Tesla Plans to Sell 8M Shares and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F): Cellulose joins the growing list of sustainable materials originating from unlikely sources that could soon be used in Ford Motor Co.’s vehicle components and help further reduce the automaker’s reliance on traditional content such as fiberglass and petroleum.
General Motors Company (NYSE:GM): According to The Detroit News, General Motors Company’s European arm and their partners Peugeot (PEUGY), Ford Europe (NYSE:F), Chrysler and Fiat (FIATY), may lose a combined $4 billion this year.
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Toyota Motor Corporation (NYSE:TM): According to The New York Times, Auto executives are starting to believe that European auto sales may not return to 2007 levels for many years.
Honda Motor Co., Ltd. (NYSE:HMC): Welcomes the 2013 Honda Fit EV to the electric vehicle marketplace. The automobile boasts a world-leading energy efficiency of 29kWh per 100 miles and gasoline miles per gallon equivalent of 118 MPGe (combined city/highway, adjusted). The Fit EV is capable of delivering an EPA-certified, unadjusted driving range of 132 miles on a single charge. The adjusted combined city/highway EV range posted on the new fuel economy label is 82 miles, ideal for urban driving and medium-range commuting.
Tesla Motors, Inc. (NASDAQ:TSLA): Tesla Motors, Inc. said that they plan on selling as many as 8 million shares for about $28.25. This will help to raise as much as $225 million so that a cash squeeze, amid production delays, can be averted.