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Automaker in Focus: Ford Motor Co. (NYSE:F), Toyota Motor Corporation (NYSE:TM), General Motors Company (NYSE:GM)

Automaker in Focus: Ford Motor Co. (NYSE:F), Toyota Motor Corporation (NYSE:TM), General Motors Company (NYSE:GM)
Written by
Ryan Mitchell
Published on
October 27, 2014
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Ford Motor Company (NYSE:F) dropped over 4.3% in last session as by means of battery-car sales lagging anticipations, automakers have been cutting prices in a bid to spur demand. The latest to release a big discount is Ford, which will cut the manufacturer's suggested retail price (MSRP) on its Focus Electric model by $6,000. That is on highest of the $4,000 discount the Detroit maker took on the compact battery-electric vehicle just a year ago. Originally introduced in January 2011 at $39,995, purchaser now can plug in a Ford Focus Electric for just $29,995 in addition delivery charges and the usual fees and taxes. And Ford is by no means alone in this price war. Shares of Ford Motor Co. (NYSE:F) traded at $13.78 by plunging -4.31% with price volatility of 2.39% for a week and 3.10% for a month. Its beta stands at 1.53 times.Japanese carmaker, Toyota Motor Corp. (TM) reported that it sold some of its shares in Tesla Motors Inc. (TSLA), according to media reports on Friday. On the other hand, the details around the size or timing of the sale was not revealed. Reports released the sale was a result of Toyota's regular review of investments and that the firm might continue to work with Tesla on future projects. Toyota Motor Corporation (NYSE:TM) stock has highest price of $114.654 in last session, beginning with a price of $114.41 and reported a gain of 0.97% to the closed at $114.51 with a day range of $113.87-$114.654.Shares of General Motors Company (NYSE:GM) dropped over 2.8% in last session as Florida Attorney General Pam Bondi is evaluation General Motors Co. (GM)’s lending arm to determine whether she has jurisdiction to join a widening investigation into its subprime auto-loan underwriting practices. A spokesman for Bondi, Whitney Ray stated in an e-mail that the attorney general hasn’t released a subpoena and is reviewing the matter to determine whether any of the alleged conduct falls within their enforcement jurisdiction. General Motors Company (NYSE:GM) stock hit highest price at $31.28, beginning with a price of $31.03 and reported a decrease of -2.88% to the closed at $30.04 with a day range of $29.98-$31.28.

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