Financial Results, New Launches, and Monthly Sales Results - Research Report on Tesla, Ford, General Motors, Tata Motors, and Toyota
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NEW YORK, November 12, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Tesla Motors, Inc. (NASDAQ: TSLA), Ford Motor Co. (NYSE: F), General Motors Company (NYSE: GM), Tata Motors Ltd. (NYSE: TTM), and Toyota Motor Corporation (NYSE: TM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Tesla Motors, Inc. Research Report
On November 5, 2013, Tesla Motors, Inc. (Tesla) reported its Q3 2013 financial results with non-GAAP revenue increased by 9.2% QoQ to $602.6 million. Tesla stated that the strong revenue growth was driven by an increase in vehicle deliveries and higher vehicle average selling prices due to the start of European deliveries and a higher mix of cars with 85 kWh battery packs. The Company's non-GAAP net income totaled $15.9 million or $0.12 per share in Q3 2013, compared to $26.3 million or $0.20 per diluted share in Q2 2013. For Q4 2013, the Company expects its non-GAAP profitability to be nearly consistent with Q3 2013. The Full Research Report on Tesla Motors, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/4e6f_TSLA]
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Ford Motor Co. Research Report
On November 5, 2013, Ford Motor Company (Ford) announced its plans to launch 17 new or refreshed Ford and Lincoln vehicles in the next 24 months to accelerate growth in the Middle East and Africa, including the Ford Fusion sedan and the EcoSport small SUV, which was debuted at the 2013 Dubai International Motor Show on the date of announcement. Stephen Odell, President, Ford of Europe, Middle East and Africa commented, "The Middle East and Africa is poised to become one of the next big automotive growth markets and we want to be there for these customers with great new cars and trucks. Ford and Lincoln sales have grown 60 percent in the Middle East over the past four years, and we expect total industry sales in the combined Middle East and Africa region to increase nearly 40 percent to around 5.5 million units by 2020." The Company informed that it is combining the four regions of North Africa, Sub-Saharan Africa, South Africa and the Middle East into a single business unit to take advantage of profitable growth opportunities. Ford added that with effect from January 1, 2014, all sales, share and financial reporting will be consolidated for the 47 Ford markets throughout the Middle East and Africa, and the new Ford Middle East and Africa operation will be headquartered in Dubai. The Full Research Report on Ford Motor Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/4863_F]
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General Motors Company Research Report
On November 1, 2013, General Motors Co. (General Motors) announced that its U.S. sales for October grew by 15.7% YoY to 226,402. Its retail sales were also up 16.1% YoY to 177,702. Kurt McNeil, Vice President, U.S. Sales Operations, commented, "Chevrolet, Cadillac and Buick-GMC all performed well in the month, and the sales tempo really picked up after the government shutdown ended. We are particularly pleased with our truck momentum. Chevrolet and GMC have the newest and best light duty trucks, sales are accelerating and we are gearing up for the second, third and fourth phases of our strategic truck plan." The Full Research Report on General Motors Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/7634_GM]
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Tata Motors Ltd. Research Report
On November 1, 2013, Tata Motors Ltd. (Tata Motors) announced that its total sales (including exports) totaled 51,638 for the month of October, 2013. The Company posted domestic sales of commercial and passenger vehicles of 46,926. The Company's sales from exports were 4,712 in October 2013, and cumulative sales from exports for the fiscal were 29,747. The Full Research Report on Tata Motors Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/07b0_TTM]
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Toyota Motor Corporation Research Report
On November 6, 2013, Toyota Motor corp. (Toyota) reported its H1 2014 financial results (period ended September 30, 2013) with net revenues of ¥12.5 trillion, up 14.9% YoY. Operating income totaled ¥1.3 trillion compared to ¥693.8 billion for H1 2013. Net income attributable to Toyota was ¥1.0 trillion compared to ¥548.3 billion in H1 2013. Commenting on the results, Toyota Executive Vice President Nobuyori Kodaira stated, "In addition to the impact of the weaker yen, operating income increased due to our efforts with our suppliers and distributors for profit improvement through cost reduction and marketing activities, such as enhancement of the model mix. To achieve sustainable growth, we will continue to focus on strengthening our profit structure through continued gross profit improvement per vehicle and control of fixed costs." For full-year FY 2014 (period ending March 31, 2014), Toyota expects its consolidated vehicles sales will be 9.1 million units, consolidated net revenue of ¥25 trillion, operating income of ¥2.20 trillion and net income of ¥1.67 trillion. The Full Research Report on Toyota Motor Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/daa0_TM]
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