GM to Upgrade Kansas Plant and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F): Current price $13.71
According to First Call, Ford Motor Co. is expected to report fourth quarter earnings on Tuesday, January 29 before the market opens with a conference call scheduled for 9:00 am ET. Analysts are looking for earnings per share of 26c on revenue of $32.96 billion.
General Motors Company (NYSE:GM): Current price $28.86
General Motors Company is going to spend $600 million on the Kansas City, Kansas plant where they build some of their most important midsize sedans. GM announced today that the upgrades to the Fairfax Assembly and Stamping Plant, as it is known, will include a new 450,000 square-foot paint shop, a new stamping press and other improvements. The Chevrolet Malibu and Buick LaCrosse are built at that plant.
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Toyota Motor Corporation (NYSE:TM): Current price $95.06
Toyota Motor Corporation is recalling sixteen models from the 2009 to 2013 model years over a potential issue with passenger seat airbag calibration. In spite of the large number of different Toyotas covered by the recall, just 3,235 units are included. These were vehicles installed with accessories like leather seat covers and headrest DVD systems by Southeast Toyota Distributors and during the modifications, the passenger seat occupant sensor system might not have been calibration tested. If the sensors are not set up properly, the passenger airbag might not work as it should.
Honda Motor Co., Ltd. (NYSE:HMC): Current price $37.45
According to the Nikkei, Honda Motor Co., Ltd. is planning to procure from overseas most of the components in the 400cc motorcycle engine which will power a sports bike slated to make its debut domestically in June or July. Honda previously used mainly Japanese-made components for 400cc engines.
Tesla Motors, Inc. (NASDAQ:TSLA): Current price $38.26
After dropping a 12.371 quarter mile this past weekend at the Palm Beach International Raceway in Florida (@ 110.84 MPH), the National Electric Drag Racing Association awarded the Tesla Model S its stamp of officiation for being “the quickest production vehicle” in quarter mile tests. We already knew the Tesla Model S was fast, but not this fast.
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