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General Motors Company (NYSE:GM) Forced To Trim Workforce To Slow Production Line

by Paul Young - on Nov 12th 2014 - No Comments

Tomahawk, WI 11/12/2014 (Basicsmedia) – General Motors Company (NYSE:GM) has announced that it will be laying off staff at its Lansing Grand River Assembly plant as the company tries to bring down production to one shift. CNBC’s Phil Lebeau reports that the latest round of layoffs will affect 350 workers as the automaker tries to...

Tesla Motors Inc. (NASDAQ:TSLA) Suffering From Increased Orders

by Ryan Hurley - on Nov 6th 2014 - No Comments

Tomahawk, WI 11/06/2014 (Basicsmedia) – Tesla Motors Inc. (NASDAQ:TSLA) might have one of the best problems on its hand in terms of increased orders for its high-end electric cars. Improving the manufacturing process to meet demand continues to be the biggest hurdle for the giant electric company. CNBC’s Phil LeBeau reports that the...

Avoid Ford Motor Company (NYSE:F) & General Motors Company (NYSE:GM) In Short Term: Adam Jonas

by Cyrus Emen - on Oct 9th 2014 - No Comments

Tomahawk, WI 10/09/2014 (Basicsmedia) – The swift changeover to Ford Motor Company (NYSE:F)’s new model F-150 is unlikely to go well with customers as earlier anticipated, according toMorgan Stanley’s analyst Adam Jonas. During an interview on CNBC, Jonas argued that a number of things will have to work to the automaker’s favor...

Tesla Motors Inc. (NASDAQ:TSLA)’s Valuation Battle Rages on as the Stock shows Signs of Bouncing Back

by Robert Miller - on Sep 17th 2014 - No Comments

Tomahawk, WI 09/17/2014 (Basicsmedia) – Tesla Motors Inc. (NASDAQ:TSLA)’s continues to show signs of bouncing back in the market after being pounded, on suggestions it might be’ overvalued. During an interview on CNBC, Stifel Nicolaus analyst, James Albertine argued it is the right time to get involved with stock citing a number...

General Motors Company (NYSE:GM) to Spend More on its Ignition Switch compensation Package as Claims Increase

by Paul Rados - on Sep 16th 2014 - No Comments

Tomahawk, WI 09/16/2014 (Basicsmedia) – Six Weeks into General Motors Company (NYSE:GM)’s compensation plan for the ill-fated ignition switch menace has seen the automaker acknowledge 6 more deaths. CNBC’s Phil LeBeau reports that 31 cases have already been’ approved for compensation including 19 deaths. The total claims received...

Tesla Motors Inc. (NASDAQ:TSLA) Sinks as Pressure Mounts from Driverless cars

by Rahul Sharma - on Sep 16th 2014 - No Comments

Tomahawk, WI 09/16/2014 (Basicsmedia) – Tesla Motors Inc. (NASDAQ:TSLA) CEO, Elon Musk sentiments that the company’s stock might be overpriced came to haunt the company on Monday as his sentiments were also’ echoed by an analyst at Morgan Stanley (NYSE:MS). CNBC’s managing editor, Allen Wastler, attributes the skidding in...

General Motors Company (NYSE:GM)’s Switching Ignition Menace not to Affect its Driverless-Cars Dream

by Bill - on Sep 9th 2014 - No Comments

Tomahawk, WI 09/09/2014 (Basicsmedia) – Cars able to communicate with each other, as well as infrastructure, are set to be the next big thing in the near future, after General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) made their intention known of pursuing the driverless-car technology. CNBC’s Phil LeBeau reports that...

Tesla Motors Inc. (NASDAQ:TSLA) About To Break on the Upside after Consolidation

by Rahul Sharma - on Sep 8th 2014 - No Comments

Tomahawk, WI 09/08/2014 (Basicsmedia) – Wall Street has remained psyched up about Tesla Motors Inc. (NASDAQ:TSLA)’s impressive run in the market for the better part of the year. A closer look at the company’s daily chart according to CNBC’s Carter Braxton Worth shows that the company has only been consolidating for the last six...

General Motors Company (NYSE:GM) to Focus on Autonomous and Electric Vehicles in the Future: CEO Mary Barra

by Jason Gonzalez - on Sep 8th 2014 - No Comments

Tomahawk, WI 09/08/2014 (Basicsmedia) – General Motors Company (NYSE:GM) has experienced one of the toughest year in the recent past at the back of the niggling vehicles-recall menace that entangled the company in wrangles with authorities. The past is behind according to CEO, Mary Barra, who in an interview on CNBC reiterated that...

Nevada Wins Tesla Motors Inc. (NASDAQ:TSLA)’s $5 Billion Gigafactory Project

by Cyrus Emen - on Sep 5th 2014 - No Comments

Tomahawk, WI 09/05/2014 (Basicsmedia) – The long wait and bidding war for the highly sought after Tesla Motors Inc. (NASDAQ:TSLA)’s battery ‘Gigafactory’ came to an end with the’ giant electric company announcing it had selected Nevada state for the project, according CNBC’s Phil LeBeau. Tesla selecting Nevada comes...