GM FACING South Korea Strikes and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F) outlined a plan for the introduction of a number of new vehicles in Europe over the next two years while it lowers losses and cuts risk in the economically troubled region. The auto maker stated that its new Fiesta compact and new Kuga compact sport-utility vehicle is to be made in Europe and will go on sale later this year. They are to be be followed by a minimum of two other new models which will probably be produced elsewhere and exported to Europe. The shares traded up $0.28 (2.87%) recently at $10.20.
Don’t Miss: Here’s Toyota’s Plan for the Future.
General Motors Company (NYSE:GM) faces more strikes in South Korea following the rejection by unions regarding the carmaker’s offer for improved pay and benefits, the Financial Times reports. GM Korea’s union will drop their tools for eight hours a day from Monday through Wednesday, and 12 hours on Thursday. The shares traded up $0.76 (3.39%) recently at $23.21.
Toyota Motor Corporation (NYSE:TM), which is the official car of the Chicago Bears, will launch a season-long promotion during the weekend, with one lucky fan winning new 2013 Toyota Camry. “The Chicago Bears Toyota Giveaway” begins this Sunday, September 9 when Chicago is to host the Indianapolis Colts. The shares traded up $1.20 (1.49%) recently at $81.52.
Honda Motor Co., Ltd. (NYSE:HMC): In India, Honda Motor Co. has sold more of its motorcycles and scooters, as it gains on its former partner Hero MotoCorp, states Bloomberg. Shipments of the local unit of Honda saw a boost of 49 percent during the five months through August 30 from the previous year, versus a 1.8 percent rise in deliveries at Hero, which is India’s largest motorcycle maker. The shares traded up $0.94 (2.92%) recently at $33.17.
A123 Systems, Inc. (NASDAQ:AONE): Last month, China’s Wanxiang Group signed an agreement to invest up to $465 million in A123 Systems (NASDAQ:AONE) Inc., which is a U.S. maker of rechargeable automobile batteries. The shares traded down $0.002 (0.95%) recently at $0.198.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>