GM, Ford Sales Spike and 4 Hot Stocks Making Rounds Today
Ford Motor Co. (NYSE:F) will likely reveal a new name for its luxury Lincoln brand today, and it will also begin an ad campaign featuring President Lincoln, The New York Times reports. Since it has been judged as not having “the cool factor” for so long, the Lincoln brand also is to be revamped with a “radically redesigned” Lincoln MKZ sedan early next year, according to the newspaper.
General Motors Corporation (NYSE:GM): Since the presidential election and Hurricane Sandy has passed, it seems as if car shoppers stormed dealer lots last month at their largest numbers since early 2008. On Monday, Chrysler, Ford, General Motors, Nissan, Hyundai, and Volkswagen all reported increasing auto sales for November. Furthermore, analysts predicted that the automakers sold over 1.1 million vehicles last month for a seasonally adjusted annual rate of approximately 15 million.
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Dish Network Corp. (NASDAQ:DISH): On December 2, the DISH Network’s Board of Directors declared a non-recurring dividend of $1.00 per share on outstanding Class A and Class B common stock. The dividend is to be payable in cash on December 28 to shareholders of record as of December 14.
International Business Machines Corp. (NYSE:IBM) refuses to discuss where it employees people geographically, so those who are trying to figure out what is going on with job numbers are forced to rely on sources and leaked documents. Last week, ComputerWorld claimed seeing a “document” showing that IBM has 112,000 employees in India, which has risen from only 6,000 in 2002, according to the news site.
Westport Innovations Inc. (NASDAQ:WPRT) intends to expand its product offerings as it reveals natural gas powered versions of the Ford F-450 and F-550 Super Duty trucks during mid-2013. The new product additions are to complement the already proven Westport WiNG System powered Ford F-250 and F-350 trucks.
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