Auto Stock Roundup: Honda Expands Takata Airbag Recall, Tesla Gets M Incentive

Shutterstock photo It was a mixed week in terms of developments in the auto sector, although the stocks traded mostly in the red. Honda Motor Co., Ltd. HMC expanded the recall of vehicles with defective Takata airbags, while U.S. regulatory authorities revealed yet another casualty related to the airbags. Meanwhile, Winnebago Industries, Inc. WGO reported weak first-quarter fiscal 2016 earnings and revenues. Among the positive developments, Tesla Motors, Inc. TSLA was reported to have received $39 million sales tax incentives from California. Reports of a possible collaboration between Ford Motor Co. F and Google for the development of autonomous vehicles also emerged. Meanwhile, Toyota Motor Corporation TM decided to invest ¥1 billion (around $8.16 million) in artificial intelligence research and development. (Read last to last week’s recap here: Auto Stock…


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