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Toyota Motors (TM) has a problem. Accelerators on eight models of its cars can stick, causing the car to race forward. It's a dangerous problem, and many owners are afraid to drive their Camrys. This is the world's largest car company with one of the largest car recalls in history. Dealers are closed down for several weeks. New cars aren't being sold. And it's not only the drivers and dealers that are nervous. So are investors.

As a complete contrast, look at Ford (F). It announced a 25% increase in sales in January, selling 116,534 cars and trucks in one month, up from 93,506 same period last year. And most importantly, it was the new cars that lead the way, not SUV's or trucks. Cars were up 43% with SUVs ahead by 8%. Crossovers (the new station wagons, mini SUVs) increased by 20%, and trucks went ahead by 14%.

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Comfort Zone Investing: Toyota Slips, Ford Jumps and Investors ... ? originally appeared on BloggingStocks on Sat, 06 Feb 2010 10:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>car companiesCarCompaniesComfort Zone InvestingFfeaturedFordTMToyota recallSat, 06 Feb 2010 10:30:00 EST<![CDATA[General Motors to sell SAAB to Swedish company]]>http://www.bloggingstocks.com/2009/06/16/general-motors-to-sell-saab-to-swedish-company/http://www.bloggingstocks.com/2009/06/16/general-motors-to-sell-saab-to-swedish-company/http://www.bloggingstocks.com/2009/06/16/general-motors-to-sell-saab-to-swedish-company/#commentsFiled under:

This morning, General Motors (GMGMQ) -- or is it Government Motors? -- announced that it will sell its Saab unit to a consortium led by Koenigsegg Automotive AB. The purchaser is a luxury carmaker, which produces roughly 12 custom-made models each year.

In a memo of understanding, GM stated that the sale will include a $600 million funding commitment from the European Investment Bank -- which is guaranteed by the Swedish government. The sale is believed to be completed by the end of the third quarter.

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General Motors to sell SAAB to Swedish company originally appeared on BloggingStocks on Tue, 16 Jun 2009 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>automakersbuyoutscar companiesCarCompaniesinthenewsKoenigseggSaabSwedenTue, 16 Jun 2009 10:30:00 EST