Ford Scores Award and 4 Auto Stocks Drive Forward
Ford Motor Co. (NYSE:F) has earned the “Green Car of the Year” award for its new Ford Fusion sedan, by Green Car Journal magazine, which is much different than the past winners that went to pure fuel economy. The Fusion, that went on sale in October, won due to the fact that it is offered with several power trains, which includes a hybrid option that is rated to get 47 mpg and a future plug-in hybrid version which is likely to attain better than 100 miles-per-gallon equivalency.
General Motors Company (NYSE:GM) redesigned large Chevrolet Silverado and GMC Sierra pickups, with a softer look, will be released next year, and it should be followed by a new line of smaller pickups during 2014 to attract customers who are willing to accept less towing power or payload capacity for better fuel economy, reports the Wall Street Journal. The pickups have been the company’s highest-volume models in the U.S., and analysts predict that they will gain an outsize share of the auto maker’s global profits. “When you see our trucks, they’ll look powerful, but not overdone,” stated Mark Reuss, who leads GM’s North American operations, “The truck market is changing. People are ready to see something beautiful, refined and highly engineered.”
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Toyota Motor Corporation (NYSE:TM) has begun to consider upgrades for the 2013 Toyota RAV4, and only a few days after it introduced the car at the Los Angeles auto show. Auto Express has reported that Toyota could potentially introduce a hybrid version of the new RAV4 crossover.“We are watching the market. After introducing the new RAV4 we will see. There will be a possibility of introducing a hybrid RAV4 and we will respond to what the market wants,” Toyota RAV4 engineer Yoshikazu Saeki informed AE.
Honda Motor Co., Ltd. (NYSE:HMC) revamped its Civic compact as a way to repair the flaws that were constantly attacked by critics, according to the Associated Press. Furthermore, analysts claim Honda showed concern that the flaws could possibly harm sales and market share.
Tesla Motors, Inc. (NASDAQ:TSLA): Only a week after winning the Car of the Year award, the Tesla Model S price has increased, the company announced today. The is set to increase by $2,500 from January 1 next year. As of now, the car starts at $57,400, prior to a $7,500 federal tax credit; which will increase to $59,900 next year.