Ford Motor Company (NYSE:F) will cut about 300 jobs at its Australian manufacturing plants and slash production by a third in June as it prepares to close its car lines in the nation in 2016. Daily production will fall to between 80 and 90 cars from 133 at present, Wes Sherwood, a spokesman for the Dearborn, Michigan-based automaker, said by phone. None of the models made in Australia will cease production early, he said. Ford Motor Company (NYSE:F) stock opened at $14.57 in last trading session, and closed at $14.85, trading in the range of $14.53 – $14.85. The stock showed a negative weekly performance of -2.62%.
General Motors Company (NYSE:GM) the world’s third largest automaker, has announced lower profits for the fourth quarter of 2013. While the company saw a 3-per-cent increase in revenue in the final three months of the year — $40.5 billion versus $39.3 billion in 2012 — the net profit before dividend was $1.04 billion, down from $1.19 billion in 2012. General Motors Company (NYSE:GM) shares closed at $35.23 on last trade day, by losing -0.03%. Stock 52 week range is $26.19 – $41.85. Company’s market capitalization is $48.93 billion.
No one is surprised that it’s cold in Philadelphia during February – but after this year’s unforgiving polar vortex, people can’t wait for winter to be over. Since the 2014 Philadelphia Auto Show will be crowded with attendees looking to get away from it all, Toyota Motor Corp (ADR) (NYSE:TM) is prepared to help them go places! Toyota Motor Corp (ADR) (NYSE:TM) stock advanced 0.26% and finished the last session at $115.96. The EPS of the stock remained 11.44. Company’s market capitalization is $183.74 billion.
In China, where higher prices mean prestige, luxury U.S. electric carmaker Tesla Motors Inc (NASDAQ:TSLA) is taking a bold step to win over clients and cachet by curbing the markup to just half of what some of its rivals can command. Though it risks relegating its brand to a lower tier, Tesla’s marketing strategy could prove a model for other imported brands, which have come under fire from China state media and regulators for allegedly ripping off shoppers with inflated prices. Tesla Motors Inc (NASDAQ:TSLA) stock opened at $176.30 in last trading session and closed at $178.38. The 52 week range of the stock is $33.80 – $194.50 and the day range was $176.00 – $180.11.
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