Why General Motors’(NYSE:GM) Global Marketing Chief Departs Just Ahead Of Corporate Earnings – (F, GM, TSLA, TM)

In the auto industry, General Motors Company (NYSE:GM) has recently revealed that its global chief marketing officer, Joel Ewanick, submitted his resignation to the Detroit auto maker. The departure news comes after many key changes to the company’s advertising approach and just ahead of its second-quarter quarterly financial results on Thursday. The giant automaker said on Sunday that Ewanick had chosen to leave the company and his decision is effective immediately.

A person close to the situation said Ewanick remained unsuccessful to properly report financial details about a recent sponsorship deal between GM’s mass-market Chevrolet brand and the world’s most popular soccer club, Manchester United.

In other news last week, Toyota Motor Corporation (NYSE:TM) took back the top position in global car sales versus General Motors Co in the first half of 2012, with Volkswagen AG poised to move past GM and push the U.S. automaker into third place for the full year.

General Motors Company (NYSE:GM) gained +2.93% with the closing price of $19.67. The overall volume in the last trading session was 6.80 million shares. Its fifty two week range was $18.72-$28.88. The total market capitalization remained $30.80 billion.

The stock is ahead of its 52 week low with 5.07% and its last month price volatility remained 2.62%. Its beta coefficient was 2.17 with a target price of $31.63. GM has insider ownership of 0.06% with its institutional ownership remained 35.24%. Company’s current year earnings per share grew  58.46% while the five year EPS growth rate was +13.22%.

Ford Motor Company (NYSE:F)

Ford Motor Company (NYSE:F) is apparently constructing a version of its F-150 truck that’s based on aluminum as an alternative of steel. The thought of a lighter body truck is striking from a gas-mileage viewpoint; though making the new vehicle is a risky attempt for Ford.
In last trading session, Ford Motor Company (NYSE:F) jumped +0.45% to close at $9.00 with the total traded volume of 67.99 million shares making it most volume active among Major Auto Manufacturers. Stock’s 52 week high price was $13.05 and 52 week low was $8.83.

Ford sales dipped 57% across European markets while the company has losses of US$1.4 billion during the period April to June 2012 as compared to the similar period in the previous year. Income for the past six months of 2012 has also declined considerably from $4.9 billion in January to June 2011 to $2.4 billion in the January to June period of 2012.

Tesla Motors Inc (NASDAQ:TSLA)

Tesla Motors, Inc. (Tesla) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Tesla Motors Inc (NASDAQ:TSLA) surged +4.91% and closed at $29.51 with the total traded volume of 1.67 million shares, more than the average volume of 1.58 million.

Its shares were trading within the range of $28.10-$29.66 while the stock opened at $28.71. It has outstanding shares of 105.21 million with the total market capitalization of 3.10 billion.

Japanese Automakers To Report Double-Digit July Sales Growth – (GM, F, TSLA, GE)

The whole European auto industry is hit harder, and in response automakers are acting slowly. General Motors Company (NYSE:GM) and Chrysler-Fiat are scheduled to release their second-quarter earnings report next week, with investors appearing more focused than ever on how their European operations are performing.

Separately, reports from Edmunds.com and TrueCar.com revealed that the number of new cars sold in the U.S. is projected to grow in July as compared to a year earlier, with Japanese automakers poised to report double-digit percentage sales gains. Both firms predict nearly 1.2 million new cars will be sold in July.

Ford Motor Company (NYSE:F

Ford Motor Co. declared that it is working on a pickup truck with a largely aluminum body, one of the major gambles in its 108-year history.

The fundamental revamp will help meet harder federal fuel-economy targets. Ford is hoping the switch to the lighter metal will cut the weight of its F-150 truck by about 700 pounds. That is a 15% decrease for the F-150, which is the company’s most accepted pickup in the U.S. Such a reduction would facilitate Ford’s trucks to go farther on a gallon of gasoline, and unlock the door to other changes, like use of smaller engines.

[article_detail_ad_1]In last trading session, Ford Motor Company (NYSE:F) is most volume active stock of Auto Manufacturers Industry by trading 51.82 million shares, more than the average volume of 41.76 million.  Shares of F dropped -0.11% and closed at $8.96. Stock’s 52 weeks high price was $13.05 and 52 weeks low of $8.83.

 

General Electric Company (NYSE:GE)

Shares of General Electric Company surged after it declared that GE will offer Comexhidro eight 2.75-megawatt (MW) wind turbines that will produce energy for public lighting that will help to decrease greenhouse gas discharges.

Also, GE Intelligent Platforms (NYSE: GE) declared the newest addition to the company’s increasing variety of COM Express modules with the commencement of its maximum performance offering to date, the rugged bCOM6-L1400.

General Electric Company (NYSE:GE) gained +2.80% and closed at $20.56 with the total traded volume of 57.28 million shares, beating the average volume of 50.63 million. GE has earnings per share of $1.24 and its price to earnings ratio ended at 16.56.

 

Tesla Motors Inc (NASDAQ:TSLA)

Tesla Motors Inc (NASDAQ:TSLA) shares fell -2.83% and closed at $28.13 with the total traded volume of 2.26 million shares, more than the average volume of 1.50 million. Its outstanding shares are 105.21 million with the market capitalization of 2.96 billion.

In the second quarter, Tesla’s revenue has dropped, and its loss has grown. It lost $106 million in the second quarter, more than the $90 million it lost a year ago in the same period due to low sales in second quarter.

Latest Survey Shows U.S. Auto Companies Are Regaining Confidence – (F, GM, TSLA)

Executives in the U.S. auto industry, which is fortified with rising sales and strong financial position, predict to add workers and expand plants in the coming year, according to a latest survey released by KPMG LLP, the audit, tax, and advisory firm. Despite their optimism in general, executives mention some major setbacks ahead, including continuing pricing pressures, an increasing gap in qualified labor, and the current European revenue setback.

The survey results reveal that  U.S. auto companies are regaining confidence, according to Gary Silberg, who is a national automotive industry leader for KPMG LLP. Although the overall economic revival appears weak, that is not the case in the automotive industry, Gary noted.

Ford Motor Company (NYSE:F)

Ford Motor, a producer of cars and trucks, recently announced the Ford C-MAX Energi Plug-In Hybrid, expected to Deliver 550-Mile Range and Nearly Double Electric-Only Range of Toyota Prius.

[article_detail_ad_1]The all-new C-MAX Energi utility, Ford’s first-ever plug-in hybrid, is the only vehicle that enables customers to drive from Sacramento to San Diego on a tank of gas and make the average travel on electricity alone. Ford C-MAX Energi plug-in hybrid is expected to travel 550 miles of total range.

Ford Motor will develop their plants and employ more people to meet the increasing consumer demand for replacement of aging vehicles and trucks.

In last trading session of Ford Motor Company (NYSE:F), it declined -1.50% closed at $9.21 and its total volume during the last trading session was 27.97 million shares. Ford Motor has earnings per share of $4.75 and its price to earnings ratio ended at 1.94.

General Motors Company (NYSE:GM)

GM is the newest in a chain of auto companies announcing growth of operations in Mexico, or setting up production operations for the first time. General Motors (GM) invested $420 million in the states of Guanajuato and San Luis Potosi to make a new compact car, a new generation of big pick-up trucks, and a more competent transmission to be used in numerous of the company’s passenger cars. Mexico’s auto exports in June were 14% more than in the year-ago. GM has invested more than $5 billion in Mexico in the last six years.

General Motors Company (NYSE:GM) key financials illustrate that GM reported the fall of -3.87% and closed at $19.36 with the total traded volume of 8.80 million shares beating the average volume of 8.00 million. Stock’s 52 weeks high price was $30.29 and 52 weeks low was $19.00. GM has market capitalization of 30.31 billion.