Ford EXPECTS 8% Manufacturing Cost Cut by Mid-Decade and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F): By the middle of the decade, Ford expects to cut their manufacturing investment cost 8% annually by building vehicles in the same manner. However, each factory will produce more distinct types of vehicles. Their shares traded up $0.18 (1.97%), they were recently at $9.33.
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General Motors Company (NYSE:GM): Dutch sportscar maker Spyker NV (SPYKR.AS), is suing General Motors Company for over $3 billion on behalf of Saab, their subsidiary. Spyker is accusing the U.S. automaker of deliberately bankrupting the Swedish group by blocking a deal with a Chinese investor. Their shares traded up $0.53 (2.67%), they were recently at $20.38.
Toyota Motor Corporation (NYSE:TM): Ford Motor Corporation (NYSE:F) once again raised the hybrid fuel economy bar with the all-new Ford C-MAX Hybrid, which is now officially EPA certified at 47 mpg city, 47 mpg highway and 47 mpg combined. The certification is significant because it makes C-MAX Hybrid the first hybrid vehicle to offer 47 mpg across the board. This beats the Toyota Motor Corporation’s (NYSE:TM) Prius V by up to 7 mpg. C-MAX Hybrid launches this fall as part of Ford’s power of choice strategy, which is to deliver leading fuel economy while tripling their electric vehicle production by 2013. Unlike conventional vehicles, hybrids traditionally have been more economical in city driving than on the highway. Toyota’s shares traded up $1.12 (1.39%), they were recently at $81.87.
Honda Motor Co., Ltd. (NYSE:HMC): Honda Motor Co (NYSE:HMC) posted strong first quarter results as production of vehicles, and sales reached pre-quake levels. Total revenues for the quarter jumped 42% to 2,436 billion yen, or $31.2 billion, while operating income for the quarter stood at 176 billion yen. Honda forecasts their operating income to climb 168% to 620 billion yen. Their shares traded up $0.52 (1.64%), they were recently at $32.25.
Tesla Motors, Inc. (NASDAQ:TSLA): Leading vendors dominating the United States electric vehicle market, include, Nissan Motors, General Motors (NYSE:GM), Tesla Motors, Inc., Fisker Automotive, and Smith Electric Vehicles. Tesla’s shares traded up $1.97 (6.97%), they were recently at $30.24.
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