GM’s Chevy LOSES Traction to Toyota, Ford Heats Up and 3 Auto Stocks Drive Tuesday
Ford Motor Co. (NYSE:F) set a passenger auto sales record for the third month in a row in June in the world’s most populated country, and comprehensive auto sales are up a bit during the first half of 2012, Ford reported on Monday.
General Motors Company (NYSE:GM) has watched its Chevy brand lose traction behind Toyota, and now says it will provide no-haggle pricing on 2012 Chevrolet vehicles in addition to a money-back guarantee on all new Chevys, according to a report from Bloomberg.
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Toyota Motor Corporation (NYSE:TM): Today Toyota reported the second round of winners of the Toyota 100 Cars for Good program, a national philanthropic program granting 100 autos to 100 nonprofits in 100 days. Winners will be chosen every day in that time via public voting on Facebook at 100carsforgood.com.
Honda Motor Co., Ltd. (NYSE:HMC) auto production and sales joint venture in China, Dongfeng Honda Automobile Co., Ltd, on Tuesday held an event to honor the beginning of production at its new second auto plant (in Wuhan, Hubei Province). Dignitaries, guests and representatives from the governments of area localities were in attendance, plus Xu Ping, CEO of Dongfeng Motor Corporation and Takanobu Ito, President & CEO of Honda Motor Co., Ltd.
Tesla Motors, Inc. (NASDAQ:TSLA) has to date delivered 10 of its Model S, all-electric sedans. Its standard Model S begins at approximately $50,000 and will begin shipping soon.
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