Auto Sector Stocks (Page 88)

If published reports are correct, the plan by U.S. Treasury to sell "a significant share" or "big chunk" of its remaining stake in General Motors as early as this summer, would result in a net loss to taxpayers.

A weekly chart of the Dow Jones US Autos and Parts ($DWCAUP) shows major segments of the auto stock sector following the general market’s downward direction; in this case, testing the 40 week moving average, but rising on Wednesday morning‘s open as noted on the daily chart.

In remarks prepared for delivery, Dan Akerson, Chairman and CEO of General Motors Company (NYSE: GM), delivered the keynote address at the National Automotive Dealers Association/IHS Automotive Forum in New York. Among his many statements, he noted GM’s higher throughput and profits from the streamlined dealer network, but GM stock still traded lower and closed at 29.59.

After GM stock completed its 22nd week of trading by breaking 30, and with Toyota, Honda and others trading below their 40-day moving averages, perhaps it’s time to look again at Ford stock. It may be best of breed based on its stock chart technicals as much as its product technolgies.

After completing its 22nd week of trading since its IPO, GM stock has not only broken all levels of IPO price support, but has tested the psychologically significant 30 price level with its lowest weekly close on Friday. As of Monday morning, pre-market pressure was followed by a lower open and a plow through the 30 level.

General Motors (NYSE:GM, TSX: GMM) may be one of the world’s largest automakers, with roots back to 1908, but its ranking among clean-energy patents demonstrates GM’s commitment to sustainable transportation and clean energy.

Chrysler Corporation announced this morning that the company has reached the second of three performance requirements set by the government, allowing Fiat to raise their ownership of the Chrysler Group from 25 to 30%.

Toyota announced a 3-day production schedule for the remaining days of Easter week in April, according to a news flash on CNBC this morning. Question is, in light of more earthquake reports, might this new schedule last longer?

Navistar International Corporation (NYSE: NAV) has continued its leadership in alternative fueled vehicles with the demonstration of a prototype 2011 International® ProStar®+ powered by a 13-liter MaxxForce® dual fuel engine—diesel and liquefied natural gas (LNG), at the Mid-America Trucking Show in Louisville, Kentucky.

AeroVironment, Inc. (NASDAQ: AVAV) has officially joined forces with NRG Energy, Inc. (NYSE: NRG) to expand the privately funded, comprehensive eVgoSM electric vehicle (EV) charging “ecosystem”.

Heckman Corporation (NYSE: HEK), a water solutions company that provides turnkey sourcing, engineering, design and operation of integrated water pipeline gathering and management systems for oil, gas, coal mining, and utility systems has issued a purchase order for 200 Peterbilt 367 liquefied natural gas (LNG) trucks, making it the largest LNG Transport fleet in North America.

General Motors (NYSE: GM) stock traders viewed March as a successful quarter for GM in the United States, as retail sales surged 38 percent for its four brands, driven by demand for Chevrolet’s all-new Cruze compact sedan. The stock surged Friday to $32.41 after testing the $30 level for several weeks.

Friday’s jobs report says the economy added 216,000 jobs in March, while the unemployment rate dropped to 8.8%. Question is, not how it affects today's trading, how will it affect the auto industry when the dollar is still weak, earthquake effects are still here and oil tensions are still in play?

The Pontiac, Mich., Stamping Plant will get $30 million in new equipment to help make sheet metal for the 2012 Chevrolet Sonic that will be built at the nearby General Motors Orion Assembly Plant. Pontiac also will make stampings for use in the Buick Verano that goes into production later this year.

Protean Electric will orally present “Unsprung Mass with In-Wheel Motors (IWM); the Myths and Realities – Closing the Circle” to address the skeptics of unsprung mass at the 2011 SAE World Congress in Detroit in April.

Despite the news from MarketWatch that Volkswagen will recall 71,043 Jettas to fix the wiring for the anti-theft alarm system and horn, VW stock which trades as an ADR in New York under the symbol VLKAY is holding its own.

In keeping with its 2010 ranking among the 50 Most Admired Companies by FORTUNE® magazine, AT&T is now putting 101 Chevrolet Express Cargo 2500 vans powered by low-emissions compressed natural gas into its customer service fleet.

emotion3D provides BMW with a high-quality service for retargeting existing stereoscopic 3D content for viewing on glasses-free 3D screens. The BMW X3 is the first automotive commercial to use the technology.

Concepts NREC will focus SAE 2011 World Congress on the importance of matching turbochargers to engine systems in meeting performance requirements. It will exhibit in booth 1112, April 12-14 at Cobo Center in Detroit, Mich.

In its 19th week of trading since its IPO, GM stock has broken all levels of IPO price support; and now amid a general market sell off and a new low, is testing the psychologically significant 30 price level.

The Volkswagen Phaeton is a full-size luxury sedan/saloon manufactured by German automaker Volkswagen, and is described by Volkswagen as their "premium class" vehicle. Yet, it’s the manufacturing plant in Dresden that is the force behind the premium status.

Hawaii Lt. Governor Brian Schatz announced that AeroVironment (NASDAQ: AVAV) has been selected to help lead the way to a cleaner transportation future through an $820,000 contract from the Hawaii EV Ready Grants Program. The contract will fund the deployment of up to 320 AeroVironment 240-volt electric vehicle (EV) charging docks throughout the islands.

General Motors (NYSE: GM) named Karl-Friedrich Stracke CEO of Opel/Vauxhall, effective April 1, in order to put the best leadership in place.

It’s official. Chevrolet sales stats prove consumers are indeed moving toward fuel-efficient 4-cylinder engines to save on their transporation budgets. Question is, what's next?

Aero Tec Laboratories will sponsor the Cyclone-Williams' Steam Vehicle, powered by a Cyclone Power Technologies Inc. (Pink Sheets: CYPW) steam engine, in its attempts to become the fastest steam-powered car on earth.

Damage from the 8.9-magnitude earthquake and resulting tsunami in Japan is causing more than production suspensions at plants in Japan. Pre-market hours trading in New York shows a down opening.

Cyclone Power Technologies Inc. (Pink Sheets: CYPW) has entered into a Letter of Understanding with TopLine Energy Systems, LLC, a licensee of global manufacturing leader TopLine Automotive Engineering, Inc. to build Cyclone's award-winning external combustion engines.

GM stock, despite its IPO day opening at 35 and subsequent high of 39.48, has now officially broken the 32 level intraday, well below its official initial public offering price of 33.

Cyclone Power Technologies (Pink Sheets: CYPW) received notification that Mexico has joined the United States, the European Union, China and other nations in issuing a patent on Cyclone's multi-fuel, heat regenerative external combustion engine.

As weight reduction becomes more of an issue with hybrid and electric vehicles, Trelleborg Automotive is using advanced water injection technology to make the one part that touches every driver much lighter - the brake pedal.