The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
0553 GMT – BMW could follow Mercedes-Benz Group in releasing strong first-quarter numbers ahead of its full results, scheduled for May 4, RBC analyst Tom Narayan says in a research note. “We also expect BMW could positively preannounce, helped by China consolidation,” RBC says. Meanwhile, Volkswagen’s performance could disappoint as the impact of derivatives doesn’t seem to be reflected in consensus numbers, according to RBC. Mercedes gave an unscheduled update on Thursday due to large differences between its key first-quarter metrics and consensus expectations, as investors reassessed the outlook for profitability in the auto industry in light of Tesla’s price cuts. Luxury-car makers such as Mercedes seem less exposed to Tesla’s competition than mass-market names, RBC says. (adria.calatayud@dowjones.com)
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