North America has shown a double-digit growth in car sales so far in 2012, increasing purchases to their best not seen since 2007 in a momentum that indicates a global surge in buying, Scotiabank Economics says. So far in this year, light-vehicle sales in North America have moved up 13 per cent, due mainty to a 21 per cent advance in purchases by U.S. businesses, governments and rental car agencies.
Ford Motor Company (NYSE:F) surged +1.05%, after a plan to double its battery-testing capabilities and speeding electrified vehicles to market, closed at $9.59 with the total traded volume of 34.32 million shares. Its shares were trading within the range of $9.49-$9.67.
Ford Motor has earnings per share of $4.42 and its price to earnings ratio stands at 2.17. It gained 10.14% return on assets, 158.42% return on equity and its return on investments was 15.75%.
General Motors Company (NYSE:GM) jumped +5.91% and closed at $21.33. The boost was seen after a report leading to a recovery in auto sales. GM this week raised the capital of its financing arm with a US$1bn bond issue, as the declined Detroit giant, fighting back from insolvency, tries to rebuild the lending business it sold off six years ago. The stock’s total traded volume during last trading session was 14.40 million shares. It has outstanding shares of 1.57 billion with the total market capitalization of 33.40 billion.
Tata Motors Limited (ADR) (NYSE:TTM) mounted +1.93% with the closing price of $21.15. The overall volume in the last trading session was 1.53 million shares. It has positive year-to-date performance of +27.26%.
TTM has institutional ownership of 13.58%. Company’s current year earnings per share fell -71.29% while the five year EPS growth rate was -4.92%.
Tesla Motors Inc (NASDAQ:TSLA) jumped +3.06% and closed at $30.30. Its total traded volume during last trading session was 668,973.00 shares. It has outstanding shares of 105.43 million with the total market capitalization of 3.19 billion.