Toyota REGAINS Top Automaker Crown and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F) announced a sticker price for its C-MAX Energi plug-in hybrid which is lower than the price of similar vehicles already on the market, including Chevrolet’s (NYSE:GM) Volt and Toyota’s (NYSE:TM) Prius plug-in, with federal tax credits and a California rebate accounted for, reports The Los Angeles Times. The shares traded down $0.07 (0.77%) recently at $8.99.
General Motors Company (NYSE:GM) wishes to expand in Myanmar but believes it may be too early to put staff or open a dealership in the location, according to its Southeast Asia president Martin Apfel, reports the Wall Street Journal. Concerns include issues such as whether or not there is a completely free press in the country. Also, U.S. companies must continue to do work to ensure the compliance with U.S. sanctions, he added. The shares traded down $0.13 (0.68%) recently at $18.89.
Toyota Motor Corporation (NYSE:TM) bounced back from safety recalls and natural disasters, and sold 4.97 million vehicles worldwide within the year’s first half to reclaim its crown as the top automaker from General Motors Co in the world. The shares traded down $0.21 (0.29%) recently at $72.77.
Honda Motor Co., Ltd.’s (NYSE:HMC) domestic output rose 112.6 percent on the year compared to June’s sales of 92,021 vehicles, according to the Nikkei. Exports increased 36.9 percent reaching 17,202 units, and domestic sales rose 93.4 percent to 75,002 units. The shares traded down $0.02 (0.07%) recently at $30.50.
Tesla Motors, Inc. (NASDAQ:TSLA) is currently scheduled to release its financial results for Q2, on Wednesday after market close. The shares traded down $0.68 (2.28%) recently at $29.16.
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