Tesla Motors, Inc. (NASDAQ:TSLA) plans to stop supply of battery packs and motors to its partner Toyota Motor Corp. ( TM ) this year, according to sources. Toyota uses this battery pack and motor in its electric vehicle RAV4. Tesla Motors Inc. (NASDAQ:TSLA) net profit margin is -6.50% and weekly performance is -14.75%. On last trading day company shares ended up $184.67. Analysts mean target price for the company is $224.83. Tesla Motors Inc. (NASDAQ:TSLA) distance from 50-day simple moving average (SMA50) is -15.44%.
Volkswagen AG (ADR) (OTCMKTS:VLKAY) shocked the world when they announced to be producing the well-received Golf R400 Concept at the Beijing Auto Show last month. Volkswagen AG (ADR) (OTCMKTS:VLKAY) shares advanced 0.02% in last trading session and ended the day on $50.91.
Daimler AG (USA) (OTCMKTS:DDAIF) said on Tuesday its April automobile sales jumped 13% compared with a year earlier on rising demand for its Mercedes-Benz vehicles in the U.S., China and Europe. The German company sold 141,469 cars in April, boosted by a 14% increase in sales of its Mercedes-Benz brand while its Smartcar sales declined 4%, Daimler said. Daimler AG (USA) (OTCMKTS:DDAIF) shares moved up 1.17% in last trading session and was closed at $90.14, while trading in range of $89.70 – $90.20.
Ford Motor Co. (NYSE:F) announced that it is recalling more than 692,000 Escape small SUVs and C-Max gas-electric hybrids mostly in North America. The automaker is recalling the vehicles due to two safety issues software and door handle problems. The recalled vehicles are of model years 2013 and 2014 and most of Ford’s Escapes have both the safety issues. Ford Motor Company (NYSE:F) ended the last trading day at $15.84. Company weekly volatility is calculated as 1.49% and price to cash ratio as 4.82.Ford Motor Company (NYSE:F) showed a positive weekly performance of 0.64%.
General Motors Co (NYSE:GM) has reassigned an executive who dealt with US safety regulators probing defective ignition switches linked to at least 13 deaths, as part of a restructuring meant to improve vehicle safety, the automaker said on Monday. General Motors Company (NYSE:GM) shares moved up 1.72% in last trading session and was closed at $34.82, while trading in range of $34.38 – $34.94. General Motors Company (NYSE:GM) year to date (YTD) performance is -14.05%.
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