Toyota Pushes Hydrogen, Tesla Opens Chinese Reservations, and 3 More Hot Stocks
Toyota Motor Corp. (NYSE:TM): Toyota has given a demonstration of its new hydrogen fuel cell vehicle in Japan, a technology that Toyota is putting a lot of money into as it preps for a consumer-friendly launch as early as next year. According to Bloomberg, the car on display “showed quick acceleration and sharp handling, [and] will arrive in the U.S., Japan and Europe as early as next year as a 2015 model.” Toyota’s plans also show how far down the prices of these vehicles have come — prototype fuel cell cars cost $1 million or more in the mid-2000s.
Tesla Motors (NASDAQ:TSLA): While China has been a superb market for Cadillac, Tesla is hoping for a piece of the action. The company, via a Chinese microblogging site, revealed that it is now accepting reservations for its Model S luxury sedan. This is despite Tesla’s lack of a local partner in the region, adding to the already tricky sales climate that the California EV maker faces due to demands made by the Chinese government.
Yum Brands Inc. (NYSE:YUM): Yum Brands director Robert Walter revealed that he bought 20,000 shares at a price of $66.09 this week following the company’s share price hiccup on the back of a soft Chinese sales report, according to Yum’s filing to the Securities and Exchange Commission.
Coca-Cola Co. (NYSE:KO): Coca-Cola will be unveiling a cranberry-flavored edition of its Sprite soda, which will be “available for a limited time through the holidays.” There will also be a Sprite Zero Cranberry version offered. BevNet notes that this will be Coke’s first special edition Sprite since Sprite Remix, which debuted in 2005.
The Home Depot (NYSE:HD): It appears that Sony (NYSE:SNE) has found a valuable partner for the U.S. distribution of its PlayStation 4, and gaming blogs are lighting up over the hardware chain’s decision to apparently carry the console in its stores. Though this is still deep in rumor territory, Seeking Alpha points out that Home Depot does indeed have an existing alliance with electronics giant Sony.