Tesla Motors Inc (NASDAQ:TSLA) has recently started to renovate a 431,000 square foot facility that used to be utilized by Daimler-Chrysler as a distribution center in Lathrop, California. Tesla was given a permit by the city for “manufacturing modifications” on the facility. Tesla Motors Inc. (NASDAQ:TSLA) net profit margin is -6.50% and weekly performance is 7.89%. On last trading day company shares ended up $211.56. Analysts mean target price for the company is $224.83. Tesla Motors Inc. (NASDAQ:TSLA) distance from 50-day simple moving average (SMA50) is 1.58%.
Fiat SpA (ADR) (OTCMKTS:FIATY) Chief Executive Officer Sergio Marchionne will within two years reduce the nameplate to a single model that will be sold only in Italy as part of a merger with Chrysler Group LLC. With the carmaker’s global ambitions at stake, Lancia became expendable as its allure faded after cameos with the French sex symbol in the 1950s and 1960s. Fiat S.p.A. (ADR) (OTCMKTS:FIATY) shares advanced 3.85% in last trading session and ended the day on $10.51.
General Motors Company (NYSE:GM) has been having a fairly tough time of it lately, with a record-setting number of recalls this year, due, in part, to the increased scrutiny the industry has been facing, as well as the increased complexity of today’s cars. General Motors Company (NYSE:GM) shares moved up 0.92% in last trading session and was closed at $33.94, while trading in range of $33.77 – $33.98. General Motors Company (NYSE:GM) year to date (YTD) performance is -16.22%.
The Ford Motor Company (NYSE:F) Fiesta topped the list of the UK’s most popular used cars in April with 11,297 units sold. Ford Motor Company (NYSE:F) ended the last trading day at $16.16. Company weekly volatility is calculated as 1.05% and price to cash ratio as 4.92.Ford Motor Company (NYSE:F) showed a positive weekly performance of 1.51%.
Volkswagen AG (ADR) (OTCMKTS:VLKAY) India has already invested about €680 million (Rs 5,447 crores). Now, they are planning to increase this amount by €100 million (Rs 801 crores) over the next three years. This will be used to increase production at their plant in Chakan, engine assembly and increasing localization. On last trading day company shares ended up $52.68.