Ford Celebrates Profitable Quarter and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F): Current price $13.08
In spite of struggles in Europe, Ford Motor Co. said that their fourth-quarter profit was $1.7 billion before taxes, the most in the fourth quarter for more than a decade. This marked Ford’s 14th consecutive profitable quarter.
General Motors Company (NYSE:GM): Current price $28.40
With regards to their automotive business, General Motors Company’s Chief Executive Officer said they gained market share and expects more of the same in 2013. The 2012 sales rate for light vehicles represents the best quarter since the first quarter of 2008, the CEO added. “We are now back to roughly the 15 million unit level for sales in the US.”
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Toyota Motor Corporation (NYSE:TM): Current price $95.69
Toyota plans to unveil an all-new Tundra full-sized pickup at the Chicago Auto Show next month. Though the large Japanese automaker won’t provide any details, the third-generation Tundra will go on sale this spring and will join the Chevy Silverado, GMC Sierra, and Ram pickups as all-new vehicles in the competitive truck segment.
Honda Motor Co., Ltd. (NYSE:HMC): Current price $38.01
Unlike other motorcycle manufacturers which have happily announced sales increases in 2012 over previous years, red giant Honda Motor Co., Ltd. has 5% less.
Tesla Motors, Inc. (NASDAQ:TSLA): Current price $37.87
Tesla Motors, Inc.’s Elon Musk, who is also the Chief Executive Officer of a space transport company SpaceX, told Reuters in an email late on Monday that SpaceX battery packs could be helpful for Boeing.
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