) plan to make Jeep SUVs in China for sale in that market together with Guangzhou Automobile Group. Sergio Marchionne, CEO of Chrysler and Fiat, aims to expand the Jeep brand in China, Russia and Italy.

5)  Finally, what's an auto show without a lineup of dazzling concept cars? Check out this list of new cars under development compiled by the Associated Press. GM is working on an electric version of its luxury Cadillac brand, while Ford is developing a new F-Series pickup truck called the Atlas.

Photo: NAIAS

The post The incredible resurrection of the US car maker appeared first on Smarter Investing.

iOnTheMarket Premium
Advertisement

Advertisement


(1)
 
5/20/2013 7:02:16 AM
by Raw Tucker
The USA car makers mostly famous for their technologies and inventions in the automotive industries. All the automobile companies or car makers are quite popular in the North-America and also all over the world. The Auto shows of Detroit and the North-American auto show really very popular.
Rating: (0) (0)
Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChipotle Mexican Grill, Inc. (CMG) Q2 Earnings Preview: Will Higher Traffic Offset Higher Costs the Key

Chipotle Mexican Grill, Inc. (NYSE:CMG) will host a conference call to discuss second quarter 2014 read on...

article imageNetflix, Inc. (NFLX) Q2 Earnings Preview: The Ruby Month for a Reason

Netflix, Inc. (NASDAQ:NFLX) will post its second-quarter 2014 financial results and business outlook on its read on...

article imageLadenburg Thalmann Financial Services (NYSEMKT:LTS): Heavy, Durable Insider Buying

Ahh, but any worries over price levels didn’t stop multiple insiders at Ladenburg Thalmann Financial read on...

article imageInternational Business Machines Corp. (IBM) Q2 Earnings Preview: Small Beat and Pop

International Business Machines Corp. (NYSE:IBM) will host a conference call Wednesday, Jul. 16, 2014 at read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.