GM Tackles CUV Segment and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F): Current Price: $13.84
The company now has been able to restart production at its factory located in Genk, Belgium after experiencing a blockade by workers regarding the intentions to close the site. The blockade has now ended. “We are pleased to be building and shipping vehicles again and are working to get the factory quickly up to full production,” stated Adrian Schmitz, who is a spokesman for Ford’s European operations in Cologne, Germany.
General Motors Company (NYSE:GM): Current Price: $28.63
A new breed of small SUV, called CUVs or compact crossovers, has begun to make its mark.This is a new product segment for Buick and although it is small, it should attract new buyers to the company during a time when GM’s chairman predicts that there will be a gain in U.S. market share. Last year, GM’s U.S. share saw a decline to 17.9 percent, dropping from 19.6 percent. According to financial analysts, it is necessary for GM to stem share loss in the U.S. and to prove it was able to regain stability after its bankruptcy in 2009.
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Toyota Motor Corporation (NYSE:TM): Current Price: $94.41
Toyota Motor Corp. is the largest carmaker in the world and it gained about 1.75 billion euros, or $2.3 billion, from its first bond sale in the currency since 2009. The company has offered securities that are due August 2017 and February 2023, according to the data compiled by Bloomberg, and it is coming at a time when borrowing costs for car makers are staying near an 18-month low. Yields on auto debt have decreased 21 basis points since the beginning of December to 68 basis points over he benchmark swap rate, according to Bank of America Merrill Lynch’s Euro Auto Group Index.
Honda Motor Co., Ltd. (NYSE:HMC): Current Price: $37.29
The Toyota Prius took the title of bestselling vehicle in California, which has been held by the Honda Civic for two years. However, the margin was slight as Toyota sold 60,688 of the hybrid last year and Honda sold 57,124 Civics.
Tesla Motors, Inc. (NASDAQ:TSLA): Current Price: $35.95
So far, Tesla has released the Roadster and the Model S sedan. Now, Tesla Motor Company has announced it intentions to produce yet another model which will be a crossover. This will be called the Model X and it is to be the first model from the electric car company that will feature optional all-wheel drive due to two drive units, one for each axle.
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