Ford Motor Company (NYSE:F) Unveiled NASCAR FUSION - AXL, MTOR

Pompano Beach, FL -- (SBWIRE) -- 12/20/2012 -- Ford Motor Company (NYSE:F) is planning to provide the racing teams participating in the upcoming racing events in the next year with NASCAR Fusion in order to promote it in the society.

However, the new sport utility made its first appearance during the event of Sprint Cup Series championship and the team containing Joey Logano and Sam Hornish Jr took their first ever ride with the newer product recently.

Will Ford Motor Continue To Move Higher? Find Out Here

Nevertheless, all of these professionals found NASCAR as perfectly suited for high speed racing. Additionally, they found extra precautionary measures in the novel design more than satisfactory. On the other hand, the newer car is possessing the look of a street car, which make it ideal for retail sale in coming years according to test drivers who evaluated the newer version

Ford Motor Company (NYSE:F) has now dropped about -8.70% from its record high price level, and has advanced by 11.08% for this year. It closed at $11.73, trading 11.48% above its 200 day moving average and 8.21% above its 50 day moving average. Latest close brings its distance from its 52-week low at +34.19%. The stock has a PE ratio of 2.65 and their market value is $43.89 billion.

As of latest close, American Axle & Manufact. Holdings, Inc. (NYSE:AXL) shares are up about 8.70% for 2012 and topped out a 52-week high of $13.08 (Feb 17, 2012). Since then, it has retreated 17.81% but stands 35.56% above 52-week low. The shares advanced above the 200-Day SMA ($10.72) and are now sitting -0.25% below 50-day SMA. The performance measured for the month was +9.47% and weekly performance appeared at +0.94%.

Why Should Investors Buy AXL After The Recent Gain? Just Go Here and Find Out

The price of Meritor Inc (NYSE:MTOR) moved up 2.71% and finished the day at $4.93 on above average volume. The day started out with a higher opening price of $4.82 versus prior close of $4.80. The total number of shares traded on the latest trading day was about 2.17 million shares, and changed hands at average prices of $4.77 to $4.97 apiece. The shares declined about -7.33% since the start of 2012 and has a -6.98% fall in last three months. Narrowing down the performance period, the stock rose 25.13% for the month and a 7.64% gain over the week.

For How Long MTOR will Fight for Profitability? Read This Trend Analysis report

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