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UK Export Finance guarantees 1 billion pound loan to Ford UK
LONDON (Reuters) -A British government agency is providing a 1 billion pound export development guarantee to the UK arm of U.S. carmaker Ford, supporting the company's long-term growth targets around the world. "This £1 billion loan guarantee is a major boost for Britain's auto sector. It will help develop world-leading products, open new export markets, and secure jobs," finance minister Rachel Reeves said in the statement released by UK Export Finance (UKEF). Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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What O'Reilly Automotive's Earnings Say About the Health of Its Business
Key Points O'Reilly is on track to report positive same-store sales in 2025, which would mark 33 straight years of growth for this key metric. The company's consistent free cash flows support management's aggressive share buybacks. Investors will agree that this is a high-quality business, but the valuation is steep. 10 stocks we like better than O'Reilly Automotive › With all the attention going to tech stocks these days, a company like O'Reilly Automotive (NASDAQ: ORLY) might fly under the radar. However, not learning more about this business could be a huge mistake. Its shares have soared 224% in the past five years, crushing the broader market. O'Reilly just reported another quarter of upbeat financial results, helping drive the retail stock to a notable 23% gain just in 2025 (as of July 28). Investors should take the time to look under the hood. Here's what O'Reilly's latest earnings say about the health of its business. An incredible streak continues During the second quarter (ended June 30), O'Reilly saw its revenue rise 5.9% year over year to $4.5 billion. This was "driven by solid growth in both professional and "DIY," according to CEO Brad Beckham. In 2024, O'Reilly reported its 32nd straight year registering positive same-store sales (SSS). In the first quarter of this year, SSS were up 3.6%, before growing again in Q2 by 4.1%. The monster streak continues. Any retailer should be envious of this track record, which highlights just how successful O'Reilly has been over a very long period, through various economic scenarios. Executives upgraded guidance, as they now believe SSS will climb 3% to 4.5% for the full year. It's easy to believe these gains will continue for the foreseeable future. O'Reilly benefits from a powerful and durable industry tailwind. The average age of passenger vehicles in the U.S. is now 12.8 years, according to data from S&P Global. This marked the eighth straight year of an increase, a trend that requires more maintenance spending on older vehicles, supporting demand for O'Reilly. With quarterly results like this, which do nothing but drive positive sentiment from investors, it's strikingly clear that O'Reilly's business is on extremely strong footing. That's a wonderful sign for shareholders. Management's capital allocation policy The company's bottom line performed better than the top line. During the quarter, diluted earnings per share increased by 11% year over year to $0.78. This is a very profitable enterprise, with a gross margin of 51.4% and an operating margin of 20.2% in Q2. And it generated free cash flow of $449 million in the period. This allows management to operate from a position of power. O'Reilly's key growth strategy involves opening new stores to further expand its physical footprint. It ended the second quarter with 6,483 locations, with a small presence in Canada and Mexico. The goal is to end 2025 having opened 200 to 210 net new stores in 2025. Investments are also made to bolster distribution and supply chain capabilities. Besides that, executives have done a remarkable job returning capital to shareholders. To be clear, this business doesn't pay a dividend. However, it has long utilized consistent share repurchases as a cornerstone of its capital allocation policy. From the start of the buyback program in 2011 to the end of 2024, the business reduced its diluted share count by an unbelievable 57%. Is O'Reilly's too expensive? O'Reilly's stock has performed so well in recent years because the company continues to report impressive financial results. The most recent data told the same story, indicating a healthy business in the face of ongoing economic uncertainty. This is a high-quality enterprise. While the stock should be on your radar, the valuation looks stretched. Shares can be bought at a price-to-earnings (P/E) ratio of 34.8. That's a 35% premium to industry peer AutoZone. And it means that O'Reilly is basically trading at its most expensive P/E multiple this century. Yes, this is an outstanding company, but I believe investors should consider waiting for a pullback before buying shares. Should you invest $1,000 in O'Reilly Automotive right now? Before you buy stock in O'Reilly Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and O'Reilly Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends S&P Global. The Motley Fool has a disclosure policy. What O'Reilly Automotive's Earnings Say About the Health of Its Business was originally published by The Motley Fool
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Asahi Kasei to Supply Hipore™ Lithium-Ion Battery Separator to Toyota Tsusho
Establishment of automotive battery supply chain partnership in North America TOKYO & NOVI, Mich. & DÜSSELDORF, Germany, July 31, 2025--(BUSINESS WIRE)--Diversified global manufacturer Asahi Kasei and Toyota Tsusho have established a strategic partnership for the supply of automotive lithium-ion battery (LIB) separator in North America. Their respective subsidiaries in the U.S., Asahi Kasei Battery Separator America, LLC (AKBSA) and Toyota Tsusho America, Inc. (TAI), have finalized a capacity rights agreement for AKBSA to supply Hipore™ wet-process LIB separator to TAI. The agreement entitles TAI to a preferential share of AKBSA's production capacity for Hipore™ LIB separator. Beginning in mid-2027, AKBSA will supply TAI with coated Hipore™ separator from its new coating facility currently under construction in Charlotte, North Carolina. This partnership allows Asahi Kasei to mitigate the risk of market fluctuations and effectively utilize resources by maintaining high rates of operation. Toyota Tsusho will benefit from a stable supply of LIB separator manufactured at the Charlotte plant as it promotes the establishment of an automotive battery supply chain in North America. By combining Asahi Kasei's strengths in functional materials and Toyota Tsusho's expertise in mobility, the partnership will accelerate the adoption of high-quality wet-process separator in the North American battery market and facilitate the manufacture of higher-performance electric vehicles. "This alliance fits perfectly with Asahi Kasei's global growth strategy to build and strengthen a supply chain in North America with our partners and to capture medium- to long-term growth opportunities in the electrified vehicle market," said Ryu Taniguchi, Lead Executive Officer of Asahi Kasei and responsible for the company's separator business. "As a supplier of high-quality LIB separator, in partnership with Toyota Tsusho we will build an ecosystem that supports electrification in North America and leads the way to a carbon-neutral future." Kazuyuki Urata, COO of Toyota Tsusho's Circular Economy Division, added, "This collaboration with Asahi Kasei is an important step toward the acceleration of electrification in North America and the realization of a sustainable mobility society. Toyota Tsusho will leverage its global network and expertise in the mobility field to build a highly reliable automotive LIB supply chain, thereby creating a foundation to support the spread of electrified vehicles and the reduction of their environmental impact." To support growing demand in North America, Asahi Kasei is currently advancing plans to establish a battery separator facility in Canada, as announced in May 2024. Asahi Kasei's separator business is positioned for Growth Potential in its medium-term management plan, with a focus on expanding Hipore™ wet-process separator in North America. Developing the Canadian facility alongside its U.S. plants will allow the company to continue building its presence within the growing battery ecosystem in North America. About Asahi KaseiThe Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber business, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 50,000 employees worldwide, the company contributes to sustainable society by providing solutions to the world's challenges through its three business sectors of Healthcare, Homes, and Material. For more information, visit Asahi Kasei is also dedicated to sustainability initiatives and is contributing to reaching a carbon neutral society by 2050. To learn more, visit About Toyota TsushoToyota Tsusho Corporation was founded in 1948 as the trading company for the Toyota Group. Today, Toyota Tsusho, with approximately 70,000 group employees in about 130 countries, strives to contribute to the creation of prosperous societies. Toyota Tsusho continues to expand as a global leader in vehicle exports and automobile production support. In addition to our long-cultivated mobility-related core business, we intend to accelerate growth investments for our next stage and elevate each of our businesses to a higher dimension, focusing on our seven priority domains: Next Mobility; Renewable Energy & Energy Management; Africa; Circular Economy; Batteries; Hydrogen & Alternative Fuels; and Economy of Life. View source version on Contacts North America Contact:Asahi Kasei America Europe Contact:Asahi Kasei Europe GmbHSebastian Sign in to access your portfolio
