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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 […]