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Ford Motor Co. (NYSE:F) shares are Buy rated by Bank of America/Merrill, as uncertainty in Europe is expected to prolong the automaker’s weakness.
General Motors Company (NYSE:GM): June sales among U.S. automakers are projected to be at their highest level in five years, when the figures are posted next week. Consensus has the estimate at 13.9 million vehicles, which exceeds the May number of 13.7 million, and should be well above last June’s report.
Toyota Motor Corporation (NYSE:TM) and BMW will move up their cooperation projects to fields that include lightweight construction, fuel cells and electric drivetrains, according to a Dow Jones report.
Honda Motor Co., Ltd. (NYSE:HMC) will try a novel way to ease financial barriers new car buyers face, by offering free collision insurance to electric Fit buyers, says the Los Angeles Times.
A123 Systems’s (NASDAQ:AONE) cash balances continue to hemorrhage after the firm filed an amended S-3 on Thursday, detailing its financial situation. Wunderlich estimates that at the current pace, A123 will need $400 million more over the next 18 months just to stay afloat. The analyst restates its Sell rating along with a price target of 50 cents.
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