Toyota Motor Corporation (NYSE:TM) stated that starting now, lease and retail customers that were affected by Sandy have the ability to get payment extensions and lease deferred payments. They are also able to have their bills redirected and arrange phone or on-line payments. “In addition, the company will announced a 90-day Deferred First Payment Program designed to assist consumers in the most impacted states with their transportation needs as they work through the recovery process,” Toyota stated.
Honda Motor Co., Ltd. (NYSE:HMC) and Nissan Motor Co. joined Toyota Motor Corp. in reporting a decline in China deliveries for a second month as Chinese consumers shun their cars following anti-Japan protests that have subsided. In China, Honda’s October sales declined 53.5 percent from the previous year to 24,115 units, according to a company email. This is worse than the 41 percent drop in September, when rioters smashed cars and torched dealerships in China amid demonstrations against Japan. Nissan stated that deliveries saw a 41 percent drop last month after reporting a 35 percent decline for September.
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Tesla Motors, Inc. (NASDAQ:TSLA): Electric cars have constantly faced a stigma unable to compete with the performance from a gas-powered car. Automobile Magazine agreed with this idea prior to test-driving the cars to determine their annual automobile of the year. In regards to the all-electric Tesla Model S, the publications stated “We weren’t expecting much from the Tesla other than some interesting dinner conversation as we considered “real” candidates like the Subaru BRZ and the Porsche Boxster.” This was a significant help in regards to the stigma. They even named the Tesla Model S the 2013 Automobile of the Year.
A123 Systems, Inc. (NASDAQ:AONE): John Thune and Chuck Grassley, who are two Republican Senators called on Treasury Secretary Timothy Geithner to conduct a thorough review of Wanxiang Group’s bid to purchase battery maker A123, Reuters reports. The senators stated that if Wanxiang is allowed to buy A123, the Chinese company has the ability to gain access to the company’s military contracts and possibly important grid storage technologies.