On Thursday, Shares of Ford Motor Company (NYSE:F), subtract -0.72% and closed at $12.39 in the last trading session. The last trading range of the stock ranges between $12.33 and $12.51. Ford Transit vans U.S. sales grew 6 percent last month with 10,799 vans sold. Overall Ford U.S. September sales totaled 204,447 vehicles, an 8 percent decline as compared to a year ago.
Retail sales declined 4 percent in September, with 162,327 vehicles sold for the month. Fleet sales of 42,120 vehicles, counting daily rental, commercial and government segments, were down 21 percent, consistent with the company’s plan to front-load fleet sales this year. Sales to daily rental companies declined 36 percent for the month.
“We continue seeing strong customer demand, especially for vans and pickup trucks, counting our all-new Super Duty,” said Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service. “Demand for a rich mix of our all-new Super Duty pickups assisted boost Ford’s average transaction prices by $1,100 as compared to a year ago, outpacing the industry’s $400 average.”
Williams Companies Inc (NYSE:WMB), dropped -0.07% and closed at $30.51 in the last trading session. The last trading range of the stock ranges between $30.19 and $30.83. The company’s Market capitalization is $23.15 Billion with the total Outstanding Shares of 750.66illion. Williams (WMB) recently declared that three current members of its Board of Directors will voluntarily not stand for re-election upon the expiration of their current terms at the 2016 Annual Meeting to be held on Nov. 23.
The three Board members are:
Joseph Cleveland, a director since 2008 and former chief information officer at Lockheed Martin Corporation. Cleveland formerly held executive positions at Martin Marietta and G.E.
John Hagg, a director since 2012 and a former senior executive in the exploration, production, service and financial sectors of the petroleum industry in Canada and the United States.
Juanita Hinshaw, a director since 2004 who is president of a consulting firm and formerly held executive positions at Graybar Electric Company and the Monsanto Company.
As formerly declared, five new directors (i.e., directors who were not serving on the Board as of July 1, 2016), Stephen Bergstrom, Stephen Chazen, Peter Ragauss, Scott Sheffield and William Spence, in addition to four Williams directors who served before 2016, will stand for election as nominees of the Williams Board at the 2016 Annual Meeting on Nov. 23.
In Addition To, the Board of Directors also declared in September its aim to identify two more independent candidates to join the Board before the 2016 Annual Meeting. If the nominees are elected, the Williams Board will comprise 11 directors, 10 of whom are independent.
BorgWarner Inc. (NYSE:BWA), lost -218% and closed at $35.51 in the last trading session. The last trading range of the stock ranges between $34.74 and $35.71. During the 52-week trading session the minimum price at which share price traded, registered at $27.52 and reached to max level of $48.64. BorgWarner has agreed to sell its REMY light vehicle aftermarket business to an shareholder group led by Torque Capital Group. The sale includes manufacturing facilities in San Luis Potosi, Mexico; Piedras Negras, Mexico; Twinsburg, Ohio; Edmond, Oklahoma; Brussels, Belgium; Jemmal (Menzel Harb), Tunisia; and Miskolc, Hungary. The business employs a total of about 3,000 people. The purchase price of the transaction is about $80 million, subject to customary adjustment. Completion of the transaction is expected in the fourth quarter, subject to the satisfaction of customary closing conditions.
Sales of this light vehicle aftermarket business through the first six months of 2016 were about $142 million. BorgWarner will retain the core rotating electric business of the former REMY International, Inc. to complement its focus on hybrid and electric vehicle propulsion systems. This transaction does not include other BorgWarner products or technologies counting the DELCO REMY commercial vehicle products.