Ford Motor Company (NYSE:F) & Tesla Motors Inc (NASDAQ:TSLA) Remain Favourites

Posted by Samantha Donahue October 9, 2013 0 Comment 1460 views

Ian Macfarlane, the Australian Federal Industry Minister says that the country’s productivity commission will now produce some interim findings about whether it would be possible to make the car-manufacturing industry viable in the country, by Christmas.

Ford Motor Company (NYSE:F) is just one of the company’s that is planning on pulling-out of the country and will stop vehicle-production there by 2015.

Extra efforts

Macfarlane has said that he has planned on holding talks with the company to persuade them to continue manufacturing cars there as long as possible. He also said that the company is aware that he wants to have a dialogue with them about the same.

He said that his goal is to see that the company keeps its design and R&D plant in the country and is keen on keeping the automotive industry afloat in Australia. He added that his priority is also the thousands of jobs that are dependent on this industry.

Tesla in Norway

Across the globe, Tesla Motors Inc (NASDAQ:TSLA) is making its mark in another country- Norway. The company’s Model S has overtaken the VW Golf as the country’s best-selling car. This all-electric car model climbed to top position last month, in Norway.

Consumers are also willing to pay premium price for a second-hand Model S since the wait period for a new one is 5 months said dealers.

The high-performance Tesla S hit Europe’s roads in August and last month, it had a 5.1% share in Norway. This accounted for 616 of total 12,168 new cars that were sold. This pushed the conventionally-powered VW Golf into 2nd-place with a 4.6% share.

Tuesday’s trading

In Tuesday’s trading, Ford Motor Company (NYSE:F) dropped by 1.84%. The opening price of the shares was $16.83, which climbed to an intraday high of $16.85 and dipped to a close of $16.50. Tesla Motors Inc (NASDAQ:TSLA) dropped by 4.56% on Tuesday. The shares opened at a price of $184.70, climbed to an intraday high of $185.93 and dipped to close at $174.73.

About Samantha Donahue

Samantha Donahue is a digital fellow with GDP insider. Samantha earned a Bachelor's degree in Government from Cornell University and later his Master's degree in Journalism from Columbia University. She has also received numerous awards from the Associated Press, Society of Professional Journalists, and other media organizations for many of her exclusive stories. Samantha thrives reporting on breaking news and as a general assignments news reporter.

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