Honda Announces Massive Recall and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F) Executive Chairman is the high bidder for the oldest-known surviving Ford automobile, which was sold at an RM Auction in Hershey, Pennsylvania, in October for $264,000. The buyer’s identity is being kept private.
General Motors Company (NYSE:GM) Opel factory located in the German city of Bochum will be closed by 2016 at the latest. Also, the factory works council and Opel executive told staff about the closure at a staff meeting on Monday. This will be the first closure of a German auto plant since WWII.
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Toyota Motor Corporation (NYSE:TM) has intentions to announce a customer service campaign next month. The campaign is intended to replace emergency trunk release units in nearly 700,000 Lexus vehicles, according to Consumer Reports.
Honda Motor Co., Ltd. (NYSE:HMC) is recalling 807,000 SUVs in the U.S. along with nearly 63,000 SUVs in other countries since it is possible that the vehicles could roll away after being shifted into park, according to the Detroit News. The U.S. recall will include 2003-2004 Honda Odyssey and Honda Pilot vehicles, and 2003-2006 Acura MDX vehicles.
A123 Systems, Inc. (NASDAQ:AONE) claims that it received approval from U.S. Bankruptcy Court in Delaware to sell its assets to Wanxiang America Corp. Furthermore, the court granted approval for A123 to sell its government business to Navitas Systems.