Ford to Compensate 2014 C-MAX Hybrid Buyers and 2 Other Hot Stocks to Watch
Ford Motor Co. (NYSE:F): Current price $16.40
On Thursday after the close, Ford announced a series of upgrades to the 2014 C-MAX Hybrid, ranging from improved gearing and additional aerodynamic pillars and deflectors to lower wind drag to higher-quality engine oil. Beyond that, the automaker says that from now on, it will test fuel economy on the C-MAX separately, and reduce its claimed gas mileage on the vehicle to 43 mpg.
To compensate buyers of the car who assumed that the old mpg number (47 mpg) was accurate, Ford says it will make “goodwill payments” of $550 to current C-MAX owners and $325 to lessees. In a statement, the company said that, “The enhancements to the 2014 C-MAX Hybrid are expected to improve customers’ on-road fuel economy, especially at highway speeds.”