Exhaust Pipes SPARK Toyota RECALL and 2 More Auto Stocks Making Headlines Now
Toyota Motor Corporation (NYSE:TM) has reclled over 90K trust because of an exhaust pipe issue. This adds to troubles since word earlier this week was that the NHTSA investigation about the automaker’s car doors catching fire has grown to engulf more than 1.4M vehicles, which threatens any of Toyota’s safety reputation.
Tesla Motors, Inc. (NASDAQ:TSLA) shares see a 5.1% following Goldman Sach’s increase of its price target to $50. The firm sees positive catalysts such as the launch of the anticipated Model S sedan. Because there on only 5K models which will hit the road this year, critical industry reviews and raw sales numbers could decide the model’s future.
A123 Systems, Inc. (NASDAQ:AONE) has allegedly created a lithium-ion battery which is able to deliver a life 10X longer than any traditional lead acid batteries and will not be damaged by extreme temperatures. However, with no additional funding or many new contracts, the disbelievers may be correct. Following aides with Obama’s positive comments regarding fuel cell technology, AONE shares are up 9.1%.
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