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BMWYY

BMW

$0.00

(0.00%)

, DDAIF

Daimler AG

$0.00

(0.00%)

08:49
12/19/18
12/19
08:49
12/19/18
08:49

BMW, Daimler AG receive approval for merger of mobility services

The BMW Group (BMWYY) and Daimler (DDAIF) are planning the next steps for their joint mobility company, following approval by the responsible competition authorities. The basis for this is the approval of the US competition authorities, which was received on Tuesday, December 18, 2018. This means that all antitrust authorities involved have given the green light for the new joint venture, which is owned in equal parts by the BMW Group and Daimler AG. The joint venture will focus on ensuring the personal freedom of customers in the field of urban mobility. Geared towards this vision of future urban mobility, a new mobility offering will be created that is easy to access, intuitive and focused on the needs of the user. On their urban journey, customers will move through a seamlessly connected and sustainable ecosystem that combines CarSharing, Ride-Hailing, Parking, Charging and Multimodality from a single source and is available with just a few taps. The idea is to create the most attractive, most comprehensive mobility solution for a better life in our connected world. Now that the approval of the competition authorities has been received, the goal is to close this transaction by January 31, 2019. Once this major transaction closes, the new mobility company will present next steps in the first quarter of 2019, in conjunction with the BMW Group and Daimler AG. The equally-owned joint venture will comprise the following activities and services:1) Multimodal and on-demand mobility with moovel and ReachNow. 2) CarSharing with Car2Go and DriveNow. 3) Ride-Hailing with mytaxi, Chauffeur Prive, Clever Taxi and Beat. 4) Parking with ParkNow and Parkmobile Group/Parkmobile. 5) Charging with ChargeNow and Digital Charging Solutions.

BMWYY

BMW

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

BMWYY BMW
$0.00

(0.00%)

08/23/18
UBSW
08/23/18
NO CHANGE
UBSW
UBS teardown finds 'numerous' quality issues with Tesla's Model 3
The UBS Evidence Lab tore down the new Tesla (TSLA) Model 3, the 2014 BMW (BMWYY) i3, and 2017 Chevy Bolt from General Motors (GM), UBS analysts led by Colin Langan tell investors in a research note. While Tesla won the first test focused on powertrain and the second test focused on electronics, it came in last on the third test, which focused on fit and finish. Teardown experts noted "numerous" Model 3 quality issues including inconsistent gaps and flushness throughout the car, missing bolts, loose tolerances, and uneven and misaligned spot welds, UBS writes in a research note partially titled "The Revolution is Over." The Model 3 car scored "below average" on the firm's fit and finish quality audit. The results confirm media reports of quality issues and are disappointing for a $49,000 car, UBS writes to investors. The winner of the third test was the Chevy Bolt, with the BMW i3 close behind. UBS believes the Bolt offers good value with a price that's over $10,000 lower than the BMW i3.
08/10/18
MSCO
08/10/18
UPGRADE
MSCO
Equal Weight
BMW upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley analyst Harald Hendrikse upgraded BMW to Equal Weight with a price target of EUR 90.
08/06/18
JPMS
08/06/18
UPGRADE
JPMS
Neutral
BMW upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Jose Asumendi upgraded BMW to Neutral with a price target of EUR 90. The shares are "too cheap to ignore" after the company confirmed its guidance, the analyst tells investors in a research note.
05/31/18
MSCO
05/31/18
NO CHANGE
Target $28
MSCO
Overweight
Fiat Chrysler ending Fiat sales in U.S. would be 'sensible,' says Morgan Stanley
Morgan Stanley analyst Adam Jonas said he believes that if Bloomberg is correct and Fiat Chrysler (FCAU) does plan to stop selling Fiat branded cars in North America and China it would be a "sensible recognition" of how to allocate capital over the next five years. BMW (BMWYY), including MINI, sells 21 times more cars in the U.S. than Fiat does, noted Jonas, who said Bloomberg's report appears consistent with his high-level expectation that FCA will send the message that it is cutting investment or possibly exiting areas that don't add shareholder value and "doubling down"' on brands and businesses, like Jeep, that have untapped global potential. Jonas maintains an Overweight rating on Fiat Chrysler shares with a $28 price target.
DDAIF Daimler AG
$0.00

(0.00%)

11/15/18
SBSH
11/15/18
DOWNGRADE
SBSH
Sell
Daimler AG downgraded to Sell from Neutral at Citi (yesterday)
Citi analyst Angus Tweedie yesterday afternoon downgraded Daimler AG to Sell with a price target of EUR 48 after taking over coverage of the name. The analyst is concerned that Daimler will "need to reset expectations once-again" in 2019 as the new management team looks to address the challenges the business model faces and deal with historically inflated expectations.
10/24/18
BOFA
10/24/18
UPGRADE
BOFA
Buy
Daimler AG upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analsyt Fraser Hill upgraded Daimler AG to Buy from Neutral citing valuation.
10/15/18
UBSW
10/15/18
DOWNGRADE
UBSW
Neutral
Daimler AG downgraded to Neutral from Buy at UBS
10/04/18
EXAN
10/04/18
UPGRADE
EXAN
Neutral
Daimler AG upgraded to Neutral from Underperform at Exane BNP Paribas
Exane BNP Paribas analyst Stuart Pearson upgraded Daimler AG to Neutral saying most of the bad news is priced in at current share levels.

TODAY'S FREE FLY STORIES

HGV

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DB

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HGV

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RARE

Ultragenyx

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GGAL

Grupo Financiero

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VST

Vistra Energy

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SDC

SmileDirectClub

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-0.99 (-8.92%)

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RVNC

Revance

$13.01

0.84 (6.90%)

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HAL

Halliburton

$18.43

-0.515 (-2.72%)

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NKE

Nike

$94.87

0.97 (1.03%)

, WDC

Western Digital

$59.11

0.75 (1.29%)

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On The Fly
Nike, Western Digital upgrades among today's top analyst calls »

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NKE

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$94.87

0.97 (1.03%)

WDC

Western Digital

$59.11

0.75 (1.29%)

TPR

Tapestry

$24.94

-1.03 (-3.97%)

HPE

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$14.77

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XLNX

Xilinx

$96.33

0.15 (0.16%)

DAL

Delta Air Lines

$52.71

-0.23 (-0.43%)

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SDC

SmileDirectClub

$10.33

-0.77 (-6.94%)

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INTC

Intel

$51.65

-0.41 (-0.79%)

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BKNG

Booking Holdings

$1,985.99

11.08 (0.56%)

, FB

Facebook

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BKNG

Booking Holdings

$1,985.99

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FB

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M

Macy's

$15.17

-0.56 (-3.56%)

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CARA

Cara Therapeutics

$19.13

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AZUL

Azul

$37.10

0.25 (0.68%)

, UAL

United Airlines

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11:20
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AZUL

Azul

$37.10

0.25 (0.68%)

UAL

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CPA

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$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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KEM

Kemet

$20.96

0.305 (1.48%)

11:15
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Kemet put volume heavy and directionally bearish »

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I

Intelsat

$24.59

0.26 (1.07%)

11:05
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Options
Intelsat call volume above normal and directionally bullish »

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DE

Deere

$169.81

-1.16 (-0.68%)

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SDC

SmileDirectClub

$10.48

-0.62 (-5.59%)

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Breaking Hot Stocks news story on SmileDirectClub »

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SDC

SmileDirectClub

$10.44

-0.66 (-5.95%)

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