General Motors Company (NYSE:GM) Maybe Powering Chevrolet Camaro with LS7 - KNDI, TM

Pompano Beach, FL -- (SBWIRE) -- 12/24/2012 -- General Motors Company (NYSE:GM) has been the undoubted center for excellence in the global automobile industry and caused a significant innovations during past two decades. However, GM lovers another one is coming shortly because, the company is planning to power the upcoming model of Chevrolet Camaro with a powerful engine LS7 primarily designed for Chevrolet Corvette and now is believed to be a part of Chevrolet Camaro.

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Furthermore, previously Chevrolet Camaro was powered by LS9 but, due to its noise problem identified by significant number of customers, company is recently looking to replace it with LS9 due to LS9’s scintillating sound which makes a driver think that he is driving the best car in the world.

On the other hand, the news is yet a rumor at best because the company is still reluctant to talk on this topic as now. But, we will be providing you with the updates as we get more information.

With the latest fall of -0.07%, General Motors Company (NYSE:GM) now has YTD performance +34.78% which for the week is positive at 11.01%. The company will report lower sales for the Quarter ending Dec-12, according to 7 analysts polled by Reuters. On average, they believe sales will arrive at $39,030.30 million from $41,275.80 million posted in the same quarter last year. The average sales forecast of 11 analysts for the full-year is $152,006.00 million, down as compared to $156,396.00 million annual sales a year ago.

As of latest close, Kandi Technolgies Corp. (NASDAQ:KNDI) shares are up about 8.11% for 2012 and topped out a 52-week high of $5.13 (Aug 08, 2012). Since then, it has retreated 22.03% but stands 71.67% above 52-week low. The shares slipped below the 200-Day SMA ($4.02) and are now sitting -2.97% below 50-day SMA. The performance measured for the month was -1.72% and weekly performance appeared at +11.11%.

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The price of Toyota Motor Corporation (ADR) (NYSE:TM) moved down -2.01% and finished the day at $90.77 on above average volume. The day started out with a higher opening price of $90.45 versus prior close of $92.63. The total number of shares traded on the latest trading day was about 533,202 shares, and changed hands at average prices of $90.18 to $91.01 apiece. The shares advanced about 37.26% since the start of 2012 and has a 40.75% gain in last three months. Narrowing down the performance period, the stock rose 7.51% for the month and a 5.64% gain over the week.

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