Auto Stocks Driving Headlines
General Motors Company (NYSE:GM): It looks like General Motors is switching gears and revving up for its next big financial investment, a $380M expansion of its Wentzville, MO, assembly plant, the Detroit News reports. With the 500,000-square-foot expansion that began earlier this week, the automobile giant is continuing its foray into the mid-size pickup truck market. The development is expected to retain or create about 1,260 jobs, though the exact timetable for the construction remains unknown.
Tesla Motors, Inc. (NASDAQ:TSLA): Deciding to help consumers make that step toward going green sooner rather than later, Tesla Motors will begin delivering its Model S, the world’s first premium electric sedan, to customers on June 22 instead of the July timeframe originally communicated. The first vehicles will be picked up by customers at an invitation-only event at the Tesla Factory in Fremont, Calif. The company announced it would begin deliveries ahead of schedule in its Q1 financial results reported earlier this month.
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