Pinnacle Auto Appraisers' Blog

Keeping the auto appraising industry up to date with important auto industry and appraiser information.

Volvo Cars building €1.2B EV manufacturing plant in Slovakia; third in Europe - Green Car Congress

Volvo Cars will build a third manufacturing plant in Europe, positioning the company well to meet the continued demand from its customers for electric cars and capture future growth potential.

The new plant will be climate-neutral and build only electric cars, underpinning the company’s ambition to become fully electric by 2030 and climate-neutral by 2040, and to continue expanding its global production capacity to match its growth ambitions.

By picking Slovakia as the location for its new plant, Volvo Cars is creating a European triangle of manufacturing covering its largest sales region—complementing the Ghent plant (Belgium) in western Europe and the Torslanda plant (Sweden) in northern Europe.

302767_Volvo_Cars_gears_up_for_long-term_sustainable_growth_with_new_Slovakia

The new facility represents an investment of around €1.2 billion; Volvo expects around 20% to be funded by governmental support. The plant will be located close to Kosice, in the eastern part of Slovakia, where it will benefit from a well-established automotive supply chain as it becomes the fifth car plant in the country.

Volvo Cars has an ambition to move towards annual sales of 1.2 million cars by mid-decade, which it aims to meet with a global manufacturing footprint spanning Europe, the US and Asia.

Construction of the Kosice plant is planned to start in 2023, with equipment and production lines installed during 2024. Series production of next-generation, pure electric Volvo cars is scheduled to start in 2026.

In line with Volvo Cars’ ambition to have climate-neutral manufacturing operations by 2025, the plant will use only climate-neutral energy. It will also be designed to be a leader in sustainable and efficient premium electric car production with an optimized layout and logistics flow, while Volvo Cars aims for the highest global standards in energy and environmental efficiency.

As for the location, Kosice offers good logistical and transport links to the rest of Europe and access to a good supplier base. The incentives offered by the Slovak government has also been a key factor in the decision to locate the plant in Kosice.

The facility is designed to produce up to 250,000 cars per year and is expected to provide several thousand new jobs in the region. The site also allows for further expansion of the plant in future.

The establishment of the Kosice plant represents the first new European manufacturing site for Volvo Cars for almost 60 years. The Torslanda plant was opened in 1964, while the Ghent factory followed a year later. Together, these facilities can produce 600,000 cars per year.

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Group 1 Automotive, Inc. (NYSE:GPI) Shares Sold by State of Alaska Department of Revenue - Defense World

State of Alaska Department of Revenue reduced its stake in shares of Group 1 Automotive, Inc. (NYSE:GPIGet Rating) by 6.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 11,992 shares of the company’s stock after selling 825 shares during the quarter. State of Alaska Department of Revenue’s holdings in Group 1 Automotive were worth $2,012,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp grew its position in Group 1 Automotive by 0.3% during the 4th quarter. State Street Corp now owns 673,083 shares of the company’s stock worth $131,399,000 after purchasing an additional 1,845 shares during the period. Lakewood Capital Management LP grew its position in Group 1 Automotive by 3.9% during the 4th quarter. Lakewood Capital Management LP now owns 377,226 shares of the company’s stock worth $73,642,000 after purchasing an additional 14,000 shares during the period. Geode Capital Management LLC grew its position in shares of Group 1 Automotive by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 333,536 shares of the company’s stock valued at $65,112,000 after acquiring an additional 2,824 shares during the period. Bank of New York Mellon Corp grew its position in shares of Group 1 Automotive by 5.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 257,922 shares of the company’s stock valued at $48,458,000 after acquiring an additional 14,199 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Group 1 Automotive by 15.2% during the 4th quarter. Bank of America Corp DE now owns 236,984 shares of the company’s stock valued at $46,263,000 after acquiring an additional 31,212 shares during the period. 99.57% of the stock is currently owned by institutional investors.

Shares of Group 1 Automotive stock opened at $172.20 on Friday. The firm has a market capitalization of $2.86 billion, a PE ratio of 4.73, a P/E/G ratio of 0.30 and a beta of 1.52. Group 1 Automotive, Inc. has a twelve month low of $145.72 and a twelve month high of $212.23. The firm’s 50-day moving average price is $177.41 and its 200 day moving average price is $179.19. The company has a current ratio of 1.02, a quick ratio of 0.34 and a debt-to-equity ratio of 0.98.

Group 1 Automotive (NYSE:GPIGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $10.81 earnings per share for the quarter, beating analysts’ consensus estimates of $9.45 by $1.36. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.77 billion. Group 1 Automotive had a net margin of 4.45% and a return on equity of 38.47%. Group 1 Automotive’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company posted $5.57 EPS. On average, sell-side analysts predict that Group 1 Automotive, Inc. will post 41.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a $0.37 dividend. The ex-dividend date was Tuesday, May 31st. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 0.86%. Group 1 Automotive’s dividend payout ratio (DPR) is currently 4.07%.

In other Group 1 Automotive news, VP Michael David Jones sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $181.49, for a total value of $181,490.00. Following the transaction, the vice president now directly owns 12,972 shares of the company’s stock, valued at approximately $2,354,288.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Frank Grese sold 910 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $185.86, for a total transaction of $169,132.60. Following the completion of the transaction, the senior vice president now directly owns 21,714 shares in the company, valued at $4,035,764.04. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

GPI has been the topic of a number of analyst reports. Morgan Stanley cut Group 1 Automotive from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $187.00 to $160.00 in a research report on Friday, May 20th. JPMorgan Chase & Co. cut Group 1 Automotive from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $240.00 to $200.00 in a research report on Thursday, April 7th. Finally, StockNews.com cut Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Group 1 Automotive Profile (Get Rating)

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It operates primarily in 17 states in the United States; and 35 towns in the United Kingdom.

Further Reading

Want to see what other hedge funds are holding GPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Group 1 Automotive, Inc. (NYSE:GPIGet Rating).

Institutional Ownership by Quarter for Group 1 Automotive (NYSE:GPI)

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GKN Automotive launches next-generation inverter, compatible with 800V technology - Green Car Congress

GKN Automotive has launched its next-generation inverter,v ompatible with advanced 800V electric vehicle technology. The upgraded product features a range of efficiency and lightweighting improvements to deliver market-leading performance and enhanced sustainability.

Next generation inverter_1

The next-gen inverter, one of three modular elements of GKN Automotive’s eDrive platform, offers a 20% power output increase over the previous version. In addition, power density is up by 50%, power-to-weight ratio rises by 60%, and copper content is reduced by 63%.

A key development is the integration of 800V technology, which will mean faster charging times, increased battery size, and improved performance for future electric vehicles.

GKN Automotive forecasts that by 2025, the majority of electric vehicles on the market will utilize the technology. To offer OEMs complete flexibility on existing vehicles, the next-gen inverter is also compatible with existing 400V systems.

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Enjoy an exciting ride with top 10 finest Sports cars of 2022 - SportsUnfold

Enjoy an exciting ride with top 10 finest Sports cars of 2022. Despite the popularity of hot hatchbacks and performing SUVs, conventional sports cars are still in demand. The greatest sports vehicles are all designed with racing enjoyment on the tip of their goal list, despite the category including various sizes, designs, and voltage output.

The top end of the scale contains vehicles that, as a full-fat racecar, are incredibly quick and exhilarating to ride. Yet, our favourites also combine some real function and usability — the Porsche 911 becoming a particularly amazing illustration.

1. Mazda MX – 5

2019 Mazda MX-5 Miata Review, Ratings, Specs, Prices, and Photos - The Car Connection Enjoy an exciting ride with top 10 finest Sports cars of 2022

2019 Mazda MX-5 Miata Review, Ratings, Specs, Prices, and Photos - The Car Connection Enjoy an exciting ride with top 10 finest Sports cars of 2022

Despite its comparatively inexpensive cost, the Mazda MX-5 is among the best hobbyist vehicles. Since there aren’t enough compact, entertaining, rear-wheel-drive supercars on the marketplace, most of the MX-5’s competitors are front-drive quick hatchbacks. The MX-5 may not be a sensible daily vehicle, but driving it is in a different class. Its option of a bubbly 1.5 or 2.0-litre petrol engine emphasizes fun and handling rather than pure power. 

2. Porsche 911

Porsche 911 Turbo S - Porsche Middle East Enjoy an exciting ride with top 10 finest Sports cars of 2022

Porsche’s most comprehensive 911 yet is quick, smart, and completely practical for daily use. Given the rate of the 911’s ongoing development, the latest crop of Carrera S and 4S models are as quick as the Porsche GTS from the past ones. The 992-generation comes in a variety of Coupe, Cabrio, and Targa variations. The 641bhp Turbo S model, which can accelerate from 0 to 62 mph in only 2.7 seconds and has a terminal velocity of 205 mph, sits at the branch’s top.

3. Alpine A110

2022 Alpine A110 Revealed With 300 Horsepower And New Infotainment Enjoy an exciting ride with top 10 finest Sports cars of 2022

2022 Alpine A110 Revealed With 300 Horsepower And New Infotainment Enjoy an exciting ride with top 10 finest Sports cars of 2022

The most recent Alpine A110 is designed to appear and perform much like the French brand’s classic Sixties vehicle of the same moniker, building on a rich heritage of rear-engined sporting and competition cars. But despite what its retro-styled exterior might lead you to assume, the current A110 is far more contemporary than it appears, thanks to a mid-mounted supercharged four-cylinder motor, dual-clutch transmission, and a superbly balanced chassis. Although some competitors are more useful, the Alpine remains the finest option for enthusiastic drivers who wish to set out. The A110 delivers a simpler, more pure drive than its German competitors. 

4. Porsche 718 Boxster/Cayman

2022 Porsche 718 Boxster, Cayman Get Slightly More Expensive

It is an entry-level convertible and coupe version from the German automaker, and each offers a combination of power and agility that has kept them amongst our top sports cars for years. Its 718’s four-cylinder motor, contrasting that of its older brother, the 911, is a bit of a weak spot in an otherwise superb vehicle. S versions bump to 345 horsepower, while Basic and T versions get 296 bhp. The top-spec GTS cars have an additional bump to roughly 400bhp if you want even more performance. You’ll need to look elsewhere for a thrilling motor note because all variants of this engine are functional rather than expressive.

5. BMW M3/M4

Pricing: 2021 BMW M3 and 2021 BMW M4

Pricing: 2021 BMW M3 and 2021 BMW M4

Despite its divisive appearances, BMW’s M3 saloon and M4 coupe’s most recent iterations maintain their legacy of dominating both the street and the racetrack in a simple design to drive as an ordinary car, if you wish to. The Competitive cars include an eight-speed manual transmission designed to make the best of the xDrive technology, increasing output from 473 bhp to 503 bhp. These vehicles live true to the highly prized M lineage and unquestionably deserve a spot on this ranking, so don’t let these alterations deceive you.

6. McLaren 720S

McLaren 720S Price - Images, Colours & Reviews - CarWale

The Lamborghini Huracan and the Ferrari 488 were two of the goliath companies in mind when the 720S was developed, and many people would find it difficult to compete with them. Thankfully for McLaren, the 720S has been transformed into a terrifying rival thanks to a wealth of technological know-how and lengthy history in racing. This mid-mounted dual supercharged 4.0-litre V8 engine produces a massive 710 horsepower, so there is plenty of horsepowers. With this, you can go from 0 to 62 mph in 2.9 seconds and reach an equally astounding fast velocity of 212 mph.

7. Toyota GR Supra

Toyota GR Supra Lightweight Debuts In Europe With Substantial Diet And 6MT

Toyota GR Supra Lightweight Debuts In Europe With Substantial Diet And 6MT

The Toyota Supra has made a contentious comeback. Toyota officially revived the moniker 17 years following the much-loved Mk4 Supra’s manufacture ceased. No one can dispute the latest Supra is a beautiful performance car, despite the short online outcry over the level of involvement BMW had throughout its creation. The 3.0-litre supercharged six-cylinder engine from BMW generates a respectable 335 horsepower and 500 Nm of torque. 

8. Ford Mustang

Ford Mustang Price, mages, Colors & Reviews - CarWale Enjoy an exciting ride with top 10 finest Sports cars of 2022

Ford is a step above its competition in terms of quality. The Mustang GT begins at about £50,000 less than the most recent 911 Carrera S from Porsche but produces the same amount of power (444 horsepower). Muscle cars aren’t typically recognized for feeling comfortable on a winding road, but the most recent Mustang handles it brilliantly. Although its freshly updated chassis is more responsive than ever, particularly with adjustable dampers, it is not the ultimate in finesse. 

9. Nissan GT-R

Nissan GTR Price - Images, Colours & Reviews - CarWale

Nissan GTR Price - Images, Colours & Reviews - CarWale

The GT-R is a distinctive offering in the sports vehicle market and is renowned for its power that rivals supercars. Absolute speed and off-the-line speed are both impressive. It may be the easiest to-drive roadster on the market, with a hand-built 3.8-litre twin-turbo V6 engine producing 562 horsepower and a variety of driver-assist features. 

10. Audi TT

Audi TT Price, Images, Colors & Reviews - CarWale

The Audi TT exists in various forms, including a convertible and the extreme TT RS. Still, its primary attributes have remained consistent throughout its fun to drive and attractive to stare at. Based on your configuration, the 2.0-litre TFSI engine in basic TTs can generate 194 or 242 horsepower. But irrespective of power, the engine has punch and is efficient. 

A road test must always come after you’ve settled on your needs and spending limit. Ensure you drive the vehicle on a winding route to gauge how it will respond. You’ll probably buy a racing car to enjoy, so ensure you can enjoy yourself by paying heed to the driving, shifter, pedal box, chassis, and its effectiveness through the levels. Make sure you can sit behind the steering as well; if you’re taller than six feet, most sports vehicles can feel crowded inside. There are many notable emblems available on the sports vehicle market.

Enjoy an exciting ride with top 10 finest Sports cars of 2022. Despite the popularity of hot hatchbacks and performing SUVs

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Automotive Tire Market Insights 2022 And Analysis By Top Keyplayers – Bridgestone, Michelin, Goodyear, Continental – Designer Women - Designer Women

The Automotive Tire Market report is prepared with the sole purpose of equipping players with industry-leading analysis and useful recommendations for securing the best position in the global Automotive Tire market. You can discover high growth opportunities in the global Automotive Tire market through our exclusive research and assess risk factors to stay ready for any market issues in advance. Our deep segmentation research allows us to focus on key segments of the global Automotive Tire market and formulate effective strategies to capitalize on the growth prospects they have created. The report includes a study of Automotive Tire market sizes by value and volume and provides important market figures such as average annual,market share,growth rate,production,consumption and revenue.

The regional analysis provided in this study provides a complete study of the growth of the global Automotive Tire market in different regions and countries. Readers are also provided with comprehensive competitive analysis, which includes detailed profiling of leading players operating in the global Automotive Tire market. The report has a dedicated section on market dynamics where market influencers,Automotive Tire market growth drivers,limitations,challenges,trends and opportunities are extensively discussed. The statistical information provided in this report serves as a powerful tool to clearly and quickly understand the progress of the Automotive Tire market over the past few years and in the coming years.

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It starts with an overview of the supplier landscape followed by industry concentration analysis and ranking of the major players in the global Automotive Tire market. In the competitive scenario, our analysis shed light on the following topics.

Leading Automotive Tire Market Players are as followed:

Bridgestone Michelin Goodyear Continental Pirelli Hankook Sumitomo Yokohama Maxxis Zhongce GITI Tire Cooper Tire Kumho Tire Toyo Tire Apollo Tyres Triangle Group Nexen Tire Hengfeng Rubber Nokian Tyres

Global Automotive Tire Market segmentation :

Automotive Tire Market Segment by Type :

Bias Tire Radial Tire

Automotive Tire Market Segment by Application :

Passenger Car Commecial Car

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Automotive Tire Market Report Scope 

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
BASE YEAR 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNIT Value (USD Million/Billion)
SEGMENTS COVERED Types, Applications, End-Users, and more.
REPORT COVERAGE Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
BY REGION North America, Europe, Asia Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent up to 4 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.


Regional market analysis Automotive Tire can be represented as follows:

This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast. 

The base of geography, the world market of, Automotive Tire has segmented as follows:

North America includes the United States, Canada, and Mexico Europe includes Germany, France, UK, Italy, Spain South America includes Colombia, Argentina, Nigeria, and Chile The Asia Pacific includes Japan, China, Korea, India, Saudi Arabia, and Southeast Asia


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Free Review:

If you are looking to increase your insurance coverage on your vehicle, the insurance company may require you to obtain a certified auto appraisal.   If you have a custom car, truck or motorcycle, the insurance company won't pay you more than book value. Get a stated value appraisal to cover money spent customizing your vehicle.  Have a collector or exotic vehicle?  Book value does not justify the vehicle value  In case you are in an accident, have a certified auto appraisal done.  Contact us today for a Free Evaluation!

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Pinnacle Auto Appraisers Will Professionally Evaluate Your Vehicle!

FLEET VEHICLES:

Pinnacle Auto Appraisers prides itself on quickly handling large amounts of vehicles. We routinely handle fleets for: vans, trucking, limousine, shuttle, buses, SUV, corporate, taxi, dealership, clubs, rental, and delivery companies. We handle large national chains, small family businesses, and car club appraisal(s).

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Pinnacle Auto Appraisers Offers Quality Fleet Appraisals!

Accident:

If you were involved in an accident and the insurance company deemed your vehicle a total loss, we can help.  If you don't agree with the insurance company's offer, you have the right to hire an independent certified appraiser to determine the actual cash value of your vehicle.  Our certified appraiser will go to the vehicle location, conduct the inspection and complete a certified total loss appraisal on your vehicle.  Total loss claims do require a negotiation phase which we will take care of for you at no additional charge!

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Let Pinnacle Auto Appraisers Help After A Crash!

CAR CLUBS & REPAIR SHOPS:

Our Appraisers are repair shop and car club fanatics! We enjoy when local and national clubs invite us out to their local gatherings. We offer an appraisal discount that lasted all month. We love everything that has an engine and drives on the road. We do our best to help everyone in need of an appraisal!

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Pinnacle Auto Appraisers - We Value Car Clubs and Repair Shops!