Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA), General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), Nissan Motor Co., Ltd. (ADR) (OTCMKTS:NSANY), Facebook Inc (NASDAQ:FB)
Tesla Slips As Musk Says Short Sellers Slightly Less Crazy Than Before (Barrons)
Shares of Tesla Motors Inc (NASDAQ:TSLA) were down about 0.3% at recent check; the stock was also down after hours yesterday, when Elon Musk told Fox Business News that short sellers are “not as crazy” to bet against the stock as they were in the past, given its recent rally. From the interview: “In the past I said it’s really crazy to short Tesla. Is it so crazy to short Tesla right now? I mean it’s not as crazy but I still think it’s probably not a good idea.”
GM claims most powerful pickup crown (FoxNews)
Maybe they should call it the Silverado Stingray. General Motors Company (NYSE:GM) is claiming the light-duty pickup truck power crown for the upcoming 6.2-liter V8-powered Chevrolet Silverado and its GMC Sierra twin. Available in top trim levels of the trucks, the all-new 6.2-liter V8 is based on the one in the 2014 Chevrolet Corvette Stingray and officially rated at 420 hp and 460 lb-ft of torque. The top motors from rivals Ram and Ford Motor Company (NYSE:F) put out 395 hp and 411 hp, respectively, and both offer less torque than the GM engine.
Ford’s US sales and marketing chief to retire as company announces management shifts (WinnipegFreePress)
Ford Motor Company (NYSE:F)‘s marketing and sales chief in the U.S. is retiring as of Nov. 1. Ken Czubay, 64, will be replaced by John Felice, who will be vice-president of U.S. marketing, sales and service. The company also named Barb Samardzich as chief operating officer at Ford of Europe. Czubay will retire after a 43-year career in the automotive business. He started at Ford in 1970, but left the company in 1983 to work at Nissan Motor Co., Ltd. (ADR) (OTCMKTS:NSANY) and Southeast Toyota Distributors. He returned to Ford in 2008 to head U.S. marketing and sales, as well as dealer and service operations, Ford said in a statement Friday.
Having Started In California, For Tesla It’s Europe Here We Come (HybridCars)
At the ongoing international auto show in Frankfurt, Germany, Tesla Motors Inc (NASDAQ:TSLA) is displaying its Model S confident that it can carve out a healthy place for itself within the entrenched marketplace. Germany is a bastion for Mercedes-Benz, BMW, Audi, and other brands, but in a new take on the old folk song refrain, California here I come, Tesla is beginning there, and intent on planting a flag in Europe having opened stores in Frankfurt, Dusseldorf, Hamburg and Munich with plans pending for Berlin and Stuttgart.
GM Was Wrong About Facebook Ads (BestTechie)
Remember when General Motors Company (NYSE:GM) said that Facebook Inc (NASDAQ:FB) ads don’t pay off and pulled all its ads off of the social media site? Well, it seems most companies would disagree with their philosophy. According to a survey conducted by AdAge last month, about 74% of the 1,200 respondents said their Facebook budgets now include outlays on Facebook ads, up from 62% in January 2012. The reason for the increase? Facebook ads work. According to the survey, which was done in conjunction with RBC Capital Markets in August, 43% of respondents reported that their ROI on Facebook had “dramatically” or “somewhat” improved during the last six months and ranked Facebook a close second to Google in order of importance among online advertising sites.
GM is thinking big (CNBC)
Elon Musk: Shorting Tesla (TSLA) Still Not Good Idea (Cabot)
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk told Fox News late Thursday it was “not as crazy” to short the electric automaker now as it was earlier. But he added that shorting the stock is still not a good idea. The stock has risen 483.2% since the start of the year, helped by its first profitable quarter in Q1 after being in business for a decade. But as Tesla’s stock heated up, so did interest in shorting the volatile stock. In August, DoubleLine Capital’s Jeffrey Gundlach told The Street he was “scared to death” to short Tesla Motors Inc (NASDAQ:TSLA) and said: “It’s a cultish stock and who knows where it goes?”
GM Unveils 2015 Full-Size SUV Family (CarBuzz)
General Motors Company (NYSE:GM) is aiming to cash in on the increased demand for full-sized trucks with its all-new Chevy Tahoe and Suburban models as well as the GMC Yukon, Yukon XL and Yukon Denali. More refined, efficient and with improved aerodynamics and connectivity, the new generation of big daddy SUVs is built on stronger platforms with a wider rear track, and motivated by a stock 5.3-liter V8 EcoTec3 powerplant rated at 355 hp and 383 lb-ft of torque, paired to a six-speed automatic transmission.The Yukon Denali is the exception, receiving a 420-hp 6.2-liter V8 up front.
Ford’s India unit to recall more Figo, Classic cars (AutoNews)
Ford Motor Company (NYSE:F)’s India unit said today it was extending its voluntary recall of Figo and Classic cars for remaining batches to look into potential problems with their rear twist beam and the power steering hose. About 166,000 vehicles are involved, The Wall Street Journal reported. The company had first announced in August last year the recall of some Figo and Classic cars. It, however, did not disclose the number of vehicles affected by the move. “This is to ensure the safety and satisfaction of our customers by inspecting and replacing any potentially affected parts as required,” Ford’s India unit said in a statement.
Ford gives glimpse of all-new S-Max (BT)
Ford gave a clear indication of what its new S-Max will look like with a concept car at the Frankfurt Motor Show. The S-Max Concept features a similar front grille to the current Fiesta, while the front bonnet slopes to meet the windscreen in a seamless line. “S-Max drivers are passionate and have high expectations – they see their S-Max as a one-of-a-kind vehicle,” said Martin Smith, executive design director, Ford Motor Company (NYSE:F) of Europe. “Our mission was to exceed their expectations in every area while respecting the core of what they love about the S-Max.”
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