Toyota’s Dominance Under Attack, Take-Two Preps GTA V Online, and 3 More Hot Stocks
Toyota Motor Corp. (NYSE:TM): Toyota’s streak of having the No. 1 best-selling car in the U.S. — its Camry sedan — may be snapped next year. The company has a healthy enough lead to maintain the position this year (with no small help from incentives), though 2014 could be more challenging, Bloomberg reports. “Its margin has narrowed as Ford opened another Fusion assembly line, General Motors reworked the Malibu and Hyundai prepares an all-new Sonata.”
Take-Two Interactive Software (NASDAQ:TTWO): Take-Two’s Rockstar Games unit has provided details about Grand Theft Auto Online, the online world that will be made available to buyers of the latest update to the franchise next week. The game managed to pull in $1 billion in sales within the first three days. Grand Theft Auto Online will be free to GTA V buyers but will be monetized by means of virtual currency and goods purchases. “You don’t have to spend real money to attain the cars, guns, clothes, flash and style of a high-roller in [the fictional city of] Los Santos, but can if you wish to get them a little quicker,” Rockstar says.
T-Mobile US (NYSE:TMUS): On Wednesday at the Goldman Sachs Communacopia investor conference in New York, T-Mobile Chief Financial Officer Braxton Carter said that he expects the U.S. wireless market to consolidate further and gave his support to a potential deal between T-Mobile and Sprint Corp. (NYSE:S) Carter noted, however, that the regulatory environment in the U.S. is tough, as the U.S. government supports the current status in the wireless industry with four major carriers. He said that a deal between smaller carriers, such as T-Mobile US and Sprint, would be good for the industry and increase competition against the top two operators in the U.S., Verizon and AT&T.
Tesla Motors (NASDAQ:TSLA): Tesla’s Model S sedans will be added to Hertz’s (NYSE:HTZ) high-end rental fleets located at the Los Angeles and San Francisco airports. The vehicles will sit alongside the Ferraris and Lamborghinis that already participate in Hertz’s Dream Car rental program. Tesla’s discontinued Roadster sports car will also be available to rent.
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