Ford Extends MyFord Touch Warranty and 4 Auto Stocks Drive Forward

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Ford Motor Co. (NYSE:F) has decided to extend the warranties of its controversial MyFord Touch infotainment system as it attempts another software upgrade to see if it has the ability to discredit the criticism that it’s hard to use. The system’s warranty, which uses voice commands allowing drivers place phone calls and operate radio controls, has been extended from three years to five years. Furthermore, for Ford’s Lincoln luxury brand, it goes to six years, according to Ford’s North American chief, Mark Fields, who will begin as the company’s chief operating officer in the near future.

General Motors Company (NYSE:GM): China’s auto market has shown rapid growth, as it has been the world’s largest since 2009, and a role of the new centre is to ensure the requirements and preferences of consumers in China are integrated into GM’s global product development. However, the new facilities located in Shanghai, the GM China Advanced Technical Center, will look after markets other than China’s as well. The company has intentions to develop various technologies and know-how for the global marketplace, along with similar engineering centers in the United States, Germany, and South Korea.

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Toyota Motor Corporation (NYSE:TM) revealed its highly anticipated, redesigned 2013 RAV4 small crossover today at the Los Angeles Auto Show. The vehicle will go on sale early during the new year. The fourth generation of what Toyota has named “the world’s original small crossover SUV” when it released it 16 years ago, was a big even. It has been seven years since the most recent redesign, and nearly all its competitors released flashy new models during this time.

Honda Motor Co., Ltd. (NYSE:HMC): Thursday, Toyota Motor Corp. stated that its Chinese output saw a sharp 61 percent decline, down to 30,591 vehicles. Additionally, Chinese output of Nissan Motor Co. plummeted 44 percent to 61,360 vehicles, as production from Honda Motor Co. dropped 54 percent to 26,302 vehicles.

A123 Systems, Inc. (NASDAQ:AONE): Fisker Automotive Inc. is a California-based maker of rechargeable cars, and it claims that it’s waiting for the Michigan plant that makes lithium-ion batteries for its Karma to go on sale, giving it the ability to continue producing its plug-in sedan. A123 Systems Inc. is Fisker’s sole battery supplier, and it filed for bankruptcy in October, which paused Karma’s assembly over past month, according to Chief Executive Officer Tony Posawatz’s statements yesterday at the Los Angeles Auto Show. A123 intends to sell assets, including the Michigan plant, at a Dec. 6 auction, where Johnson Controls Inc. (NYSE:JCI) and China’s Wanxiang Group Co. will be bidding. “Because we have no batteries, there’s no production right now. Inventory is starting to get a little low,” Posawatz stated during an interview, without elaborating. “We’d like to restart production as quickly as possible. We should know the outcome of the auction by the middle of December.”

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