Ford Racks Up Awards and 3 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F): As the year winds down, Ford Motor Co. just keeps on getting good news for their hybrid and electric vehicles.The 2013 Ford Fusion Energi, already named, “Green Car of the Year” by Green Car Journal, has now landed a United States Environmental Protection Agency rating of 108 miles per gallon equivalent (MPGe) in the city, making it the most fuel-efficient sedan in the U.S. The vehicle received a combined 100 MPGe rating with a 92 MPGe highway rating.
General Motors Company (NYSE:GM): The sale of a former General Motors plant in north-central Ohio is raising hopes that new jobs will be coming. Representatives of a Miami-based firm that will own the former auto factory near Mansfield said they have two potential tenants that could bring 1,100 jobs combined. General Motors Co. shut down the plant three years ago. The factory had opened in 1955.
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Toyota Motor Corporation (NYSE:TM) will pay more than $1 billion to settle a class-action lawsuit related to sudden acceleration in Toyota vehicles. The agreement does not resolve dozens of personal injury and wrongful-death suits against the auto company, however.
Tesla Motors, Inc. (NASDAQ:TSLA), maker of Model S electric cars, has now opened their Supercharger stations in the eastern United States. The cars, which have a 265-mile range with the 85-kWh battery, can now take a driver from Washington to Boston. The 443-mile trip cuts through New York City and is one of the most heavily traveled transportation routes in the world. Tesla plans to put more Supercharger stations in the area and intends to eventually provide all the electricity from solar power.
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