Automotive – Cheap Auto Insur Online http://cheapautoinsuronline.com/ Tue, 22 Nov 2022 14:02:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://cheapautoinsuronline.com/wp-content/uploads/2021/06/icon-2.png Automotive – Cheap Auto Insur Online http://cheapautoinsuronline.com/ 32 32 Crisis management is about improving communication and process stability | New https://cheapautoinsuronline.com/crisis-management-is-about-improving-communication-and-process-stability-new/ Tue, 22 Nov 2022 14:02:02 +0000 https://cheapautoinsuronline.com/crisis-management-is-about-improving-communication-and-process-stability-new/ Coming out of the global coronavirus pandemic has not been easy in any country, but as Mexico’s auto sector tries to seize the opportunities of North American trade agreements and legislation, its key players are caught in a fast-paced game of catch-up . At the conference last week, Siegfried Jung, vice president of production control, […]]]>

Coming out of the global coronavirus pandemic has not been easy in any country, but as Mexico’s auto sector tries to seize the opportunities of North American trade agreements and legislation, its key players are caught in a fast-paced game of catch-up .

At the conference last week, Siegfried Jung, vice president of production control, production system and logistics at the BMW Group plant in San Luis Potosi, said the effects of the pandemic were undeniable and continuous.

“We were hit very hard, especially at the start of the year,” he said, identifying one crisis in particular as the defining one for 2022.”[With] the semiconductor situation our prognosis horizon is up to ten days. That’s it.”

Jung said the company was in the same situation as its suppliers, who expected longer forecasts. The information on the offer just isn’t there though.

“Looking forward to next year, we clearly expect this situation to continue in the semiconductor market,” Jung said. “We don’t foresee any easing, especially not in the first half. And with that, we know exactly that our main challenge for next year will be to stay or even become more flexible in terms of demand.

Stability through collaboration
Francisco Bravo Gómez, senior director of supply chain for Audi Mexico, agreed with Jung that the only certainty going forward was instability and that the semiconductor situation was unlikely to improve in the future. short term.

I think [the only stability] is how we handle this crisis because [they] are not going to go away,” Gómez said. “The bumps in the way will keep coming and we don’t even know what’s going to be next.”

He said process stability, greater flexibility and closer collaboration with partners were the way to handle the current semiconductor situation and any future issues facing the industry. “The way we react, the processes we have put in place, is what wins stability across the world,” Gómez concluded.

Fabio Garcia, after-sales service manager for Volkswagen Truck and Bus México, said ensuring maximum uptime was always a challenge. “We have to be very careful with our stock, our parts.”

He said it was important to prioritize parts that warranted fleet maintenance and that meant being proactive in identifying those that were more likely to need replacing based on the age and kilometers traveled by the truck. However, he said the accuracy of this predictive strategy has been affected by the disruption to fleets during the pandemic. Volkswagen has seen truck and bus after-sales services drop by 80% during Covid shutdowns.

Communication and not micromanagement
Garcia said communication with dealers was key in trying to manage the unknowns. It was also key to resolving issues with service providers and suppliers, according to Gómez.

“Communication is the most important topic right now…because our suppliers know their own process, they know what’s going on and if they have a problem,” Gómez said. “As long as we receive the information in time, we have [more chances] react and the range of options available to us is wider.

Gómez acknowledged that greater transparency down to level n is every logistician’s dream, but he said that wish could become a burden. Improved communication should not lead to the need for management by the OEM.

“We don’t want to manage our vendors, or manage our Tier 2 vendors,” he said. “We don’t want to manage service providers. That’s why we have partnerships, because you know your business better than we do.

What the Mexican automotive industry needs is better two-way communication, as well as faster feedback to support more proactive management of whatever happens around the next bend.

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Women Automotive Network brings together the world’s top automotive companies and CEOs for its final event of the year https://cheapautoinsuronline.com/women-automotive-network-brings-together-the-worlds-top-automotive-companies-and-ceos-for-its-final-event-of-the-year/ Sat, 19 Nov 2022 16:18:00 +0000 https://cheapautoinsuronline.com/women-automotive-network-brings-together-the-worlds-top-automotive-companies-and-ceos-for-its-final-event-of-the-year/ women’s winter motoring event last event of the year Women Automotive Network, a fast-growing platform for automotive diversity and technology discussions, with a rapidly growing community of over 20,000 members LONDON, GREATER LONDON, UK, November 19, 2022 /EINPresswire.com/ — WOMEN’S AUTOMOTIVE NETWORK WINTER MEETUP HIGHLIGHTS 25 Speakers39 countries represented156 networking meetings 440 attendees The Women […]]]>

women’s winter motoring event last event of the year

Women Automotive Network, a fast-growing platform for automotive diversity and technology discussions, with a rapidly growing community of over 20,000 members

LONDON, GREATER LONDON, UK, November 19, 2022 /EINPresswire.com/ — WOMEN’S AUTOMOTIVE NETWORK WINTER MEETUP HIGHLIGHTS

25 Speakers
39 countries represented
156 networking meetings
440 attendees

The Women Automotive Network, a fast-growing platform for automotive diversity and technology discussions, with a rapidly growing community of over 20,000 members across digital, hosted its final event for 2022 – The Women Automotive Winter Meetup. The event, held on November 17, 2022, brought together industry professionals and top automotive brands from 39 countries to share their ideas and experiences with an enthusiastic online audience of 440 people.

The event held ONLINE and in partnership with some of the world’s largest companies focused on driving change. The agenda was filled with networking and discussions, and inspiring women in the automotive industry were celebrated. The event, in keeping with its mandate, also explored how diversity drives innovation, and attendees had the opportunity to connect with new businesses, as well as make personal contacts.

Speaking at the session, Frances Williamson, Head of Stakeholder Engagement, Zenzic said, “Participating in the Women Automotive Winter Meetup has been an enriching experience, a great opportunity to learn from inspiring leaders how they and their businesses are breaking down barriers to allow for a more inclusive approach. , diverse teams to work together to build automotive solutions for future generations. Zenzic is proud to be part of this group and eager to work with others who also have this mission and to learn from them.

Some trending topics discussed were:
• Why is cultural diversity important?
• Digital leadership in a hybrid world
• Automotive Megatrends – The Consumer Perspective
• Driving the future of mobility with a diverse team
• Automotive Girl Power – How to drive change for more women in the automotive industry
• Gender equality is everyone’s responsibility

There were more than 200 renowned companies and 25 speakers. Speakers included Melanie Schuttenberg Vice President of Business Development, Flex, Mai Dang Vu, Director of Technology & Business Development, Flex, Stephanie Buckner, Chief Operating Officer, Altair, Nino Nikolaishvili, Operations Unit Director, Capgemini Engineering, Tomi Isaacs, Senior Director, UK Corporate Engagement, Catalyst Inc, Penny Weatherup, People Director, Volkswagen Group UK, Julie David, Managing Director, Peugeot UK, Hasmeet Kaur, Partner, Roland Berger, among others.

Speaking about the initiative, Penny Weatherup, People Director, Volkswagen Group UK), said: “I loved being part of the Women Automotive Network Winter Summit 2022. The agenda and speakers really demonstrated the levels of diversity and the enormous transformation of the automotive sector. is underway globally. I am proud to be part of it along with many other talented and diverse women.”

The event kicked off with the Automotive Megatrend – “The Consumer Perspective”, where Hasmeet Kaur, Partner, Roland Berger shared with the community how consumer sentiment is shaping up regarding the multiple trends in the automotive industry throughout the value chain. Thereafter, round tables and interactive workshops in small groups were organized, and the participants had the possibility of joining those whom they wished.

Here are some key takeaways from the event:

From Hasmeet Kaur, Partner, Roland & Berger

ELECTRIFICATION AND SUSTAINABILITY – Are you comfortable with battery electric vehicles?

“When monitoring the online readiness of business models in the automotive industry, the first-year tracking indicated high confidence in the industry. But during the actual implementation, companies realized that it was much more complex to go from a physical format to a digital format.

BRAND – Would you buy a car online from a third party, eg Facebook, Google, Amazon, etc. ?

“When it comes to buying cars online from a third party, research shows that trust is still very low, as consumers are skeptical and want an idea of ​​what they are buying.”

Let’s continue to #BreakTheBias and support women in the automobile!
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Are there any plans in place for next year, for the network and the industry? Women Automotive Network released their 2023 program last month, and it’s packed with exciting activities such as the in-person event, the Women’s Automobile Awards Ceremony, live interviews and more. Click here to find everything you need to know about the 2023 calendar

Many businesses and individuals have already found and secured their places in the 2023 calendar. Would you like to be part of this great opportunity and community?
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Mullen Automotive’s ‘Surprisingly Different’ EV Tour Takes Center Stage in Vegas https://cheapautoinsuronline.com/mullen-automotives-surprisingly-different-ev-tour-takes-center-stage-in-vegas/ Wed, 16 Nov 2022 05:55:10 +0000 https://cheapautoinsuronline.com/mullen-automotives-surprisingly-different-ev-tour-takes-center-stage-in-vegas/ LOS ANGELES, CA – (NewMediaWire) – November 16, 2022 – (InvestorBrandNetwork via NewMediaWire) – IBN, a multifaceted financial news, content creation and publishing company, is used by public and private companies to optimize investor awareness and recognition . Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has successfully completed […]]]>

LOS ANGELES, CA – (NewMediaWire) – November 16, 2022 – (InvestorBrandNetwork via NewMediaWire) – IBN, a multifaceted financial news, content creation and publishing company, is used by public and private companies to optimize investor awareness and recognition .

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has successfully completed the third leg of the Mullen FIVE Strikingly Different EV Crossover Tour in Las Vegas, Nevada. According to the announcement, Mullen continues on to Texas, with stops this week in Dallas and Houston. The Mullen FIVE EV on tour is equipped with a fully updated infotainment system that includes PERSONA, Mullen’s proprietary Personal Vehicle Assistant (“PVA”), which uses facial recognition technology to provide every driver a highly individualized experience. “This tour not only allows the public to see what Mullen has to offer and what we have been working on, but also allows us to hear what the public has to say about FIVE,” said David Michery, CEO and President. from Mullen Automotive. “We are collecting customer feedback from all tour participants and will work to incorporate the collected feedback into the Mullen FIVE over the coming months.”

To view the full press release, visit https://ibn.fm/2lVO0

About Mullen Automotive Inc.

Mullen is a Southern California-based automotive company that builds the next generation of premium electric vehicles (“EVs”) that are affordable and built entirely in the United States. With an end-to-end ecosystem that supports owners from test drive to financing and servicing through a unique hybrid dealership model, customers are supported through all aspects of vehicle ownership. an electric vehicle. The Mullen FIVE, the company’s first electric crossover, is scheduled for delivery in 2024 and features an award-winning design and its patented PERSONA technology that uses facial recognition to personalize the driving experience for each individual. To learn more about the company, visit www.MullenUSA.com.

NOTICE TO INVESTORS: The latest news and updates relating to MULN can be found in the company’s newsroom at https://ibn.fm/MULN

About NBI

IBN has introduced over 50 distinct investor-focused brands over the past 15 years and leveraged these unique brands to amass a collective audience of millions of social media followers. In conjunction with over 5,000 syndication partnerships, IBN’s investor-facing brands help meet the diverse demands and needs of our rapidly growing client-partner base. IBN will continue to expand its brand network of highly influential properties, harnessing the energy and experience of our team of dedicated experts to exceed the expectations of each of our client-partners.

Please review the full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever posted or republished: http://IBN.fm/Warning

Business communication

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310.299.1717 Office

Editor@InvestorBrandNetwork.com

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Ranking of the 10 most valuable car brands in 2022 https://cheapautoinsuronline.com/ranking-of-the-10-most-valuable-car-brands-in-2022/ Sat, 12 Nov 2022 15:55:00 +0000 https://cheapautoinsuronline.com/ranking-of-the-10-most-valuable-car-brands-in-2022/ A avoider study by JD Power found that many car buyers are entirely biased against certain car brands, regardless of their quality or reliability. They judge cars based on pre-determined beliefs without personal experience or expert opinions or ratings. The more consumers choose the same brand, the more loyal these automakers are. This loyalty is […]]]>

A avoider study by JD Power found that many car buyers are entirely biased against certain car brands, regardless of their quality or reliability. They judge cars based on pre-determined beliefs without personal experience or expert opinions or ratings. The more consumers choose the same brand, the more loyal these automakers are. This loyalty is something they build over many years, and it translates into sales, and sales turn into profits and thus increase brand value.


Some car brands are more successful than others in the market. Traditional automotive giants have gradually built their reputation and increased their brand value over the decades, while others, like Tesla, have grown rapidly to the top in a relatively short period. Read on to find out if your favorite automaker is among the most valuable brands according to Interbrand’s 2022 Global Brand Rankings.

10/10 Porsche – $13.5 billion

Porsche 911 Speedster front quarter view
By: Porsche

Porsche is a popular German luxury brand and part of the Volkswagen Group. They have built some of the most technologically advanced performance cars with safety in mind. Their definitive model is the two-door, rear-engined 911 that has been in production since 1964 and has been so commercially successful for the brand.

Photo Porsche 911 Speedster front and rear
By: Porsche

Interbrand estimates a brand value of $13.5 billion in 2022. This is a growth of 15% over the previous year. Porsche looks set for the future of electric vehicles with a new range of battery electric vehicles and plug-in hybrids in their stable.

RELATED: These are the cheapest Porsches you can buy right now

9/10 Ford – $14.4 billion

Ford Escape PHEV Avant Vapor Blue
Ford

Henry Ford is one of business’s greatest mavericks, and the company he founded over a century ago is still thriving. According to Interbrand rankings, Ford is among the top ten automotive brands, valued at $14.4 billion.

Ford Escape Front Quarter Rapid Red Driving
Ford

This is a 12% increase in value over last year. With a growing lineup of electrified vehicles, Ford looks set to tap into the new-look market, and they’re already the second best-selling electric vehicle brand in America.

8/10 Volkswagen – $14.819 billion

Volkswagen ID.4 Before 2023
Photo by Jake Stumph

Volkswagen had an uncertain start during the interwar period in Germany, but it became one of the best-selling automakers in the world. They’ve always built cars for people, and the reward has been consistent year-over-year growth in value.

Volkswagen Golf R
volkswagen

It’s one of the few automakers that never went bankrupt, and they’ve absorbed big names in the industry under the VW Group umbrella. In 2022, the Volkswagen brand, less its subsidiaries, is worth $14.8 billion, an increase of 10% from last year.

7/10 Audi – $14.9 billion

Parked red Audi TT RS on track
Audi

Audi is one of dozens of high-performance automakers under the Volkswagen Auto Group, and they do pretty well on their own. Almost all models in the range of the sporty luxury brand deliver solid performance with a class-leading interior accompanied by accomplished rides and dynamic handling.

Audi SQ7 2023
through Audi USA

And it seems that the brand’s loyal customers don’t mind spending a lot of money to buy these cars. In 2022, Audi commands a brand value of 414.9 billion, an increase of 11% compared to last year.

RELATED: Here’s how future Audi electric vehicles will act as air purifiers on the road

6/10 Hyundai – $17.3 billion

Front view of the silver 2021 Hyundai Sonata N Line
by: Hyundai

Hyundai recently launched a charm offensive and doubled down on electrification and smart mobility solutions approaching the new era of mobility. Their efforts to build capacity and add value to their customers have had a positive impact, with a 14% increase in brand value over the past year.

Veloster N Hatch blue on the road
Through Hyundai

According to Interbrand, Hyundai is worth $17.3 billion, ranking it 35th among global business giants. Korean equipment has evolved and its cars match the performance and appearance of its German rivals.

5/10 Honda – $22.8 billion

Honda-Pilot-Interior
Via: Netcarshow

Honda has a unique, multi-layered approach to business that has allowed them to invite creativity to fuel constant innovation, allowing them to consistently launch high quality products with high value to market. Many consumers associate the Japanese brand with nice, fuel-efficient and bulletproof cars.

The 2023 Honda Civic Hatchback on the road.
Via: Honda

Such a reputation is not without its rewards, and it reflects on the Honda brand. In 2022, the value of the Honda brand is $22.8 billion, an increase of 7% over last year.

4/10 BMW – $46.3 billion

BMW iX M60 2023 bonnet logo
Going through: Bradley Hasemeyer

BMW has been on a gradual growth curve since 2009, when its brand value stood at $21.6 billion. More than a decade later, they have more than doubled in value and currently rank fourth among automakers with a valuation of $46.3 billion.

BMW M3 Touring front drive
BMW

This is an 11% growth over the last twelve months, and even if it loses a position, the brand maintains its reputation of a luxury performance car manufacturer of choice for many gearboxes.

RELATED: Attention, Elon: Review of the 2023 BMW iX M60

3/10 Tesla – $48 billion

2022 Tesla Cybertruck All-Electric Pickup Truck
By: Tesla

Tesla is positioning its products and services for a current low-revenue market with imminent growth anticipated. That future is already here with the adoption of electric vehicles. The ever-growing brand is now the third most valuable car brand at the expense of BMW.

Tesla three cars in the mountains
By: Tesla

Over the past twelve months, Tesla brand value increased by 32% at $48 billion. And if there’s any merit to Elon Musk’s opinion, we may soon see it take the top spot as he believes the brand is on track to overtake Apple.

2/10 Mercedes-Benz – $56.1 billion

2024 Mercedes-Benz EQE53 AMG front third quarter view
Mercedes-Benz

Mercedes is not the most valuable car brand, but they are quick to remind car enthusiasts that they are the premier luxury car brand, a gong they have held for seven consecutive years. They also saw their brand value increase by 10% to $56.1 billion.

Mercedes-AMG ONE Yas Marina front quarter view
via Mercedes-AMG

The premium car brand is a pioneer in engineering and mobility technology innovations, and its range of new luxury and performance cars will give consumers food for thought in the market for a new car.

RELATED: Here’s how Mercedes-Benz plans to completely eradicate car accidents

1/10 Toyota – $59.7 billion

2022_Toyota_4Runner_TRD_Pro_Lime_Rush_Feature
Via: Toyota

For another year, Toyota retains the top spot for Most Valuable Automotive Brand. According to Interbrand, the Japanese automaker is worth around $59.7 billion, a 10% increase from last year.

Toyota Highlander Front Quarter Wind Chill Pearl Alternate Angle
Toyota

You’re more likely to spot a Toyota on any global highway than any other brand. And that won’t change anytime soon as the brand takes bullish steps to grow. eco cars, which contributes to the sustainability of the brand.

Sources: interbrand.com, jdpower.com, hotcars.com

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Automotive Wrapping Supplier Expands Upstate Presence with $26 Million Facility and 88 Jobs | Greenville Company https://cheapautoinsuronline.com/automotive-wrapping-supplier-expands-upstate-presence-with-26-million-facility-and-88-jobs-greenville-company/ Wed, 09 Nov 2022 17:30:00 +0000 https://cheapautoinsuronline.com/automotive-wrapping-supplier-expands-upstate-presence-with-26-million-facility-and-88-jobs-greenville-company/ LAURENS COUNTY – A supplier of automotive and industrial shelving products plans to expand its pre-existing presence in South Carolina with a new facility in Laurens County. Motor City Racks, which has another location in Gaffney and is headquartered in Warren, Michigan, announced it will invest $26 million and create 88 new jobs at a […]]]>

LAURENS COUNTY – A supplier of automotive and industrial shelving products plans to expand its pre-existing presence in South Carolina with a new facility in Laurens County.

Motor City Racks, which has another location in Gaffney and is headquartered in Warren, Michigan, announced it will invest $26 million and create 88 new jobs at a plant at 366 Old Airport Rd. in Laurens .

The 20-year-old company manufactures and supplies custom packaging solutions for automotive and agriculture. The company has had a presence in Palmetto State for nine years.

“During our expansion initiatives, we plan to execute efficiently while continuing to leverage our 20 years of experience in custom weld fabrication, our strong ties to the South Carolina automotive industry and our relationship with the South Carolina Department of Commerce,” Motor City Racks Controller said. says Daniel Zavaros.

The Laurens location will contribute additional production due to increased demand, according to a statement from the Upstate SC Alliance.

By January 2023, operations should be online. The company will move into an existing building.

Employment development credits related to this project have been approved by the Coordinating Council for Economic Development. Laurens County also received a Rural Infrastructure Fund grant of $300,000 to help defray building improvement costs.


Greenville development with self-storage units hits the neighborhood again


'Castle on Keowee' sells for $2.59 million in cash after a month on the market

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Follow Stephanie Mirah on Twitter @stephaniemirah

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How to help seniors adapt to car technology – Reading Eagle https://cheapautoinsuronline.com/how-to-help-seniors-adapt-to-car-technology-reading-eagle/ Sun, 06 Nov 2022 09:00:35 +0000 https://cheapautoinsuronline.com/how-to-help-seniors-adapt-to-car-technology-reading-eagle/ Modern automobiles are more technologically advanced than ever. This technology not only makes driving more comfortable and convenient, but also safer. In a recent analysis of motor vehicle crashes, researchers from the International Road Safety Institute found that vehicles equipped with blind spot and lane departure warning systems were involved in 11% fewer crashes side […]]]>

Modern automobiles are more technologically advanced than ever. This technology not only makes driving more comfortable and convenient, but also safer.

In a recent analysis of motor vehicle crashes, researchers from the International Road Safety Institute found that vehicles equipped with blind spot and lane departure warning systems were involved in 11% fewer crashes side and frontal collisions than cars that were not equipped with such systems. Additionally, the IIHS estimates that the number of automobile accidents in the United States could be reduced by 85,000 each year if every vehicle were equipped with a lane departure warning system.

Driver assistance systems have made driving safer for millions of people around the world, but one demographic may need extra help adapting to modern vehicles, and may even need a little extra encouragement to use the technology that can keep them safe behind the wheel. The Centers for Disease Control and Prevention notes that in 2018, the United States was home to 45 million licensed drivers age 65 and older. This represents a 60% increase since 2000.

Although older people’s perceived reluctance or inability to use modern technology is often overstated, some aging drivers may need a little extra help when trying to learn how to use assistive technologies in their vehicles.

• Learn the technology yourself. Not all assistive technologies are the same. Car manufacturers have their own systems and there can be a learning curve when adapting to a new one. If you aspire to teach an older person how to use assistive technologies in their vehicle, learn the technology yourself first. If you and your aging friend or family member both own a Subaru, chances are you already know how to use the technology in your loved one’s vehicle. If you drive cars made by different manufacturers, go to the dealership where your loved one bought their car and ask for a quick tutorial on all of the vehicle’s safety features. The seller demonstrates these features every day, so it shouldn’t take them long to show you the ropes.

• Be patient. Everyone adapts to new technology at their own pace. It’s important to remain patient when teaching aging drivers how to use technology in their vehicles. Old habits die hard, and while some drivers may adapt quickly to technology such as rear-view cameras, others may not be so quick to abandon driving techniques they have been using safely for a long time. decades. Stay the course, be patient, and let senior drivers adjust at their own pace.

• Teach one technology at a time. It can be overwhelming for drivers of all ages to adapt overnight to all the technology in their new vehicles. When teaching senior drivers how to use various driver assistance technologies, take one technology at a time. Coupled with your patience, this approach can help seniors avoid being overwhelmed and increases the likelihood that they will adopt technology in their vehicles.

Many senior drivers use driver assistance technologies on a daily basis. A patient and methodical approach to showing seniors how their vehicles can help them stay safe behind the wheel can be a roadmap for helping seniors adjust to life in modern vehicles.

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Did Group 1 Automotive, Inc. (NYSE:GPI) insiders sell their shares? https://cheapautoinsuronline.com/did-group-1-automotive-inc-nysegpi-insiders-sell-their-shares/ Wed, 02 Nov 2022 10:21:28 +0000 https://cheapautoinsuronline.com/did-group-1-automotive-inc-nysegpi-insiders-sell-their-shares/ Some Group 1 Automotive, Inc. (New York Stock Exchange: GPI) shareholders might be a little concerned that CEO and chief executive Earl Hesterberg recently sold $5.2 million worth of stock at $174 per share. It’s a big divestment, and it reduced the size of their operation by 12%, which is remarkable but not too bad. […]]]>

Some Group 1 Automotive, Inc. (New York Stock Exchange: GPI) shareholders might be a little concerned that CEO and chief executive Earl Hesterberg recently sold $5.2 million worth of stock at $174 per share. It’s a big divestment, and it reduced the size of their operation by 12%, which is remarkable but not too bad.

Our analysis indicates that The GPI is potentially undervalued!

Group 1 Automotive Insider Trading Over the Past Year

Director Lincoln da Cunha Pereira Filho made the biggest insider sale of the past 12 months. This single transaction was for $6.1 million worth of shares at a price of $207 each. While we generally don’t like to see insider selling, it’s more of a concern if the selling takes place at a lower price. The good news is that this major selloff took place well above the current price of US$178. So this may not tell us anything about what insiders think of the current stock price.

Last year, 1 Automotive Group insiders did not buy any shares of the company. You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. If you click on the chart, you can see all individual trades including stock price, individual and date!

NYSE: GPI Insider Trading Volume November 2, 2022

For those who like to find winning investments this free list of growing companies with recent insider buying, might be just the ticket.

Insider ownership

Examining the total insider holdings in a company can help you know if they are well aligned with common shareholders. I think it’s a good sign if insiders have a significant number of shares in the company. Group 1 Automotive insiders own approximately $128 million in stock (or 5.1% of the company). I like to see this level of insider ownership because it increases the chances that management is thinking about the best interests of shareholders.

So what does this data suggest about Group 1 auto insiders?

An insider hasn’t bought shares of Group 1 Automotive in the past three months, but there have been some sales. And even if we look at last year, we haven’t seen any purchases. But since Group 1 Automotive is profitable and growing, that doesn’t worry us too much. Although insiders hold a lot of stock in the company (which is good), our analysis of their dealings does not give us confidence in the company. While we like to know what’s going on with insider ownership and trading, we also make sure to consider the risks a stock faces before making any investment decisions. For example, Group 1 Automotive has 3 warning signs (and 1 which is a little unpleasant) we think you should know.

Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

Valuation is complex, but we help make it simple.

Find out if Group 1 Automotive is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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Aptiv: Acquisition of Intercable Automotive to Accelerate Growth (NYSE: APTV) https://cheapautoinsuronline.com/aptiv-acquisition-of-intercable-automotive-to-accelerate-growth-nyse-aptv/ Sun, 30 Oct 2022 06:15:00 +0000 https://cheapautoinsuronline.com/aptiv-acquisition-of-intercable-automotive-to-accelerate-growth-nyse-aptv/ gorodenkoff Investment thesis Aptiv PLC (New York stock market :APTV) is a global technology architecture and mobility company with a primary focus on developing solutions for the automotive industry. The company recently announced the acquisition of an 85% stake in Intercable Automotive Solution, which deals in automotive power distribution and connection technologies. I believe this […]]]>

gorodenkoff

Investment thesis

Aptiv PLC (New York stock market :APTV) is a global technology architecture and mobility company with a primary focus on developing solutions for the automotive industry. The company recently announced the acquisition of an 85% stake in Intercable Automotive Solution, which deals in automotive power distribution and connection technologies. I believe this acquisition can serve as a primary catalyst to accelerate the company’s growth by enhancing its capabilities and creating a strong presence in the competitive market.

About APTV

APTV is primarily a global automotive-focused mobility architecture and technology company. The company designs and manufactures vehicle parts and provides electronics and active safety technology solutions for the automotive and commercial vehicle markets. The company’s clientele includes the 25 largest in the world automotive original equipment manufacturers or OEMs. Its global network includes 127 manufacturing plants and 12 technical centers to serve customers worldwide. It operates in 46 countries and has 18,900 engineers, scientists and technicians who develop products adapted to the market. The company’s core product line includes Signal & Power Solutions and Advance Safety & User Experience. The Signal & Power Solutions segment designs and manufactures all components of the vehicle’s electrical architecture, including connectors, wiring assemblies and harnesses, cable management, electrical centers and hybrid high voltage distribution and security. This segment generates 74% of the company’s total turnover. The Advanced Safety & User Experience segment offers system integration tools, critical technologies and advanced software development for safety, security, convenience and comfort in vehicles, including sensor systems, controllers multi-domain, electronic control units, vehicle connectivity systems and applications. development. The Advanced Safety & User Experience segment generates 26% of total revenue. The company is experiencing strong growth in both segments, with sales of $20.3 billion in the first half of fiscal 2022, which is 81.2% higher than the first half of fiscal 2021.

Revenue Trend Chart

Revenue trend (Investor Presentation: Slide n°: 7)

Acquisition of Interconnect Solutions

The electric vehicle market is becoming highly competitive owing to its various advantages, such as reduced emissions, growth in charging infrastructure, and low cost of batteries. This automobile revolution can create strong momentum for the growth of the industry in the coming years and provide a wide range of opportunities for companies operating in this industry. This has already led to an increase in the demand for electric vehicles due to government regulations and policies in many countries, which has intensified the competition in the market. Recognizing this opportunity, the company recently signed a definitive agreement to acquire an 85% stake stake in Intercable Automotive Solutions for $595 million. Intercable Automotive Solution deals with high voltage power distribution and high precision connection technologies. Intercable Automotive is considered an industry leader, with estimated sales of over $250 million in 2022. It is focused on manufacturing the innovative solutions needed to meet the challenges of vehicle electrification. Its product line includes solid state power centers, battery cell interconnect systems, high voltage busbar technology and other high voltage power distribution solutions. Intercable’s technology and manufacturing capabilities will provide customers with an efficient and cost-effective vehicle assembly option, which can attract new customers for APTV. Its highly innovative product designs and relationships with major European automotive OEMs can significantly enhance the company’s position as a complete system supplier for EV manufacturers and help it gain a competitive edge in the industry. . By being very competitive in the industry and expanding its customer base, I believe that the company can increase its market share in the years to come, which can ultimately increase its profit margins. Observing the current market trends and the growing demand for electric vehicles, I believe that the company’s growth may last longer, as the automotive revolution may bring drastic changes to the automotive industry in this decade. After considering all these factors, I believe this acquisition can act as a primary catalyst to accelerate the company’s growth by improving its capabilities in the competitive market.

What is the main risk facing APTV?

Availability of raw materials

The company uses various raw materials for production, such as electronic components, semiconductors, petroleum-based resins, chemicals, copper and other materials. Reasons such as mechanical breakdowns, strikes, fires, explosions, power outages or logistical complications due to climate change, weather conditions, customs processing delays and natural disasters can disrupt supply. of these raw materials and increase the prices of the raw materials. Additionally, this disruption may lead to lower production and shipment levels, which could increase its operating costs and further strain the company’s profit margins. Additionally, in the event of late delivery, customers may seek to recover all of their expenses from the company, which may result in reduced profit margins.

Evaluation

Recently, the company acquired Interconnect Solutions which can enhance the capabilities of the company in the years to come. I believe this acquisition can drive growth and strengthen APTV’s position in a competitive market. After taking all of these factors into account, I estimate the company’s FY2023 EPS to be $5.08, resulting in a forward P/E ratio of 17.82x. The company’s forward P/E ratio is above its industry median of 12.98x. However, the company has consistently shown a tendency to trade above the industry median as APTV’s 5-year average P/E ratio is 32.95x. Growing market demand for the automotive market may drive up raw material costs and put pressure on profit margins. Therefore, I think the company could be trading below its 5-year average in the coming years. After taking all of these factors into account, I estimate the company could be trading at a P/E ratio of 27.5x, giving a price target of $139.70, which is an upside of 54.3%. against the current share price of $90.54.

Conclusion

The electric vehicle market is expected to grow to a large extent during this decade which has intensified competition in the industry. Recognizing the need to be competitive in the market, the company recently announced the acquisition of an 85% stake in Intercable Automotive Solutions. Its capabilities can benefit the business to gain a competitive advantage and further accelerate its growth. The company is exposed to the risk of supply chain disruptions which may further increase raw material prices and reduce production levels. The company’s forward P/E ratio is above its industry median of 12.98x. However, the company has consistently shown a tendency to trade above the industry median as APTV’s 5-year average P/E ratio is 32.95x. After analyzing all the above factors, I assign a buy for APTV.

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The intersection 23-10-22 | Automotive News https://cheapautoinsuronline.com/the-intersection-23-10-22-automotive-news/ Sun, 23 Oct 2022 17:00:01 +0000 https://cheapautoinsuronline.com/the-intersection-23-10-22-automotive-news/ Airstream stores could be the start of a wave of diversification for Lithia Motors For some years, Lithium engines went on a dealer acquisition spree across the country, buying up single stores and swallowing large groups whole. But earlier this month, the fast-growing auto retailer made an acquisition that was unlike any other: bought six […]]]>
Airstream stores could be the start of a wave of diversification for Lithia Motors

For some years, Lithium engines went on a dealer acquisition spree across the country, buying up single stores and swallowing large groups whole.

But earlier this month, the fast-growing auto retailer made an acquisition that was unlike any other: bought six Airstream stores in the Pacific Northwest from Airstream Adventures.

“[It’s a] very little business focus on what we do and no real initiative to grow this business other than to really get a sense of what some of these other mobility verticals might look like,” said Lithia CEO Bryan DeBoer on the third-quarter earnings call last week.

It’s not the only example of the company expanding beyond auto retail. Last year, after his entry into CanadaLithia bought a Harley-Davidson store in Toronto. During the company’s third quarter 2021 earnings call, DeBoer pointed out tractor-trailer mobility and agricultural mobility as areas where Lithia could layer its digital and network e-commerce strategies.

Further diversification seems likely based on DeBoer’s comments, which can be found in our story on page 1.

DeBoer reiterated its interest in other international markets and hinted that the company might consider building or acquiring customer relationship management systems or dealership management systems.

To be sure, some rival state-owned auto retailers have also ventured beyond traditional business lines.

Group 1 Automotive and Penske Automotive Group had a presence in the UK for years. think too has dealerships in Japanowns commercial truck dealerships and an interest in Penske Transportation Solutions.

AutoNation, which Lithia branded the nation’s top new-vehicle retailer in the first half of 2022, has also tried to diversify.

While AutoNation closed its unprofitable aftermarket collision parts unit in 2020, the auto retailer still has its AutoNation Precision Parts business, which sells branded maintenance and repair parts, and its AutoNation USA used vehicle stores.

And in July, AutoNation announced that it would buy indirect lender CIG Financial for $85 million and convert it into a captive finance company.

Dealer acquisitions, digital retailing and Lithia’s own captive finance unit were seen as key cogs in driving the company to achieve its ambitious five-year plan to reach $50 billion in annual revenue by 2025, nearly four times the 2019 revenue of $12.67 billion.

These aspects remain very much in play.

But it looks like DeBoer wants Lithia to be not only the biggest band, but also the most diverse.

Jack Walsworth

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Automotive Properties REIT Announces October 2022 Distribution https://cheapautoinsuronline.com/automotive-properties-reit-announces-october-2022-distribution/ Tue, 18 Oct 2022 03:17:00 +0000 https://cheapautoinsuronline.com/automotive-properties-reit-announces-october-2022-distribution/ /NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISTRIBUTION IN UNITED STATES/ TORONTO, October 17, 2022 /CNW/ – Automotive Properties Real Estate Investment Trust APR (the “REIT”) today announced a cash distribution of $0.067 per REIT unit for the month of October 2022representing $0.80 per REIT unit on an annualized basis. Payment will […]]]>

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISTRIBUTION IN UNITED STATES/

TORONTO, October 17, 2022 /CNW/ – Automotive Properties Real Estate Investment Trust APR (the “REIT”) today announced a cash distribution of $0.067 per REIT unit for the month of October 2022representing $0.80 per REIT unit on an annualized basis. Payment will be made on November 15, 2022 to unitholders registered on the October 31, 2022.

About Automotive Properties REIT

Automotive Properties REIT is an unincorporated open-ended real estate investment trust focused on the ownership and acquisition of primarily income-generating automotive dealership properties located in Canada. The REIT’s portfolio currently consists of 72 income-generating commercial properties, representing approximately 2.7 million square feet of gross leasable area, in the metropolitan markets of British Columbia, alberta, Saskatchewan, Manitoba, Ontario and Quebec. Automotive Properties REIT is the only public vehicle in Canada focused on consolidating the real estate assets of car dealerships. For more information, please visit: www.automotivepropertiesreit.ca.

SOURCE Automotive Properties Real Estate Investment Trust

Show original content: http://www.newswire.ca/en/releases/archive/October2022/17/c4917.html

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