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Pompano Beach, FL -- (SBWIRE) -- 01/28/2013 -- The Franco-Japanese vehicle makers Renault-Nissan have inked a deal with Daimler and Ford Motors. (NYSE:F) to create a fuel cell which would kit electric cars from 2017, a joint report published by Monday.
Should Ford Motor a Buy or Sell Now? Find Out Here
The three groups intend to possess equal shares in the project and predict to release the initial huge scale production of inexpensive fuel-cell equipped vehicles in 2017, the statement added, without giving away financial details of the deal.
Electric vehicles previously show a huge development strategy for Renault-Nissan, and fuel cells, which had a chemical reaction between hydrogen and oxygen to produce electricity, are given as a complement to that plan.
At the current trading session, Ford Motor Company (NYSE:F) shares are up +1.40% to $13.77 while the stocks are trading within the range of $13.42 – $13.82. In the past year, the stock has traded within a range of $8.82 – $14.30. Average daily trading volume is 63.86 million shares.
Can Ford Motor Show a Strong Recovery? Find out in This Research Report
If we look at a few other stocks within industry, Tata Motors Limited, Tesla Motors Inc and Honda Motor Co Ltd are in the top volume leaders. Let’s have a quick look on their Market performance.
Tata Motors Limited (ADR) (NYSE:TTM) shares are up +1.11% to $28.15 while the stock is trading within the range of $28.11 – $30.85 in the current trading session. In the last 12 months the shares have traded between $18.83 and $30.85. The average daily trading volume is 1.67 million shares.
Will TTM Continue To Move Higher? Find Out Here
Tesla Motors Inc (NASDAQ:TSLA) shares in the current session moved up +2.33% reaching $37.82. The stocks are trading in a range of $36.86 – $37.99. In the last year the stock has moved within a range of $25.52 – $39.95. The Company’s average daily trading volume is 1.24 million shares.
What was the Moving Force behind TSLA On Bullish Run? Read This Research Report
Another rival company, Honda Motor Co Ltd (ADR) (NYSE:HMC), is trading down -1.50% to $37.38. Intraday trading recorded the stock price in a range of $37.26 to $37.61. In the previous 52 weeks the stock’s price ranged between $28.50 and $39.35. Their average daily trading volume is 772,583 shares.
Will HMC Get Buyers Even After The Recent Rally? Find Out Here
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