3 Auto Stocks Going Places: Ford Checks In, GM Sets Escalade Debut Date, and Toyota’s Tundra Gains a Fan
Ford Motor Co. (NYSE:F): Ford is anticipating capital spending to surge by 25 percent by mid-decade to $7.5 billion as it continues to work to meet increased global demand. Chief Financial Officer Bob Shanks has also mentioned the possibility that the automaker will increase its dividend payout rate during the same time frame as the company reiterated its previous earnings guidance at the JPMorgan Auto conference.
General Motors Co. (NYSE:GM): Cadillac’s next Escalade luxury SUV will be introduced October 7 in New York. The new model is expected to have gone under the same treatment that the rest of the Caddy line has been subjected to — that is, complete redesigns from the ground up. The new model is set to hit dealer lots next spring.
Toyota Motor Corp. (NYSE:TM): While it received a rather lukewarm review from Autoblog, Toyota’s new Tundra slated for next year got a warm reception from the car folks at USA Today. The interior quality — once a point of contention — has been redone, while the styling as a whole has been made bolder. “Some will like it, others won’t,” James Healey says. The new Tundra started its production in San Antonio earlier this month; it’ll hit showrooms by the end of the month.
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