Toyota Camry REGAINS Top Spot and 4 Auto Stocks Drive Forward
Ford Motor Co. (NYSE:F): The Canadian Auto Workers union stated that it has not made progress with GM (NYSE:GM), Ford, and Chrysler (FIATY) with only a week until the expiration of collective agreement, according to the Detroit News. The union states that all three companies are calling for dramatic changes to the contract, and sources state that the automakers began to ramp up production to boost inventories last week before a possible strike.
General Motors Company (NYSE:GM): Reuters’ estimates of the current loss per unit for each Volt that was sold is grossly wrong, partially due to the reporters allocated product development costs across the amount of Volts sold instead of allocating across the lifetime volume of the program, which is the manner in which business operates. The Reuters’ numbers are more wrong with each Volt sold. Also, core research into battery cells, battery packs, controls, electric motors, regenerative braking, and other technologies possesses applications crossing several current and future products, which will assist in the spread of costs over a much higher volume, thereby lowering manufacturing and purchasing costs. Eventually, this will lead to profitability for the Volt and future electrified vehicles. Every investment in technology made by GM is designed to have a payoff for our customers, to meet future regulatory requirements, and to add to the bottom line. The Volt is no different, even if it takes longer to become profitable.
Toyota Motor Corporation (NYSE:TM): Following three years filled with recalls, limited supply, and a much needed redesign, the Toyota Camry is now the top selling vehicle in the U.S. Experian Automotive analyzed new vehicle registrations during this year’s first half and found 209,000 new Toyota Camry’s in the U.S. versus 202,000 Ford F-150 pick-up trucks. Last year, Experian listed the F-150 as number one ahead of the Camry.
Tesla Motors, Inc. (NASDAQ:TSLA): During the Fall, the market for mid-sized family cars should be especially competitive, with appealing new versions of the Ford Fusion, Chevrolet Malibu, Honda Accord and Nissan Altima. New makes and models are also entering the fray, including Tesla Motors, which is releasing its Model S electric sedan.
A123 Systems, Inc. (NASDAQ:AONE): A sudden boost in price caused a single stock circuit breaker for shares of lithium ion battery manufacturer A123 Systemson Monday. The shares were trading at 23 cents when they more than doubled in price to 51 cents at 1:33 p.m. Eastern. The shares continued trading at 1:38 p.m. Eastern, and were recently up 19 percent at 23 cents. Friday, the stock closed at 20 cents.
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