Toyota EXPECTS Doubled Sales in China and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F) issued its third recall of itsnew 2013 Ford Escape, which went on sale in June, although industry analysts claim that the most recent recall will probably not significantly affect sales, reports The Detroit News. Ford stated that the SUV may have an improperly installed plug in the engine which could leak coolant and catch fire. The shares traded up $0.35 (3.66%) recently at $9.92.
Don’t Miss: Ford and GM Both SURGE in US and China.
General Motors Company (NYSE:GM) stated that its sales in China saw a 7.3 percent boost last month, reports China Daily. Chevrolet deliveries surged 15 percent during August, the publication added. The shares traded up $0.75 (3.45%) recently at $22.51.
Toyota Motor Corporation (NYSE:TM) executive VP Atsushi Niimi states that the automaker is attempting to double car sales in China to 1.8 million by 2015, Reuters states. The company sold nearly 900,000 cars in China last year. The shares traded up $1.80 (2.29%) recently at $80.24.
Honda Motor Co., Ltd. (NYSE:HMC) is to invest GBP267 million in its Swindon, U.K., plant, which supports the introduction of a new Civic, a new CR-V model, and a new 1.6-liter diesel engine, the Telegraph states. As part of the expansion, which is to double production at the plant by the end of the year to 183,000 cars and to 250,000 within the next three years, nearly 500 workers were recruited this year. The shares traded up $0.76 (2.42%) recently at $32.22.
A123 Systems, Inc. (NASDAQ:AONE) triggered the market short-sale rule on Wednesday morning after shares dropped lower than 10 percent of Tuesday’s closing price. The market trigger was created in 2010 by the SEC as a way to prevent aggressive short-selling, and is triggered when the price of a stock falls in trading over 10 percent from the previous day’s closing price. Currently, restrictions are in place to regulate short sales of AONE, which is a battery maker. The restriction gives precedence to long sellers over short sellers in the selling of their shares. The shares traded down $0.19 (8.81%) recently at $0.20.
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