GM Offers Incentives and 4 Auto Stocks Make Headlines
Ford Motor Co. (NYSE:F) made the statement today that it hopes to increase the production of its small diesel engine to supply North American demand for the Transit commercial van. Ford’s Struandale Engine Plant located in Port Elizabeth, South Africa, and it will increase capacity by 31,000 engines a year of the 3.2-liter five-cylinder Power Stroke diesel that should be an option on the new 2014 Transit going on sale in the U.S. next year. Also, it is to be paired with a 6-speed automatic transmission that was built in Livonia.
General Motors Company (NYSE:GM): As Chevy Silverado and GMC Sierra pickup trucks has piled up on dealer lots, General Motors has begun to offer great deals with the intention of thinning the stock. It has begun to match or beat discounts from its rivals, Ford and Chrysler, as it offers as much as $9,000 off of the rest of the 2012 models and close to $4,500 off 2013 models. This, along with low interest rates, sweet lease deals and abundant financing, is good news for people in the market for a truck.
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Toyota Motor Corporation (NYSE:TM) has been fined $17.4 million by the federal government for not reporting problems to regulators quickly enough and for delaying a safety recall, reports the Associated Press. This fine was the fourth penalty that was levied against the automaker by the U.S. during the recent two years, according to the news service.
Honda Motor Co., Ltd. (NYSE:HMC) ” nailed” the redesign of its mid-size Accord vehicles, according to Consumer Reports, Bloomberg reported last night. This new Accord has become better in regards to competing offerings from Toyota (NYSE:TM) and Hyundai, Bloomberg quoted the magazine as claiming.
Tesla Motors, Inc. (NASDAQ:TSLA): JP Morgan has begun to cover Tesla Motors, as it gives the stock a Neutral rating and a $37 price target.
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