Ford, GM Gain 3% as U.S. Auto Sales Surge, Tesla Falls (Barrons)
Shares of General Motors Company (NYSE:GM) have gained 3% to $35.16 today, while Ford Motor Company (NYSE:F) has risen 2.9% to $16.82, after U.S. auto sales surged last month. …The strength in the auto-sales data has done nothing for Tesla Motors Inc (NASDAQ:TSLA), however. Its shares have dropped 1.7% today to $166.00, its largest drop since falling 4.2% on August 14. Interestingly, its the seventh trading day in a row that its moved in the opposite direction of Ford, the longest such streak in at least a year.
GM India Recalls Over 4,000 Chevrolet Sail Diesel Models (GMAuthority)
General Motors Company (NYSE:GM) India has announced that it will recall 2,910 sedan and 1,090 hatchback units of the Chevrolet Sail equipped with a 1.3L diesel motor in the region. The problem stems from an issue with the crankshaft hub bolt, which can potentially affect the performance of the engine. GM India also recently recalled 114,000 Chevrolet Tavera sport-utility vehicles over faulty reporting of engine-emissions, resulting in one of the country’s largest auto recalls, and several firings.
Ford announce latest app additions to in-car AppLink system: TomTom join Spotify and others (TechDigest)
Ford Motor Company (NYSE:F) have taken this year’s IFA 2013 tech conference to reveal a number of new app additions to the company’s in-car AppLink system. AppLink (which connects a smartphone to Ford’s SYNC connected dashboard system) will welcome voice-activated versions of popular apps including navigation stalwarts TomTom and room booking service Hotels.com alongside already-announced partners such as music streaming service Spotify.
Tesla — How Da Ya Like Them Apples? (InvestorPlace)
I love it when critics, haters and those who would second-guess the successful vision of a CEO are proven wrong. Not that I don’t engage is this kind of criticism myself — I certainly do — but when it comes to a select group of companies, it seems like the vitriol is way out of proportion. Tesla Motors Inc (NASDAQ:TSLA) is one of the companies many in the financial press and in the blogosphere like to question. It’s also a company short sellers love to roll the dice on.
General Motors August Sales Climb 15 Percent As All Brands Post Strong Gains (AutomobileMag)
General Motors Company (NYSE:GM) reported its strongest monthly sales figure since September 2008 and its best monthly result this year, with sales up 14.7 percent year-over-year to 275,847 vehicles. In a positive sign, GM also said that retail sales rose 22 percent last month while fleet sales (often to rental-car companies) fell eight percent. And once again, the Chevrolet Silverado was the company’s top selling vehicle. …What it lacks in physical size and overall sales volume, the Chevrolet Spark more than made up for in terms of growth. The subcompact hatchback has enjoyed steady sales growth since it launched last year, and so far in 2013 the Spark has tallied 25,969 buyers.
Tesla’s blind spot? (CNBC)