China: Ford Rides A Rocky Road as GM Generates Electric Mileage
Ford Motor Co. (NYSE:F): China Daily reports that China’s Vice Premier announced that China intends to change trade tariffs and give monetary incentive to raise imports. This will inevitably impact Ford. Shares of Ford were flat in the morning but finished the day higher over 1%.
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General Motors Company (NYSE:GM): According to the Detroit News, the 2013 Chevrolet Volt will raise its all-electric range from 25 miles to 38 miles. The new model will be the same price as the 2012 model, starting at $39,995. GM’s Opel unit also intends to sell 30K cars in China. This sales target is low, but it creates a channel for the European company that struggles to procure buyers on its own continent.
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