GM to Recruit 10K Computer Pros and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F) and General Motors shares have the tendency to trade in tandem, although GM needed a federal bailout, as Ford made it through the economic crisis easily without any taxpayer assistance. However, recently, investors have shown more faith in GM. GM shares have seen a 20 percent rise this year, as Ford’s have fallen 8 percent. The market capitalization for both companies is about $38 billion.
General Motors Company (NYSE:GM)has begun to move past layoffs and the Motor City’s rusty, low-tech image. It’s setting out on its own to develop software and invent the most advanced gizmos for your car. The nation’s biggest automaker plans to hire up to 10,000 computer professionals in the next three to five years as it tries to lead the auto industry with cutting-edge technology.
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Toyota Motor Corporation (NYSE:TM), USA announced the conduction of a safety recall that involves nearly 2.5 million vehicles to inspect and apply special fluorine grease to the driver’s side Power Window Master Switch, or PWMS. The driver’s side PWMS could have a sticky feel during operation. If commercially available lubricants are applied to the switch melting of the switch assembly or smoke may happen or it could cause a fire. The recall remedy is to involve an inspection, switch disassembly, and application of special fluorine grease. The switch inspection and repair is to be performed without charging the vehicle owner.
Honda Motor Co., Ltd. (NYSE:HMC) has begun a promotional offer with Clean Energy and U.S. dealers giving a $3,000 fuel card to anyone purchasing new 2012 Civic Natural Gas, according to the Detroit News. Additionally, they will be able to use the High Occupancy vehicle HOV lanes in California.
Tesla Motors, Inc. (NASDAQ:TSLA): With many looking toward hybrids due to gas prices, Electric cars like those built by Tesla may be attractive to more wealthy buyers, but Tesla is forced to deal with some legal problems that could slow down its sales. Automotive News reports that dealer networks and government regulators countrywide have started to question the sales techniques of Tesla, and have threatened legal action to stop the startup in many cases.
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