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

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 – Analyst Report) 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 – Analyst Report) reported weak first-quarter fiscal 2016 earnings and revenues. Among the positive developments, Tesla Motors, Inc. (TSLA – Analyst Report) was reported to have received $39 million sales tax incentives from California. Reports of a possible collaboration between Ford Motor Co. (F – Analyst Report) and Google for the development of autonomous vehicles also emerged. Meanwhile, Toyota Motor Corporation (TM – Analyst Report) decided to invest ¥1 billion (around $8.16 million) in artificial…


Link to Full Article: Auto Stock Roundup: Honda Expands Takata Airbag Recall, Tesla Gets $M Incentive