GM Renews El Camino Moniker and 4 Auto Stocks Driving Forward
Ford Motor Co. (NYSE:F) reported that the amount of vehicles it sold in China during November saw a 56 percent boost versus the same period during 2011, Automotive News reports.
General Motors Company (NYSE:GM): As the updated VF Holden Commodore sedan becomes prepared to go on sale in the U.S. next year as the 2014 Chevrolet SS, causing renewed interest in the possibility of an eventual ute version, which is a car-based pickup, and it will also make its way into local showrooms. Only a few years ago, General Motors featured its Pontiac G8 Sport Truck, basically a newer version of the Commodore Ute sold at the time. The vehicle was popular with enthusiasts that labeled it as a modern-day El Camino. Now, the GM Authority discovered via a trademark filing with the U.S. Patents and Trademarks Office that GM renewed its “El Camino” moniker on August 9, 2012. Furthermore, GM also filed for the “Nomad” trademark in May, which was the name of a rear-wheel-drive Chevrolet station wagon.
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Toyota Motor Corporation (NYSE:TM): Two of Richmond International Raceway’s three spring NASCAR Sprint Cup Series races are to be sponsored by Toyota. RIR is one of NASCAR’s most venerable and popular tracks (its first Cup race was in 1953), and it recently announced its multi-year sponsorship package with Toyota.
Honda Motor Co., Ltd. (NYSE:HMC): A report this morning stated that Honda has had more vehicles being built and shipped from North America than taking in vehicles made in Japan, according to the Detroit News.
A123 Systems, Inc. (NASDAQ:AONE) auction is scheduled for Thursday, and it will likely bring both U.S. and foreign bidders against the backdrop of growing pressure from military leaders and politicians to block U.S.-funded technology from being transferred outside the country, mainly to a Chinese-affiliated company. Two of the major players who are very focused on acquiring A123′s assets are Johnson Controls Inc. of Milwaukee, and Wanxiang Group Corp., a Chinese auto parts maker whose North American headquarters is in Elgin, Ill.
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