A123 Causing Fisker Delays and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F) will recall about 89,000 2013 Ford Escape SUVs and 2013 Ford Fusion cars equipped with 1.6-liter four-cylinder engines due to concerns about a fire risk. About 80,000 Escape and Fusion models are affected in the United States.
Toyota Motor Corporation (NYSE:TM): Toyota Technical Center, a division of Toyota Motor Engineering and Manufacturing North America Inc., has committed $300,000 to help reopen the Michigan Science Center. They plan to announce their reopening date at a news conference Tuesday morning.
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Honda Motor Co., Ltd. (NYSE:HMC) has reported that their United States sales for the month of November have increased by 38.9% to 116,580 units.
Tesla Motors, Inc.’s (NASDAQ:TSLA) Model S will now see a price bump of $2,500 with a new base price of $59,900 before federal tax credits. The new price tag will be for new reservations beginning January 1, 2013. Deliveries will commence a few months later.
A123 Systems, Inc. (NASDAQ:AONE), the former battery supplier for Fisker, recently became bankrupt in what is proving to be a terrible, complex and time-consuming process. Meanwhile, as the courts try to figure out where parts of the company should go, Fisker has been left without batteries for their cars. Though they had stockpiled some before A123 went completely under, this stock has run out and Car & Driver is reporting that Fisker is now temporarily shutting down production until a solution can be found.