General Motors SPIKES 1% and 2 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F) anticipates selling five-year notes as early as today, according to Bloomberg and a source familiar with the deal. Ford might pay a spread over 100 basis points less than the premium on the final sale of five-year notes in January.
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General Motors Company (NYSE:GM) and other auto industry players would be hurt by a quick sale of government shares in GM, the Detroit News is reporting Senator Carl Levin of Michigan as saying. Mitt Romney told the newspaper last week that he would sell the government’s outstanding 26.5% stake in the auto company. Levin, however, says he does not believe GM wants to witness a quick sale of around 500M shares of stock by the Treasury.
Toyota Motor Corporation (NYSE:TM) is working on developing and marketing an ultracompact two-seat electric car to sell in Japan, to be sold for fewer than Y1M, according Nikkei.
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