Aggregated price of vehicles producers grew by 5.16 percent in ten days.
There is a short-term trend in stock prices of automotive companies. Aggregated price of Ford Motor Company, General Motors Company and Tesla Motors rose by 5.16 percent since 7th November. In spite of some bad news concerning the General Motors (defective ignition switches and layoffs), the trend still persists. However, the GM stock price has risen less than the prices of Ford Motor Company and Tesla Motors.
Ford's CEO was asked about oil price impact on sales and potential autobubble. In his opinion, the most crucial factor which may increase Fords revenue is a fact, that 50 percent of vehicles are 10 years old or older (more info in "important news" section).
Here are basic fundamental data concerning the stocks:
Trend Strength: *****, Change: 5.16%, Trend start: Friday, 2014-11-07 12:30
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