• All
  • Company Report

Volkswagen AG (VLKAF) – As pandemic woes eases, and a push into EV, pave a better path

Volkswagen pushes EV sales via online, after the shutdown of dealer showrooms and shift in consumer preferences for online shopping, many European automakers are rolling out internet based sales channels. It expects to release 75 battery powered models in the next 10 years, all expected to be available online as well as through traditional dealers. […]

Daimler AG (DDAIF – Q3FY20) – Unit sales recover Q/Q, stronger Q4 results expected.

Daimler is extending its alliance with the Chinese battery maker CATL to deliver battery packs capable of giving Mercedes-Benz cars 700 kilometers of range at higher recharging speeds. The luxury carmaker aims to boost the production of its electric and hybrid vehicles. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet – […]

Tesla Inc (TSLA – Q3FY20) – 5th consecutive profitable quarter, opening the door to another shot at S&P 500 Index inclusion.

Automotive leasing revenues for Q3FY20 was $265mn,due to an increase in cumulative vehicles under our direct vehicle leasing program, due to an increase in cumulative vehicles under the direct vehicle leasing program and an increase in the number of vehicles under leasing programs where counterparty has retained ownership of the vehicle during or at the […]

Navistar Inc. (NAV – Q3FY20) – TRATON closes on acquiring Navistar.

Navistar and TuSimple have agreed on a partnership as they both aim to develop SAE Level 4 self-driving trucks, whose production is targeted to start in 2024. Navistar has also taken a minority stake in TuSimple. The partnership will strengthen the two-year relationship of the firms. Executive Summary Financial Statements – Income Statement and Forecast […]

Toyota Motor Corporation (TM – Q1FY21) – Total vehicle sales halves in Q1FY20; profits fall 76%.

The Japanese auto giant Toyota is confident of reaching total annual global sales of electrified vehicles of 5.5 million units by 2025, five years than initially planned a senior company executive said at an industry conference. Toyota had announced a plan in 2017 to sell 5.5 million electrified vehicles, including 4.5 million of hybrid and […]

Ferrari N.V. (RACE – Q2FY20) – Unit sales plunge 48% in Q2FY20 driven by pandemic crisis.

Ferrari has signed the two agreements that will govern the Scuderia’s participation in the FIA Formula One World Championship over the five years from 2021 to 2025. The commercial aspects are defined in the agreement between Scuderia Ferrari and Formula One. Executive Summary Financial Statements – Income Statement and Forecast – Balance Sheet – Cash […]

Volkswagen AG (VLKAF – Q2FY20) – Plans to raise green bonds to support its EV projects.

After the shutdown of dealer showrooms and shift in consumer preferences for online shopping, many European automakers are rolling out internet-based sales channels. Volkswagen will start selling its flagship ID.3 electric car starting in September. It expects to release 75 battery-powered models in the next 10 years, all expected to be available online as well as […]

Tesla Inc (TSLA – Q2FY20) – Update: 5-to-1 stock split; records strong quarter despite C-19; deliveries up 2.5% Q/Q.

TSLA has also started the production and deliveries of Model Y. With the current production capacity of more than 500,000 units per year, the company aims to deliver half a million vehicles in FY20. In co-operation with California electric utility Pacific Gas and Electric Company, Tesla will build a 182.5 megawatt (MW) lithium-ion battery energy […]

Daimler AG (DDAIF – Q2FY20) – Unit sales fall 34% in Q2FY20 amid coronavirus outbreak.

IBM and Daimler have expanded their partnership host the latter’s global after-sales portal on the IBM public cloud. As per the agreement, Daimler will integrate IBM’s platform, which is based on the IBM Cloud Kubernetes Service. This will enable the company to increase agility and scale operations as per the needs of the business. It […]

Tesla Inc (TSLA – Q2FY20) – Tesla records strong quarter despite C-19; deliveries up 2.5% Q/Q.

Panasonic Corp. aims at increasing the energy density of “2170” battery cells by 20% in the next five years. It also aims at commercializing a cobalt-free version in a couple of years. Panasonic supplies the “2170” lithium-ion cells for Tesla, which was deployed in Model 3 in 2017. The U.S EV maker has been striving […]

Navistar Inc. (NAV – Q2FY20) – NAV invests more than $250mn to boost its Class 6-8 vehicles production.

NAV has invested more than $250mn in its new 900,000- square-foot San Antonio plant, which will have the capacity to produce Class 6-8 vehicles. Vehicle production at the facility is scheduled to begin early 2022, bringing more than 600 jobs to the San Antonio area. Executive Summary Financial Statements – Income Statement and Forecast – […]

Toyota Motor Corporation (TM – Q4FY20 and FY20) – Expect operating income to fall by 80% in FY21 due to pandemic crisis.

TM and five Chinese OEMs have signed a jointventure (JV) agreement forming United Fuel Cell System R&D (Beijing) Co., Ltd. (FCRD). The JV is aimed at supplying fuel-cell systems for commercial vehicles manufactured by Toyota in China.The overall investment amount is estimated to be ¥5.02bn ($46mn). The company is expected to hold a 65% share […]

Volkswagen AG (VLKAF – Q1FY20) – Company plans to launch EV amid COVID-19.

Ford and Volkswagen plans to collaborate to make up to 8mn commercial vehicles as part of an alliance announced in 2019. Production of the jointly developed vehicles is expected to begin in 2022. The companies also confirmed that they will produce a new Ford electric vehicle for Europe, which will be based on Volkswagen Modular […]

Daimler AG (DDAIF – Q1FY20) – Unit sales decline slightly Y/Y; will add Hybrids and EVs across its product portfolio.

Daimler plans to invest in Farasis Energy’s planned $480mn IPO, as the company aims to ensure a stable and increased supply of batteries from the Chinese firm following its plans to ramps up electric vehicle production in 2021. The size of the potential investment was not immediately clear. The two firms signed a deal last […]

Ferrari N.V. (RACE – Q1FY20) – Ferrari reduces FY20 guidance in light of COVID-19.

Ferrari is yet to bring four models to market that were launched in 2019. Due to the lockdown, the sales were delayed and the company expects to ramp up the production in 2HFY20. The four deliveries of the F8 Spider will commence in Q2FY20. The 812 GTS will follow at the end of Q2FY20. The […]

Tesla Inc (TSLA – Q1FY20) – TSLA delivers its first Model Y in Q1FY20; Ramps-up production at Fremont Gigafactory.

Tesla has enabled stop sign and traffic light recognition and breaking for its Early Access Program users at the end of Q1FY20 and to the wider public in April 2020. Megapack, a battery pack of up to 3 MWh that is preassembled at Gigafactory, Nevada as a single unit, is gaining traction. Currently, the demand for […]

Navistar Inc. (NAV – Q1FY20) – NAV suspends production amid coronavirus outbreak: pulls FY20 guidance.

NAV announced that it has received an unsolicited proposal from Volkswagen AG’s subsidiary, TRATON SE, to buy the rest of Navistar in a $29bn or $35 per share bid to forge a significant share of the U.S. heavy-truck market. In Sep 2016, Volkswagen had bought a 16.6% stake in Navistar, which has since risen to […]

Toyota Motor Corporation (TM – Q3FY20) – Q4FY20 unit sales to be down due to the COVID 19 outbreak.

Toyota and Panasonic have agreed to set up a joint venture to develop electric vehicle (EV) batteries from April 2020. The new company, called Prime Planet Energy and Solutions, will develop prismatic – or square-shaped – batteries that will be made available to any automaker. Executive Summary  Financial Statements – Income Statement and Forecast – […]

Volkswagen AG (VLKAF – Q4FY19 and FY19) – Company pushes expansion of its EV plans by early FY21.

British utility Centrica has agreed a three-year partnership with Volkswagen to provide home-charging hardware for new electric vehicle owners. The deal will see Elli, the main provider of charging hardware and services for Volkswagen Group, work with Centrica’s British Gas to deliver a package of home-charging installations, after-sales services and electrical upgrades across Britain.  Executive Summary […]

Ferrari N.V. (RACE – Q4FY19 & FY19) – Provides cautious outlook for FY20 due to a weak demand in Asian market.

Ferrari has become the latest car manufacturer to join the European carmakers’ association (ACEA). ACEA represents manufacturers of passenger cars, vans, trucks, and buses with production sites in the European Union and provides benchmark data on vehicle registrations. Ferrari’s membership took effect on Jan. 1, 2020, following the approval at the end of 2019, by […]

Tesla Inc (TSLA) – We expect TSLA to deliver ~87,000 to 88,000 vehicles in Q2FY19

TSLA had been expanding the Model 3 footprint, globally. The company expects the market share to increase in Europe more than the U.S. TSLA has also been increasing the production capacity at its Gigafactory in Shanghai. TSLA spent nearly $600mn in Q1FY19 for the Model 3 expansion. Demand continues to surge for its entry model […]