Tesla Motors (NASDAQ:TSLA): Tesla shares are trading down and experiencing some heightened volatility on Monday after a Barron’s piece warned of “Bubble Trouble” as some analysts weakened their support for the electric vehicle maker. Also over the weekend, rumors swirled speculating on Tesla’s potential implementation of putting an all-wheel drive system – slated for the Model X SUV – into the Model S sedan as early as next year.
General Motors (NYSE:GM): GM will be rolling back its operations in South Korea amid rising labor costs and “militant unionism,” according to a report by Reuters. South Korean operations account for about one-fifth of the company’s annual global production, but the high cost of labor has only been made more unpalatable by the relative strength of the Korean won. Labor cost per vehicle in South Korea is estimated to be around 40 percent higher than the average for GM across its global operations this year.
Ford Motor Co. (NYSE:F): Ford is investing in tech-heavy redesigns to lure younger buyers to its struggling Lincoln brand, and in order to ensure that customers put their signature down, dealers will be trained on how to appeal to the “progressive luxury” buyers that the company is looking for to jumpstart the brand. An emphasis on training — combined with a redesigned product — could be the keys that Ford needs to turn Lincoln into a viable luxury brand.
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