3 Auto Stocks Going Places: Tesla’s Samsung Talks, Honda’s Bond Plans, GM’s Employee Discounts
Tesla Motors (NASDAQ:TSLA): While shares are making a modest recovery from the recent selloffs, Tesla is reportedly in discussions with Samsung (SSNLF.PK) about potentially using battery technology courtesy of the Korean electronics giant. Samsung could play an instrumental role in Tesla’s expansion plans as it scales up its production and the introduction of new models. Spokeswoman Liz Jarvis-Shean confirmed to Reuters that the two firms were in discussions but noted that Tesla was in talks with other battery suppliers, as well.
Honda Motor Co. (NYSE:HMC): Honda may be floating $2.75 billion worth of U.S. dollar-denominated bonds in three parts as soon as Friday, sources told The Detroit News. Honda’s finance division could release $1.75 billion of three-year debt, made up of $1 billion of fixed-rate notes yielding 65 basis points more than similar-maturity Treasuries, as well as $750 million of floating-rate securities paying 50 basis points more than the three-month London interbank offered rate, the sources said.
General Motors Co. (NYSE:GM): General Motors has launched a new employee discount strategy that aims to simplify the pricing discounts that its employees and retirees receive when buying the U.S. automaker’s products. ”We took a really complicated program, dramatically simplified it and we expanded the eligibility to more family members in direct response to employee and dealer feedback,” GM spokesman Jim Cain said to Reuters. “At the end of the day, it’s designed to drive sales.”
Investing Insights: Will Recent News Hold Tesla Motors Back?