FinancialBuzz.com’s latest Buzz on the Street: Trade War Cease Fire Between President Trump and Xi Jinping
Honda Motor Company, Ltd. (NYSE: HMC) is a Japanese public multinational conglomerate corporation primarily known as a manufacturer of automobiles, aircraft, motorcycles, and power equipment.
Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand.
Volvo Cars , stylized as VOLVO in the logo, is a Chinese-owned, Swedish luxury vehicles company. It is headquartered on Torslanda in Gothenburg and is a subsidiary of Chinese automotive company Geely. The company manufactures and markets sport utility vehicles, station wagons, sedans and compact executive sedans.
Tesla, Inc. (NASDAQ: TSLA) is an American automotive and energy company based in Palo Alto, California. The company specializes in electric car manufacturing and, through its SolarCity subsidiary, solar panel manufacturing.
Auto Stocks had shot up at the market’s open on December 3rd after President Trump had tweeted about a deal, arrived at the G20 summit, involving the reduction of auto tariffs by China. However, when news broke out that there is no deal actually in place and only negotiations to reach said deal, investor confidence fell, as did most car manufacturer stock prices. One of the outliers in this in this drop is Tesla, which held steady even after the trade deal turned out to be a bust.
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