2 Huge Auto Stocks Making Headlines Now
General Motors Company (NYSE:GM): Current Price: $28.42
Last month, the company and its joint ventures sold over 300,000 vehicles in a single month for the first time ever in China. January sales reached 310,765 units, which is a 26 percent rise from the same month in 2012 and 15.9 percent higher than the previous all-time monthly high of 268,035 units during January 2011.
Toyota Motor Corporation (NYSE:TM): Current Price: $98.49
The company has increased its FY13 revenue outlook to 21.8 trillion yen from 21.3 trillion yen. Toyota decided to revise its consolidated vehicles sales forecast for fiscal year 2013 from 8.75 million units to 8.85 million units, which is a rise of 100,000 units from the previous forecast that was announced in November 2012, resulting from the increased overseas vehicle sales, mainly in North America. The company stated, “Given increased overseas vehicle sales mostly in North America, progress in our company-wide profit improvement activities and the slight weakening of the yen, we have revised upwardly our consolidated forecast for the current fiscal year to 1.15 trillion yen and also forecast a full-year profit on an unconsolidated basis, our first in five years.”
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