May U.S. Auto Demand: 17.4m Unit SAAR Reflects Rising Incentives over Memorial Day Weekend
Light Vehicle SAAR in May came in at 17.4m units (+6.1% MoM, +1.2% YoY) which was stronger than consensus expectations. YTD average SAAR remains...
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Rising Nationalism Propaganda by State Media, China Macro Data 4M 2019
Since May 10 when Chinese Vice Premier Liu He left the Washington without a trade deal with the US, nor any plan for future talks, both countries...
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Fiat-Renault - "Let's Have a Clean Fight, Touch Hands, Back to Your Corners."
The announcement of a proposal by Fiat Chrysler Automobiles NV (FCA IM) (hereafter "FCA", "FCAU", "Fiat-Chrysler") to merge with Renault SA (RNO...
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China Evergrande: The Case of Rising Leverage and Lower Margins
Having paid dividends of RMB 27.7bn in 2018, noteholders must have been relieved when Evergrande Real Estate Group (3333 HK) (“Evergrande” or the...
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Tesla: Accrued Expenses, Implied Cash Balances and Hemingway's Wisdom
Bloomberg reports that Morgan Stanley has cut its bear-case target for Tesla Motors (TSLA US) to $10 from $97. While this reeks of a "stealth sell"...
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