Ford Boasts About Engine Size and 3 Auto Stocks Drive Forward
Ford Motor Co. (NYSE:F) new 3-cylinder engine is so small its aluminum block has the ability to fit into a piece of carry-on luggage. A team from Ford brought the core of its smallest engine to the security checkpoint at Detroit Metro airport in a roll-on bag, placed it in a tray, and ran it through the X-ray machine as a means to demonstrate compact and tidy it is.
General Motors Company (NYSE:GM) opened its second plant in China in order to construct its local discount brand, named Baojun. The first car to be released was the 630, which is a midsize sedan retailing for $10,100, and the plant will also construct the Chi mini car, selling for $6,400.
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Toyota Motor Corporation (NYSE:TM): Toyota Motor North America Inc. is in the position to recall 11,153 Scion IQ vehicles as a result of problems with a cable beneath the passenger seat, according to statements made by U.S. regulators on Monday. The National Highway Traffic Safety Administration stated that model year 2012-13 Scion IQs that were made between July 31, 2011 and Oct. 12, 2012, were recalled since the cable for the Occupant Classification System may become damaged when sliding the passenger seat forward or backward.
Honda Motor Co., Ltd. (NYSE:HMC): The company’s arsenal in India is expected to finally gain a necessary diesel boost next year with the new Amaze coming to showrooms. This is to be Honda’s first diesel engine car in the Indian market, though the company has been manufacturing and selling larger engined diesel vehicles in the European markets for years. The Hindu Business Line was granted both a first look and a first-hand initial driving experience at Honda’s test track in the Twin Ring Motegi, which is the company’s research centre 160 kms outside of Tokyo, Japan.