Honda to Break Ground in Huntsville and 4 Auto Stocks Making Headlines
Ford Motor Co. (NYSE:F) CFO Bob Shanks claims that the industry continues to have excess capacity in Europe. He adds that Ford’s European days supply remains in “good shape.” These comments were taken from a presentation at Citi Global Industrials Conference.
Don’t Miss: AutoZone’s Quarterly Sales Stall.
General Motors Company (NYSE:GM): The Canadian Auto Workers has gotten a counterproposal in regards to its possible contract agreement with GM, according to the Detroit News. The union should respond with its own counteroffer later today.
Toyota Motor Corporation (NYSE:TM) intends to break ground Tuesday as it begins its 300,000-square-foot V6 engine expansion project at its Huntsville plant. Jim Bolte, who is the president of Toyota Motor Manufacturing Alabama; U.S. Representative Mo Brooks, Republican Huntsville; Huntsville Mayor Tommy Battle, and Madison County Commission Chairman Mike Gillespie will speak at the event. In may, Governor Robert Bentley stated that the expansion indicates an addition of 125 new jobs at the plant, which raises the amount of employees to 1,150.
Honda Motor Co., Ltd. (NYSE:HMC): For the most part, Good-deed advertising a hard sell, but the automaker secretly booked underground indie band, Monsters Calling Home, for Jimmy Kimmel Live to thank the band for filming their music videos inside of Hondas.
Tesla Motors, Inc. (NASDAQ:TSLA) may be reaching the mass market starting in 2015. Elon Musk told Wired that he has intention to make an SUV in the same class as BMW’s X3, and but it will have a price of about $30,000 (after subsidies).
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