Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA), General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F)
Ford, GM Gain 3% as U.S. Auto Sales Surge, Tesla Falls (Barrons)
Shares of General Motors Company (NYSE:GM) have gained 3% to $35.16 today, while Ford Motor Company (NYSE:F) has risen 2.9% to $16.82, after U.S. auto sales surged last month. …The strength in the auto-sales data has done nothing for Tesla Motors Inc (NASDAQ:TSLA), however. Its shares have dropped 1.7% today to $166.00, its largest drop since falling 4.2% on August 14. Interestingly, its the seventh trading day in a row that its moved in the opposite direction of Ford, the longest such streak in at least a year.
GM India Recalls Over 4,000 Chevrolet Sail Diesel Models (GMAuthority)
General Motors Company (NYSE:GM) India has announced that it will recall 2,910 sedan and 1,090 hatchback units of the Chevrolet Sail equipped with a 1.3L diesel motor in the region. The problem stems from an issue with the crankshaft hub bolt, which can potentially affect the performance of the engine. GM India also recently recalled 114,000 Chevrolet Tavera sport-utility vehicles over faulty reporting of engine-emissions, resulting in one of the country’s largest auto recalls, and several firings.
Ford announce latest app additions to in-car AppLink system: TomTom join Spotify and others (TechDigest)
Ford Motor Company (NYSE:F) have taken this year’s IFA 2013 tech conference to reveal a number of new app additions to the company’s in-car AppLink system. AppLink (which connects a smartphone to Ford’s SYNC connected dashboard system) will welcome voice-activated versions of popular apps including navigation stalwarts TomTom and room booking service Hotels.com alongside already-announced partners such as music streaming service Spotify.
Tesla — How Da Ya Like Them Apples? (InvestorPlace)
I love it when critics, haters and those who would second-guess the successful vision of a CEO are proven wrong. Not that I don’t engage is this kind of criticism myself — I certainly do — but when it comes to a select group of companies, it seems like the vitriol is way out of proportion. Tesla Motors Inc (NASDAQ:TSLA) is one of the companies many in the financial press and in the blogosphere like to question. It’s also a company short sellers love to roll the dice on.
General Motors August Sales Climb 15 Percent As All Brands Post Strong Gains (AutomobileMag)
General Motors Company (NYSE:GM) reported its strongest monthly sales figure since September 2008 and its best monthly result this year, with sales up 14.7 percent year-over-year to 275,847 vehicles. In a positive sign, GM also said that retail sales rose 22 percent last month while fleet sales (often to rental-car companies) fell eight percent. And once again, the Chevrolet Silverado was the company’s top selling vehicle. …What it lacks in physical size and overall sales volume, the Chevrolet Spark more than made up for in terms of growth. The subcompact hatchback has enjoyed steady sales growth since it launched last year, and so far in 2013 the Spark has tallied 25,969 buyers.
Tesla’s blind spot? (CNBC)
Ford Recalling 370,000 Cars (HispanicBusiness)
Ford Motor Company (NYSE:F) is recalling 370,000 cars in the United States and Canada, including some police cruisers, for a steering issue, a federal watchdog said Tuesday. The National Highway Traffic Safety Administration said in a release posted on its website that Ford is recalling 355,000 of its Ford Crown Victoria, including Victoria Police Interceptor, Lincoln Town Car and Mercury Grand Marquis cars made from 2005 through 2011.
Tesla (TSLA) Active as GM’s (GM) Volt Shows Improving Sales Numbers (StreetInsider)
Tesla Motors Inc (NASDAQ:TSLA) is pulling back a little Wednesday following a nice upward move from the middle of August. Followers might have a little more reason to be positive on the company today as electric vehicle sales have become that much more commonplace. With its monthly report today, General Motors (NYSE: GM) disclosed that 3,351 Chevy Volt’s were delivered in August, up 18.4 percent over the prior year. YTD Volt deliveries are up 11.1 percent to 14,994 units.
GM sets sales record with joint venture in China (DetroitNews)
General Motors Company (NYSE:GM) said Wednesday that the company and its joint ventures sold a record 245,799 vehicles in August. Sales rose 11.2 percent from August 2012, the previous sales record for August. The Detroit-based automaker said Buick sales in August in China jumped 17.7 percent to 67,793 vehicles, setting a record for the month. Cadillac sales also soared 108.9 percent to 4,396 sales, as GM sold more than 2,000 XTS sedans and as SRX sales jumped by 49.4 percent. Cadillac’s sales also set an August record in China.
Ford EcoSport Limited Edition introduced (WorldCarFans)
Ford Motor Company (NYSE:F) Europe has announced a Limited Edition of the EcoSport which will be available in 500 units, with 120 cars allocated for UK buyers. The car was unveiled today at IFA 2013 and will come with Ford’s SYNC AppLink system that provides voice control of smartphone applications, along with leather trim, 17-inch alloys and several apps. In addition, customers will also benefit from 12 months of unlimited audio book downloads courtesy of Audioteka.
