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May 23


Investing in Autos and NYC picks Nissan minivan for its cab fleet PDF Print E-mail
More on CNBC Nissan Wins NYC…Factory Orders…America's Most… Investing in Autos 1 hour ago - CNBC 3:34 | 57 viewsA strong buy opinion on General Motors and a buy opinion on Ford, as well as the reasons why, with Efraim Levy, equity analyst, Standard & Poor's, and David Whiston, Morningstar.A strong buy opinion on General Motors and a buy opinion on Ford, as well as the reasons why, with Efraim Levy, equity analyst, Standard & Poor's, and David Whiston, Morningstar.Former PA Gov. Ed Rendell (D) and former Sen. Judd Gregg (R-N.H.) discuss the killing of Osama Bin Laden and whether it's going to have an impact on bipartisanship in the Congress.Boris Schlossberg, GFT Forex, and Axel Merk, Merk Hard Currency Fund, discuss whether anything can save the dollar from its current decline. With CNBC's Rick Santelli. [Read the full article]



Ford(F) said April sales rose 16.4%, as sales of Ford-brand cars surged by 45% and sales in small-car, import-crazed California rose 34%. California had the largest increase among states in retail sales for the Ford brand, the company said, as the new Fiesta, Focus and Explorer are drawing new customers. In 2010, all five of the top-selling vehicles in California were imports. Nationally, the new Fiesta sold 9,147 units, over 9,000 for the second month in a row; Crown Victoria sales rose 115% to 6,586 units, and the Fusion (pictured above) led all Ford products as sales rose 11.7% to 21,189, an April sales record for the model. Also, Focus sales rose 22% to 17,265. Meanwhile, sales of Ford trucks rose 11.5%. Utility sales rose 11%, while total car sales including Lincoln rose 26%. Explorer sales rose 138% to 12,593. Ford's April sales totaled 189,778. [Read the full article]

UBS analyst Colin Langan wrote that General Motors (GM) should coast past its competitors as they struggle with supply shortages following the earthquake in Japan. Langan upgraded the shares to Buy from Neutral, calling the Japan quake “the catalyst we've been looking for to carry GM through its weak launch period.” Every major automaker has had to slow production somewhat as a result of supply shortages, but the Japanese companies have suffered much more severe slowdowns. General Motors could gain as much as 110 basis points of additional share this year, boosting its EBIT by $1 billion and EPS by 60 cents per share. “Although auto sales continue to recover, GM's share price has lingered below the IPO offer price of $33. In addition, bondholders received 75% of their GM shares and warrants on April 21 — implying most of the warrant overhang is addressed,” he wrote. [Read the full article]
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