Ford Toys With Carbon-Fiber and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F): Ford Motor Co. showed off a prototype carbon-fiber hood that could be used in high-volume manufacturing of their battery-electric and plug-in hybrid electric vehicles. The carbon-fiber hood will take Ford a step closer to making an affordable version of the material usually associated with race cars and high-end sports cars. According to the automaker, carbon fiber is one-third the weight of steel and would help them, by the end of the decade, to cut the weight of their cars by up to 749 pounds.
General Motors Company (NYSE:GM): In the newly created position of Vice President of Global Public Policy, Robert Ferguson will be responsible for marketing, sales (which will transition in the new year), brand management and advertising for the Cadillac around the world. The move is effective immediately. He will report directly to General Motors Company’s chairman and Chief Executive Officer, Dan Akerson.
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Toyota Motor Corporation (NYSE:TM): According to the Associated Press, Toyota Motor Corporation and Honda (NYSE:HMC) saw sales of their vehicles decline in China this past September due to anti-Japanese sentiment over a territorial dispute. Toyota said sales of new vehicles in China declined 48.9% from a year ago to 44,100 vehicles while Honda’s September sales dropped 40.5% to 33,931 vehicles. China sales for Nissan (NSANY) declined 35.3% to 76,100 vehicles.
Honda Motor Co., Ltd. (NYSE:HMC): After consumers shunned Japanese cars amid a territorial dispute between Asia’s two largest economies, Honda Motor Co., Ltd. sold the fewest vehicles in more than a year.
Tesla Motors, Inc. (NASDAQ:TSLA): After opening several stores without much push back, Elon Musk’s ambition to replicate the Apple experience in Tesla factory stores is now facing potential roadblocks. Dealer associations in a handful of states and state regulators in at least one case say Tesla’s stores violate state franchise laws that prohibit factory ownership of dealerships. Electric-vehicle maker Tesla now operates seventeen stores in ten states and the District of Columbia, most in shopping malls. Another six are scheduled to open this fall.
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