Automotive Stocks Snapshot; (NYSE:F), (OTCQB: MWWC), (NYSE:GM), (NASDAQ:TSLA)
"Record Global Car Sales Projected For 2013" – Scotiabank Reports
Category: Investment, Automotive
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Visit: MWW Automotive Group
Point Roberts, WA - January 2, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors, issues an automotive stocks snapshot following a report last week from Scotiabank predicting, "Record Global Car Sales for 2013."
The cyclical recovery in global auto sales that began in mid-2009 remains intact, according to the Scotiabank Global Auto Report. Gains have averaged 7% over the past three years, including a 13% surge in the first year of recovery.
"We expect a further 4% advance in 2013, driving global volumes to the fourth consecutive annual record," said Carlos Gomes, Scotiabank's Senior Economist and Auto Industry Specialist. "Global sales will be bolstered by strong employment growth in developing nations, record low interest rates and the recent acceleration in the pace of monetary expansion around the globe."
Auto Stocks Trading Snapshot
Delphi Automotive PLC (NYSE: DLPH) is trading at $39.01, gaining $ 0.76 or 1.99% as of 11:42AM EST
Ford (NYSE:F) is trading at $13.10, up 0.15(1.16%) as of 11:37AM EST, with a high of $13.28
General Motors Company (NYSE:GM) is trading at $28.86, up 0.03 or 0.12% as of 11:45AM EST, with a morning high of $29.50
MWW Automotive Group (OTCQB: MWWC) has a day’s range 0.0003 - 0.0004
Tesla Motors, Inc. (NasdaqGS: TSLA), the green auto company is trading at $35.11, up $1.24 or 3.66% as of 11:44AM EST, with a high of $35.45
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More about MWW Automotive Group (OTCQB: MWWC)
The MWW Automotive Group (MWWC) is headquartered in Howell, Michigan, with a "Class A" manufacturing and logistics facility in Baroda, Michigan for the production of high quality OE automotive and industrial products. MWW delivers its products and "Class A" painting, assembly and logistics services directly to major US and Foreign automobile manufacturers' Vehicle Processing Centers (VPC) and/or assembly lines in North America. MWW's industrial products are delivered directly to the industrial manufacturers for installation in their facilities. MWW provides substantial added value to the sale of vehicles and industrial products for leading international automobile and industrial manufacturers such as Toyota, BMW, Chevrolet, Hyundai, Kia Motors, MAZDA, GM, Ford, and their strategic partners ROUSH Performance and Polytec.
For more information please visit www.mwwautomotive.com
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