'UG' not Just Peugeot's Ticker in France, it's an Apt Description of its Car ...
23.05.12
At EUR 23 per share. Full-year 2011 results wereawful, as we had expected, and we do not much care for the company's 2012 prospects, either. Fortunately, our fair value estimate already reflects our assumption that performancewill be abysmal over our five-year explicit forecast period. We disagree with management on some of the necessary actions needed as well as the timing of implementation for an effective turnaround in Peugeot's red-ink-hemorrhaging car assembly operations. Having said this, we think the stock has been unfairly punished in the market. Peugeot's shares carry our 4-star rating but with the stock's sell-off after the release of 2011 results, the rating may rise to 5 stars. At the writing of this note, the stock traded near EUR 14 per share, resulting in our fair value estimate representing stock price appreciation potential in excess of 60%.
Peugeot management set a target to raise EUR 1.5 billion from asset sales in 2012. The company expects to receive EUR 440 million from the disposal of its short-term car rental businesses, another EUR 500 million from the sale of real estate, and to raise capital by selling EUR 560 million in GEFCO equity. GEFCO is Peugeot's logistics business. We applaud management's decision to sell these unneeded assets.
DETROIT -- Just two years after it was rescued and reconstituted through bankruptcy and a government bailout, General Motors Co. cruised through 2011 to post the biggest profit in its history.
The 103-year-old company, leaner and smarter under new management, cut costs by taking advantage of its size around the globe.
The company's performance in North America and Asia helped it earn $7.6 billion for the year. That was 62 percent higher than the $4.7 billion it earned a year ago and nominally more than GM's previous record of $6.7 billion set in 1997.
The numbers were so good that 47,500 blue-collar workers will get profit-sharing checks in March under their new union contract.
Word that workers will be getting profit-sharing checks of as much as $7,000 each was good news for Toledoan Robin Marr, who has worked nearly 30 years at General Motors Co.'s Toledo Transmission plant, also known as GM Toledo Powertrain.
"I could put that to some good use, like pay some bills. And maybe a little shopping, just a little bit," she said with a laugh.
B and B Auto Sales 245 Waterman Ave N Providence, RI 02911 877-248-7230 More information on this vehicle: www.cargigi.com For Sale: 2002 SUBARU ...
genesis auto sales in victoriA texas?
Feb 11, 2010 by CoNfUsD, nEeD sUm HoNeSt AnSwErS | Posted in Insurance & Registration
has any one bought a car from them they say no credit check ... etc is that true they dont have a website so no much info but i will maybe go tomorrow i just wanted to know b 4 if they sell clean TITLE-CARS AND IF THEY SELL HIGH MILEAGE CARS OR WHAT??
PPL THAT HAVE BOUGHT A Car here plz respond!
No credit check places are typically rip off joints who overcharge desperate people for their cars. I would NEVER buy from such a place.
Entidtil | Feb 11, 2010
i doubt you'll find anyone on here thats bought a car from there...kinda random.
If you have questions about the cars, go down there and look. Every car comes w/ an odometer so its no secret how many miles are on the car. As far as the title goes, just make sure its a blue title and doesnt say salvage on it.
If they say no credit check, im sure its true, but they'll need to see proof of income and you will most likely have to pay a bigger down payment and prob. a higher interest rate, but sometimes thats your only option.
good luck!
oxleahxo | Feb 11, 2010
which of these cars is the best deal for the money?
Jan 04, 2010 by Ashley | Posted in Buying & Selling
$1,799
•1 Photo
Used 1997 Pontiac Grand Am GT
•184,120 miles
•Black
"Front Floor Mats/Passenger Vanity Mirror/Aluminum Wheels/Front Disc/Rear Drum Brakes/Cloth Seats/Power Door Locks/A/C/Auto-On Headlights/Fron... View more details
22 miles from ZIP code 46805
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Courtesy Auto Group
1-866-309-3741
•It All Starts With Courtesy!
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CARFAX Report
$1,798
•8 Photos
Used 1998 Ford Windstar GL
•161,647 miles
•Gold
See More Pictures at http://www.kernssuperstore.com Experience The KERNS COMITTMENT Today !!
54 miles from ZIP code 46805
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Kerns Ford Lincoln Mercury and Truck Center
1-866-505-3185
•Our Customers are #1 with us!
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$1,795
•No Photos
Used 2002 Hyundai Accent GL
•140,540 miles
•Retro Red
Front Wheel Drive, Tires - Front All-Season, Tires - Rear All-Season, Compact Spare Tire, Wheel Covers, Steel Wheels, Power Steering, Front Disc/Re... View more details
32 miles from ZIP code 46805
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Lee Kinstle GM Sales and Service
1-866-886-3598
•Lee Kinstle "The BIG ONE"
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CARFAX Report
$1,750
•1 Photo
Used 1996 Cadillac Eldorado ETC
•141,000 miles
•Black
Overall condition VERY GOOD, both inside and out. Recent front & rear brakes, front bearings, exhaust, fuel pump , and tune-up. Financial s... read more
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4 miles from ZIP code 46805
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Private Seller
Email this seller
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$1,700
•3 Photos
Used 1994 Ford Taurus GL Sedan
•139,000 miles
•Gray
1994 Ford Taurus GL 4-Door Sedan.... Good Condition.... 20/29 MPG Sticker.... Inexpensive and Fuel Efficient..... Window Sticker Features ====Fun... View more details
39 miles from ZIP code 46805
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Mark Crist Motorsports
1-866-930-0664
•FRIENDLY AND AFFORDABLE!
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$1,700
•1 Photo
Used 1994 GMC S15 Jimmy 4x4 4 Door
•131,033 miles
•Black
NEED TLC....MAKE OFFER!
40 miles from ZIP code 46805
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Bruce Petro's GM Showplace
1-866-636-6601
•MORE INFO AT PETROSGM.COM
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Record Check
$1,699
•No Photos
Used 1997 Dodge Neon Highline Sport Coupe
•124,144 miles
•Green
Great running car for the money be first!!!
41 miles from ZIP code 46805
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Brunersburg Auto Sales
1-866-528-3458
•SMALL DEALER-SMALLEST PRICES
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$1,695
•No Photos
Used 1992 Ford F250 2WD Regular Cab
•251,910 miles
•Red
Free Nationwide 6 Month / 6,000 A.S.C. Certified Warranty With This Purchase!
1 miles from ZIP code 46805
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Buy Right Auto Sales, Inc.
1-866-912-9861
•Free 6m/6K Mile Warranty!
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Record Check
$1,695
•9 Photos
•1 Video
Used 1995 Oldsmobile Achieva S
•162,225 miles
Vehicle was a local trade, why not keep it in the hometown family? Is there a doctor nearby? Runs so smoothly, you may need to borrow a stethoscope... View more details
44 miles from ZIP code 46805
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Maxton Motors
1-877-518-1477
•Serving the Midwest Since 1927
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Record Check
$1,650
•8 Photos
Used 1989 Dodge Ram 1500 Truck 2WD Regular Cab D-150
•109,000 miles
•Steel Blue
Mechanics Special! 5.2L V8, Auto, P/S, P/B, A/C, Long Bed, local trade-in, driven daily. Good reliable transportation! www.trierauto.com 800-827-51... View more details
19 miles from ZIP code 46805
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Trier Ford Lincoln Mercury
1-866-343-1831
•Small Town Dealer/PRICE$
View our inventory
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$1,650
•3 Photos
Used 1991 Chevrolet G Van G30
•219,944 miles
•Forest Green Metallic
Air Conditioning,Power Steering,Power Brakes,Radial Tires,Gauge Cluster,Tinted Glass,Interval Wipers,Front Bucket Seats,Vinyl Upholstery,AM/FM Ster... View more details
54 miles from ZIP code 46805
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Larry Schaaf Auto Sales
1-866-345-0496
•The place you'll send friends!
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Record Check
$1,595
•9 Photos
Used 1992 Oldsmobile Ninety-Eight Regency
•210,696 miles
•Beige
RUNS GREAT.Looking for a low priced vehicle,this is a sure winner
45 miles from ZIP code 46805
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Delpha Chevrolet Buick Pontiac
1-866-665-4549
•www.delphachevy.com!
See our current offers
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Record Check
$1,539
•1 Photo
Used 1997 Dodge Intrepid
•172,786 miles
•Silver
"Front Wheel Drive/Tires - Front Touring/Tires - Rear Touring/Compact Spare Tire/Wheel Covers/Front Disc/Rear Drum Brakes/Power Steering/Auto-... View more details
5 miles from ZIP code 46805
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Tom Kelley Bui
http://urlhawk.com/csf
- here's a good website to look for real good, affordable and quality vehicles from official government auctions!
I bought my Honda Accord 2005 for just $2250 with a milage of 5,270!
And it's been already a year I'm riding my car and it's still doing well! I've recommended it to my friends and all of them are enjoying their used cars and have no problem with it!
One of my friend was very lucky. He got a tuned sports car for just $970!
ADDED: I just found out that it's been featured in Auto magazine and they received good editorial reviews!
| Jan 05, 2010
None of the above.
Theneelster | Jan 04, 2010
Hyundai hits home run, will other's follow?
Mar 03, 2009 by beavanjb | Posted in Other - Cars & Transportation
U.S. auto sales plunge as recession deepens
DETROIT (Reuters) – U.S. auto sales dropped by more than 40 percent in February to the lowest level in almost three decades as Americans pulled back from taking on more debt in an economy showing signs of spiraling from bad to worse.
The results mark the 15th consecutive monthly drop in auto sales and come as a deepening recession in the United States and slowing global markets push major automakers to ratchet back production and ramp up discounts in a bid to survive.
"In our view, we are in an automotive depression," said Standard & Poor's equity analyst Efraim Levy.
"Shell-shocked consumers fearful for their jobs, the value of their homes and stock market assets are wary of making the sizable discretionary purchases," he said.
General Motors Corp (GM.N), which has been kept afloat with $13.4 billion in U.S. government loans and needs more aid this month, posted a sales decline of 53 percent.
Sales at Ford Motor Co (F.N), now considered the best-positioned of the embattled U.S. automakers, dropped 48 percent.
Japanese automakers fared only slightly better with sales drops of 37 percent at Toyota Motor Corp (7203.T) and Nissan Motor Co (7201.T) and 38 percent at Honda Motor Co. (7267.T)
GM said the industry-wide sales plunge brought February sales to the lowest level for the month since 1967.
Automakers said still-incomplete sales numbers pointed toward overall sales for the month of about 695,000 cars, trucks and SUVs -- or about 9 million units on the annualized basis tracked by industry analysts.
That annualized sales rate would represent the lowest result since about 1982, based on the initial sales data.
"These are obviously unsustainable levels and will cause almost every major automaker across the world to seek government aid," said GM's chief sales analyst Mike DiGiovanni. "Americans are hunkered down."
Toyota, which passed GM as the industry's largest automaker last year, said earlier that it had applied for a Japanese government loan to help its finance arm cut funding costs, showing how the industry's crisis was hitting its best-capitalized player.
U.S. auto sales account for as much as one-fifth of retail sales. The results made it certain the battered sector will be a further drag on a weakening economy in the current quarter.
Ford and GM responded to the weak sales results by dropping planned production for the second quarter. GM cut its quarterly production plan by 34 percent.
Ford said it would cut quarterly production by an even deeper 38 percent, saying it would take a hit by losing revenue in order to keep inventories in check.
HOPES FOR SECOND-HALF TURNAROUND FADING
The No. 2 U.S. automaker has held out hope that sales and the U.S. economy could begin to recover by the second half of the year. It said on Tuesday, however, that nothing in the grim February results supported that view.
"It may be that this month represents the bottom but there is no economic anchor to allow us to make that call definitively," said Ford economist Emily Kolinksi Morris.
S&P's Levy said he did not see an uptick in U.S. vehicle demand until the fourth quarter at the earliest.
Meanwhile, there were some worrying signs that retail sales in February had dropped from the already-weak levels of the past four months.
GM and Ford estimated sales of cars and trucks through showrooms to individual car shoppers dropped to an annualized rate of 7 million to 7.5 million in February, down from a rate of more than 8 million in recent months.
That contraction came despite steeper discounts on offer. Industry-tracking firm Edmunds.com estimated that incentives, including rebates and low-cost financing, rose 16 percent from a year earlier to an average of just over $2,900 per vehicle.
Chrysler LLC, which has been hardest hit in the downturn and kept afloat by $4 billion in government aid, led the way on incentives, according to Edmunds.
Chrysler spent more than $6,000 per vehicle on incentives in February, followed by nearly $5,700 at its Dodge brand, Edmunds said.
Korea's Hyundai Motor Co (005380.KS) outperformed again in a collapsing market. Its sales were down only 1.5 percent.
Hyundai has been buoyed by a highly-touted promotion that allows Americans to return new cars if they lose their jobs.
So, considering Hyundai's success in January/February with this marketing strategy, don't you think its about time other manufacturers implement a similar plan? Of course not everybody can sell the same # of cars as previous year, but better then losing 40% of your business each month.
I'll let you know after I have read the 'fine print' because you can be assured that there is an escape clause for Hyundai in there somewhere.
LIKE: sure they will take the car back; but only if you paid cash for it or you load it up with $4000.00 worth of accessories. Or they sign you into a lease with a huge down payment. And what is your bank loan officer going to have to say about this? Is Hyundai going to pay off the balance of your bank loan too?
Let's get real here; Hyundai is a car manufacturer and they are not going to do anything for you unless the balance sheet is weighted in their favour. That just how these people do business. American, Japanese, German or Korean; they are all the same.
Rapid Fire | Mar 03, 2009
No one knows, no one cares. Hyundai builds junk and the people who buy based on this promotion are not very bright, in my opinion.
Paul | Mar 03, 2009
YOU FORGET THAT HYUNDAI IS A SMALLER COMPANY. BECAUSE OF THAT THEY MAKE MOSTLY SMALLER CARS THAT GET BETTER MPG AND ARE SELLING BETTER RIGHT NOW. WHILE I DO THINK THAT THIS IS A GOOD MARKETING TRICK I DON'T THINK IT IS A THE MAIN RESION THAT THEY DID BETTER. INSTEAD I THINK ITS MORE OF A COMBINATION OF THINGS.
patp | Mar 03, 2009
Well, based on the results it seems like the marketing strategy works. Yes, Hyundai doesn't sell as many as GM, but they don't sell as few as Volvo either, they are currently ranked behind Nissan at about 600,000 sales per year in the US. If every car company offered this plan then nobody would benefit except the consumer because there is still a tight credit market and with the economy being so negative people are scared to buy a new vehicle. However, a strategy like this could definitely be a great asset to a company like Mazda or Nissan. The big 3 can't afford to do this since they are giving cars away with huge discounts.
aj20031018 | Mar 03, 2009
Hyundai will never hit a home run,I was once a owner and never again yes they have been improved,this is a bad time for all motor car's, but there sale has always been down,and there are some motor vehicle's are not effected by the collapsing market.but this should be a wake up call to let you know to buy one vehicle and get the others one free, that the motor's corporation has been charging too much and taking too much of a profit to feel the shoes on the other feet is kind of tight for those who are in deep water,trying to swim out.
kagh56 | Mar 04, 2009
Yes, they did hit a home run, and yes, they mean what they say about taking the car back. It's a good deal, and probably is one reason why Hyundai's sales aren't dropping. A more important reason is that they make very good cars at very good prices, as Consumer Reports shows, recommending most of their models but few from the "Big Three".
Too bad they haven't been able to totally live down their poor start of 15 years ago, but as the sales figures show, more and more people are catching on.
I don't know if other companies will follow suit or not. It will be interesting to watch and see.
Husker41 | Mar 04, 2009
excellent question my friend hyundai did hit s home run, i
do not expect any other automaker to do the same.
Jerry S | Mar 04, 2009
Multiple choice..?
Apr 14, 2008 by ese_cuzz | Posted in Insurance & Registration
On May 1, A-Plus Auto Sales agrees to sell a car to Bob. Five days later, Bob cancels the contract. A-Plus is entitled to
a) force Bob to take the car.
b) recover any resulting damages from Bob but not resell the car.
c) resell the car and recover any resulting damages from Bob.
d) resell the car but not recover any damages from Bob.
C.
Dog who scratches nose. | Apr 14, 2008
I need a SUV= 99-02 Explorer or Durango? Had XLT but like the room in Dodge. Any used car dealers help w/QUOTE?
Nov 12, 2008 by ripken_hof | Posted in Buying & Selling
Looking at a Durango '02 SXT 75k miles for 7499,also an Explorer '99 E.B. 78k miles= 6995..both still high in price. I am in Md, looking for Dealers to tell me prices,,I know they mark them up and I will give them a sale,BUT , don't want to get RIPPED on prices, looked up KBB / NADA.PLUS, auto sales r down 35% so far this year,should help me negotiate ALSO, whats a better SUV? Please no pers. opions.JUST facts
Dodge durangos are notorious for having rear end problems at about the 90-100k mark. Dont get either without at least a 30 day warranty.
(IIL) is a multiproduct engineering company currently engaged in the manufacturing and sale of precision steel tubes, tubular components, auto components, machined components and other steel products. It caters to diversified
New York Times (blog)About 40 percent of Mercedes-Benz's sales in China now comprise A-Class, B-Class, C-Class, GLK and smart models - a lineup Maier called the "young Mercedes-Benz cars." "There is a huge opportunity for us to go to the smaller segments," he said. Fujian Daimler Automotive launches Viano & new Vito van for China marketall 112 news articles »
Despite higher sales and mostly positive forecasts for recovery, automaker and supplier executives are still unsure of the US auto industry's stability, a recent online survey conducted by Booz & Co. found. Two-thirds of respondents said restructuring and more »
CBS NewsChina's FAW to invest US$1.5b in green vehiclesFAW made the announcement at the Shanghai auto show, which opened to the media on Tuesday with carmakers from around the world showcasing a range of new models in the hope of finding Chinese buyers. FAW, China's second-largest automaker by sales after Show on the road to a greener futureall 722 news articles »
New York Times (blog)About 40 percent of Mercedes-Benz's sales in China now comprise A-Class, B-Class, C-Class, GLK and smart models - a lineup Maier called the "young Mercedes-Benz cars." "There is a huge opportunity for us to go to the smaller segments," he said. Fujian Daimler Automotive launches Viano & new Vito van for China marketall 112 news articles »
CBS NewsChina's FAW to invest US$1.5b in green vehiclesFAW made the announcement at the Shanghai auto show, which opened to the media on Tuesday with carmakers from around the world showcasing a range of new models in the hope of finding Chinese buyers. FAW, China's second-largest automaker by sales after Show on the road to a greener futureall 722 news articles »
