These 4 Auto Makers Are Shifting Gears
Ford Motor Co. (NYSE:F) Americas chief Mark Fields says that June is having “solid sales,” reports Bloomberg. The shares closed Wednesday at $10.01 per share.
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General Motors Company (NYSE:GM): Premium automobile prices are dropping lower in China while manufacturers strain to meet volume goals, warns Morgan Stanley. Although this data is not confirmed, the price reductions could effect guidance cuts. The shares closed Wednesday at $19.85 per share.
Toyota Motor Corporation (NYSE:TM) is expected to provide a gas-electric hybrid version of the Avalon sedan by this fall, according to the Associated Press. The shares closed Wednesday at $76.30 per share.
Tesla Motors, Inc. (NASDAQ:TSLA): Several positive critical reviews for the Model S are streaming from Wall Street. Tesla’s price action has the large short interest held on the stock creating a major backdrop. The shares closed Wednesday at $31.61 per share.
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