Tesla Motors (TSLA), General Motors (GM), Ford Motor (NYSE:F) and Toyota Motor (TM) are the Automakers Stocks in Spotlight
With the launch of 23 brand new vehicles that will create 11,000 new vacancies for jobs in Asia and the US in the year 2014, Ford Motor Company (NYSE:F) is set to have the biggest launch in the company’s history that spans over a century. Ford Motor Company (NYSE:F) is going to hire over 5,000 new employees in the US alone; out of this number 3,300 positions will be salaried. Around 6,000 new employees will be hired in Asia. Shares of Ford Motor Company (NYSE:F) opened up at $16.36; the stock went up as high as $16.46 during the trading session and closed at $16.39 after dipping down by -0.12%. Ford stock had a -2.09% weekly performance.
PSA Peugeot Citroën’s entire stake is being sold off by General Motors Company (NYSE:GM); this step by GM will put even more pressure on PSA to find an investor from its Chinese partner. Shares of General Motors Company (NYSE:GM) closed at a value of $40.05 yesterday. Institutional ownership of the stock is 69.70% and its insider ownership is 18.10%. Share capital of General Motors Company (NYSE:GM) contains outstanding shares of 1.39 billion out of which 919.19 million are being floated in the market.
Altona based factory of Toyota Motor Corp (ADR) (NYSE:TM) on Melbourne outskirts will be the only auto manufacturers left in Australia after General Motors Co. shuts down two of its Australian plants in the year 2017. Shares of Toyota Motor Corp (ADR) (NYSE:TM) traded at an average volume share of 403,648.00. Toyota’s shares opened at a value of $120.65 and went up as high as $120.99; the shares closed at $120.34.
In its efforts to build an effective nation-wide electric cars network, Tesla Motors Inc (NASDAQ:TSLA) opened two new charging station that are based in Northern Indiana. According to the report by South Bend Tribune, these two stations for Model S opened on Wednesday; one in Mishawaka and the second in Angola. According to the Tesla, a 20 minute battery charging at these stations will allow the electric car to travel 150 miles. Shares of Tesla Motors Inc (NASDAQ:TSLA) opened at a value of $139.70; the stock went up as high as $148.24 during its trading session and closed at a value of $147.47 after going up by 5.60%. Weekly performance of Tesla Motors Inc (NASDAQ:TSLA) shares was 4.98%.