Connect with us

Business

Ford launching new off-road Timberline models starting with Explorer SUV

Published

on

Ford launching new off-road Timberline models starting with Explorer SUV


2021 Ford Explorer Timberline

Ford

DETROIT – Ford Motor plans to offer a new lineup of off-road vehicles under the name Timberline, starting this summer with its Explorer SUV.

The 2021 Explorer Timberline, which the company unveiled Wednesday, features an updated exterior design, increased ground clearance and other off-road features such as heavy-duty shocks and skid plates to protect the undercarriage of the vehicle.

Other SUVs with similar features and capabilities under the Timberline name are expected to follow, however Ford officials declined to discuss further details.

“Ford is delivering on more capable SUVs with Timberline. Consumer data has shown us that now more than ever, customers want to get outside and explore nature with friends and family,” Kumar Galhotra, Ford president of the Americas & International Markets Group, said in a statement.

With the new Timberline trim, Ford looks to capitalize on increasing sales of SUVs and demand for off-road-capable vehicles. The looks and features of such vehicles have become more popular with mainstream consumers in recent years.

Off-road models also typically boost profits. The Explorer Timberland will start at $45,765, according to Ford. That pricing positions it in the middle of the Explorer lineup but about $13,000 more than the base model.

Ford reports there’s been a 56% increase in off-road use over the last three years for its current Explorer owners.



Source link

Business

Blinken says on Chinese investment in West: we have to be ‘very careful’ By Reuters

Published

on

Blinken says on Chinese investment in West: we have to be ‘very careful’ By Reuters



© Reuters. FILE PHOTO: U.S. Secretary of State Antony Blinken arrives at the G7 foreign ministers meeting in London, Britain May 5, 2021. Ben Stansall/Pool via REUTERS

LONDON (Reuters) – U.S. Secretary of State Antony Blinken said the West had to be very careful about the exact nature of Chinese investment in Western economies.

“I think we have to be very careful about exactly what the nature is of that investment,” Blinken told the BBC in an interview when asked about Chinese investment in the West.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Continue Reading

Business

Analysis-Global rates volatility forces investor rethink on Asian bonds By Reuters

Published

on

Analysis-Global rates volatility forces investor rethink on Asian bonds By Reuters



© Reuters. FILE PHOTO: People walk with umbrellas in Lujiazui financial district in Pudong, following the coronavirus disease (COVID-19) outbreak in Shanghai, China September 17, 2020. REUTERS/Aly Song

By Stanley White and Andrew Galbraith

TOKYO/SHANGHAI (Reuters) – A pause in a broad selloff in U.S. treasuries and other global bonds last month has given foreign investors time to rethink their Asian holdings and shift money to safer markets such as China, away from riskier countries like Indonesia and India.

China, India and Indonesia were among the largest recipients of yield-seeking foreign investment last year.

But a divergence in economic recoveries from the coronavirus pandemic, a dollar rally and questions about the Federal Reserve’s resolve to keep U.S. rates low have forced fund managers to see some markets as safer than others.

Moreover, a surge in U.S. yields in the first quarter of 2021, the sharpest since late 2016, has blunted the appeal of some lower-yielding Asian bond markets.

“Within Asia, you have countries like Thailand, Singapore, and Malaysia that are now less attractive vis-a-vis the United States,” said Leonard Kwan, an emerging markets fixed income portfolio manager at T. Rowe Price in Hong Kong. “It would likely be those markets that we look to rotate out of, and into Treasuries.”

In March, foreign investors turned net sellers of Chinese sovereign bonds for the first time in more than two years. But asset managers remain bullish because of China’s high real yields and its close links to a rebound in global trade.

China’s bond market saw a rare 8.95 billion yuan ($1.38 billion) drop in holdings by overseas investors in March as they trimmed positions in Chinese government bonds, official data showed.

Kwan says he has continued to plough money into Chinese bonds, citing China’s domestically driven market with low correlations to global investment and rates cycles.

Davis Hall, head of capital markets in Asia at Indosuez Wealth Management in Hong Kong, reckons buying Chinese debt is a “no brainer” for Japanese, Swiss, or European investors with attractive yields compensating for currency risks.

real yields, which adjust for changes in consumer prices, are above 3%. In comparison, Japan’s and Switzerland’s real yields are less than 1% while German bunds and U.S. Treasuries carry negative real yields.

China’s efforts to rein in credit growth are a concern, but asset managers expect the central bank will avoid raising rates and resort to other tools that pose fewer risks to bond prices.

Last year’s investor darlings, Indonesia and India, are however no longer so, as asset managers worry about quantitative easing and currency weakness, suggesting a bigger shift in allocations around the region.

Foreign investors sold a net $1.1 billion in Indonesian bonds in February and $1.4 billion in March, marking the biggest outflows in a year. They sold a net $1.8 billion of Indian bonds in February and March, the biggest outflows in almost a year.

While a yield of 6.5% on its 10-year bond makes Indonesia an attractive bet, the prospects of a patchy and slow economic recovery, high fiscal deficit and a shaky currency that has already shed 2.8% against the dollar this year worry investors.

India is not as popular with bond investors as China or Indonesia, and risks to its economic outlook are more acute after a fierce surge in coronavirus infections.

Hayden Briscoe, head of fixed income global emerging markets and Asia Pacific at UBS Asset Management in Hong Kong, says investors are likely to keep away from emerging market bonds as these central banks contemplate raising pandemic-era low interest rates.

“At the moment you’ve got a few things going wrong,” Briscoe said. “You’ve got the rates going wrong for your rate volatility in the U.S. and then you’ve got the dollar on the stronger side now. It’s time to be sort of wary on your emerging market allocations.”

While U.S. volatility began to subside at the end of April, it remains relatively elevated and investors could be more “idiosyncratic” in their allocations and assessment of whether bonds pay enough to compensate for risks.

“There’s always the tension of, is there enough carry to compensate for the volatility?” said Briscoe.





Source link

Continue Reading

Business

Stellantis NV Earnings, Revenue Beat in Q1 By Investing.com

Published

on

Stellantis NV Earnings, Revenue Beat in Q1 By Investing.com



© Reuters. Stellantis NV Earnings, Revenue Beat in Q1

Investing.com – Stellantis NV reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.

Stellantis NV announced earnings per share of €0.4356 on revenue of €37B. Analysts polled by Investing.com anticipated EPS of €0.3885 on revenue of €36B.

Stellantis NV shares are up 1.36% from the beginning of the year, still down 3.86% from its 52 week high of €15.46 set on March 11. They are under-performing the which is up 10.65% from the start of the year.

Stellantis NV follows other major Consumer Cyclical sector earnings this month

Stellantis NV’s report follows an earnings matched by Moncler SpA on April 21, who reported EPS of €0.0107 on revenue of €365.46M, compared to forecasts EPS of €0.0107 on revenue of €362.99M.

Piaggio&C had beat expectations on April 29 with first quarter EPS of €0.03 on revenue of €385M, compared to forecast for EPS of €0.02 on revenue of €346.3M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Continue Reading

Trending