Tesla Motors Inc (NASDAQ:TSLA) is now allowed to keep its dealerships in the state of New York. Owing to an agreement between Tesla and New York Gov. Andrew Cuomo, the company can retain its five direct-to-consumer retail stores provided it does not open any new store. The agreement, according to Tesla and Gov. Cuomo, will be beneficial to the consumers, Tesla and the franchised dealerships. Tesla Motors Inc (NASDAQ:TSLA) shares after opening at $212.80 moved to $216.72 on last trade day and at the end of the day closed at $212.37. Company price to sales ratio in past twelve months was calculated as 12.99 and price to cash ratio as 30.93. Tesla Motors Inc (NASDAQ:TSLA)showed a negative weekly performance of -7.22%.
Toyota Motor Corp (ADR) (NYSE:TM) announced plans to buy back stock for the first time since February 2009. The automaker intends to repurchase up to 60 million shares — roughly half of which it will retire, with the remainder sold at a discount to the Toyota Mobility Foundation to fund future efforts. Toyota Motor Corp (ADR) (NYSE:TM) shares advanced 1.12% in last trading session and ended the day on $112.83.TM return on equity ratio is recorded as 14.00% and its return on assets is 4.90%. Toyota Motor Corp (ADR) (NYSE:TM)yearly performance is 9.93%.
Ford Motor Company (NYSE:F) published its 2013 Annual Report and filed its proxy statement for the 2014 Annual Meeting of Shareholders with the U.S. Securities and Exchange Commission. The proxy announces details about the company’s Annual Meeting, which is scheduled for 8:30 a.m. EDT Thursday, May 8 at Hotel du Pont, 11th and Market Streets, Wilmington, Del. Ford Motor Company (NYSE:F) shares moved up 1.31% in last trading session and was closed at $14.45, while trading in range of $15.31 – 15.58 . Ford Motor Company (NYSE:F) year to date (YTD) performance is 0.91%.
As General Motors (NYSE:GM) CEO Mary Barra prepares to appear at two congressional hearings this week, there is one question on the minds of congressional leaders, investors and especially victims of the ignition switch recall: Will GM pay for claims of incidents that happened before the automaker declared bankruptcy in 2009? The issue is a controversial one. Legally, General Motors is not liable for civil claims involving accidents that happened before July of 2009 when the company went through a chapter 11 restructuring. As part of the bankruptcy structured by the federal government General Motors was granted a shield from all civil claims involving their vehicles. General Motors Company (NYSE:GM) weekly performance is -0.80%. On last trading day company shares ended up $34.73. General Motors Company (NYSE:GM) distance from 50-day simple moving average (SMA50) is -3.47%. Analysts mean target price for the company is $46.53.
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