Beacon Equity Research announces the release of Trade Alerts covering major auto manufacturer stocks: Daimler AG (NYSE: DAI), General Motors Corp. (NYSE: GM), Tata Motors Ltd. (NYSE: TTM), Ford Motor Co. (NYSE: F), Honda Motor Co. Ltd. (NYSE: HMC) and Toyota Motor Corp. (NYSE: TM).
In the Trade Alert, the author highlights Daimler’s demand for Mercedes Benz fell 25% in February:
“Daimler AG (DAI) shares rose 5.58% to $27.81 this morning. Daimler engages in the development, manufacture, distribution and sale of automotive products, including passenger cars, trucks, vans and buses worldwide. … The company recently said its Mercedes Benz Cars division's worldwide sales fell 25% in February, as the deepening economic downturn hurt demand. Daimler sales in February fell to 72,000 cars from 96,800 in the same month of 2008. The division's brands include Mercedes, Smart and Maybach. Daimler said the Mercedes brand delivered 63,600 cars in February compared with 88,000 a year ago, a 28% decline.”
The Trade Alert author also featured General Motors’ facing removal from the Dow index:
“General Motors Corp. (GM) shares slipped .53% to $1.88 in today’s mid-morning trading. General Motors and its subsidiaries engage in the development, production, and marketing of cars, trucks and related parts worldwide. It offers small, midsize, sports and luxury cars; and pickup, van, utilities and medium duty trucks. … There has been recent news that General Motors and Citigroup are about to be kicked off the Dow Jones Industrial Average due to their lackluster performance and long term outlook. Both of the companies stocks are trading around a $1.”
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Beacon Equity Research
Jeff Bishop, (469)-252-3505
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