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General Motors Company (NYSE:GM): According to Bloomberg, General Motors Company’s (NYSE:GM), Chief Executive Officer, Dan Akerson, plans to re-organize the firm’s structure as one built on global functions and not just a regional authority.
Toyota Motor Corporation (NYSE:TM): Toyota and Honda are both doing well in Canada as well as around the world. Toyota brand sales in Canada were up 26.2% so far this year, while the company’s Lexus luxury arm is up 9.6 %. Honda sales have increased 23.7% , in 2012 and the Acura side, has jumped 16.4%.
Honda Motor Co., Ltd. (NYSE:HMC): Following more than $220 million in investments in two Ohio plants over the past two years, Honda Motor Co., Ltd. began mass production of new engines and transmissions for their upcoming 2013 Accord sedan.
A123 Systems, Inc. (NASDAQ:AONE): A123 Systems announced an agreement with Wanxiang Group Corporation, which follows the non-binding memorandum of understanding that A123 signed with Wanxiang on August 8. Under the terms of the agreements, Wanxiang plans to invest up to $465 million in A123, which includes an initial credit extension of $25 million that A123 expects to receive this week. Pursuant to the terms of this, Wanxiang will provide A123 with up to $75 million in initial debt financing under a Senior Secured Bridge Facility. In addition to the initial credit extension of $25 million, $50 million will be funded after the satisfaction of certain closing conditions. Then, Wanxiang will purchase a $200 million aggregate principal amount of A123′s 8.00% Senior Secured Convertible Notes. The agreements also include the potential for Wanxiang to invest up to an additional $190 million by exercising the issued warrants that are connected with the Bridge Facility and the 8.00% Convertible Notes for cash.
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