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Ford Motor Co. (NYSE:F) releases the pricing of its 2013 plug-in hybrid. With federal rebate, Ford C-Max Energi Plug-in will cost no more than $30000, which is less than a 2012 Prius. The shares traded down $0.07 (0.78%) recently at $8.8953.
General Motors Company (NYSE:GM) stated Wednesday that it will minimize the amount of people in charge of each individual vehicle development program from three to one. The shares traded up $0.20 (1.06%) recently at $19.00.
Toyota Motor Corporation (NYSE:TM) is the world’s top automaker for the first six months of 2012. Through the end of June, the Japanese car company sold more vehicles worldwide than giants like General Motors and Volkswagen. Toyota was unseated last year as the world’s largest carmaker following the slowing of its production due to the earthquake and tsunami in Japan. Last year, GM also claimed to be the largest automaker in the world with a total of 9.03 million vehicles sold worldwide, and Volkswagen came second with 8.16 million. However, Toyota only sold 7.98 million units last year. This year, Toyota has picked up the pace to be renamed the world’s largest automaker. Bloomberg reports that the Japanese company sold 4.97 million vehicles worldwide in June, which is a 34 percent increase compared to the first half of 2011. GM in the same period saw sales rise 2.9 percent to 4.67 million vehicles, and Volkswagen sales climbed 8.9 percent to 4.45 million. The shares traded up $1.48 (2.04%) recently at $73.99.
Honda Motor Co., Ltd. (NYSE:HMC): Thursday, the company stated that it has begun to produce the gasoline-electric Jazz subcompact car in Thailand, which includes eventual exports, and this expands hybrid output beyond Japan and the United States for the first time. The shares traded up $0.67 (2.20%) recently at $31.10.
Tesla Motors, Inc. (NASDAQ:TSLA): European car sales are worse than they’ve been in decade, and the industry could be forced to deal with the overstaffed, underused factories which have been pulling down earnings for years, according to the New York Times. I’ve never seen it this bad, claims Fiat (FIATY) CEO Sergio Marchionne. All the unresolved issues that have plagued the industry for years have come forward. The shares traded down $0.79 (2.73%) recently at $28.16.
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