Toyota Forecasts 2013 Production and 3 Hot Stocks Seeing Action
Toyota Motor Co (NYSE:TM) announces its plans for sales and production during 2013. Worldwide sales are expected at 9.9 million vehicles, up just 2% over the 2012 forecast of 9.7 million. Japanese sales are expected to be 2 million (down 15% on 2012) while overseas sales are expected to rise 8% to 7.9 million. Japanese production in 2013 will fall to 40% of global production compared to 45% in 2012, possibly due to currency considerations.
SBA Communications Corporation (NASDAQ:SBAC) commenced its Brazilian operations by acquiring 800 wireless towers from a leading broadband wireless carrier in the country for R$362.8 million (approximately $178 million). The acquisition is expected to produce R$19 to R$23 million in Tower Cash Flow for the full calendar year 2013.
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Murphy Oil USA Inc, a subsidiary of Murphy Oil Corporation (NYSE:MUR), has agreed with Wal-Mart Stores, Inc (NYSE:WMT) to build over 200 new gas stations at existing Walmart supercenters, with construction expected to be completed over the next three years.
Leading Chinese Internet search provider Baidu (NASDAQ:BIDU) announces its development of a speech recognition application that can provide voiced answers to questions asked of it by its users as well as provide information on stocks, locations and weather. Analysts expect the application to steal a march over rivals due to its integration with Baidu’s massive database.
Don’t Miss: Toyota Projections Are Up Through 2013.