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Auto Industry in the Headlines
JOHANNESBURG, SOUTH AFRICA--(Marketwire - July 1, 2010) - www.rothmanresearch.com -- The Tesla Motors IPO early this week is definitely not the kind of headlines investors have been accustomed with regarding the U.S. automobile industry. News in this sector has been mainly subjugated by the near-death experience of the Detroit Three, General Motors, Ford Motor Co. (NYSE: F) and Chrysler, during the brunt of recession; how they survived and underwent drastic restructuring; and how they started to slowly see sales improving in a sluggish economic recovery. This initial offering came after 54 years' dearth of any such activity within the industry, and it was wholeheartedly welcomed by investors. Tesla IPO is regarded as the second-prime rally for a U.S. IPO so far in 2010, but it probably chose a bad timing as this week is rigged with key economic reports and increas
View More : http://www.marketwire.com/mw/release.do?id=1284785&sourceType=3
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