- 11 Sep 2014
- Automakers, Manufacturing, Production
- Posted by Glenn Lidstone
- Comments Off on Tesla Joins Nasdaq 100 As Oracle Defects To NYSE
Tesla joins Nasdaq 100 as Oracle defects to NYSE. —Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week. Like this, it fills the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.
The electric-car maker will join to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15. This is the official statement of Nasdaq OMX Group Inc. On the other hand, Oracle said last month it will join the NYSE, is the biggest company to jump between the competing exchanges.
Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year. Due to the popularity of its new Model S, sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks by investors, it [...]
- 11 Sep 2014
- Automakers, Manufacturing, Production
- Posted by Glenn Lidstone
- Comments Off on Inventories Rise: Toyota Camry, Honda Civic
Toyota and Honda are experiencing inventories rise!
Joseph Spak, A report of RBC Capital Markets reveals this important information.
In his report, he says that the Toyota Camry and the Honda Civic — the top-selling mid-size and compact cars in the U.S.,– face risks of production reduction as inventories of the models rise.
Toyota’s Camry exceeded its seasonal historical average inventory by more than 15 days supply in June. Similarly, Honda carried about 25 days more Civics than usual.
For this reason, Camry and Civic were the only models on risk for reduced output among 16 of the top-selling vehicles in the U.S. market.
General Motors Co., Ford Motor Co. and Chrysler Group LLC share in the first six months of 2013. This is the first time that all three gained first-half share in 20 years. Models such as GM’s Chevrolet Cruze compact and [...]
- 10 Sep 2014
- Automakers, Manufacturing, Production
- Posted by Glenn Lidstone
- Comments Off on Fiat Exercises Options To Buy Additional 3.3% Of Chrysler Shares
Fiat exercises options to buy an additional 3.3% of Chryler’s shares.
This move is part of CEO Sergio Marchionne’s step-by-step purchases. His efforts intend to lead full control of Chrysler and the creation of a merged company.
Such a company would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.
Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA. VEBA is a medical-benefits trust for the U.S. carmaker’s retirees.
Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.
Fiat exercises options aim to full control Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.
Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million [...]