Honda to Increase Chinese Production and 4 Auto Stocks to Watch
Ford Motor Co. (NYSE:F) is becoming part of the DIY revolution and has begun to provide 3D printers at workstations for its engineers. Also, the company has intentions to put the smaller MakerBot replicators at every engineer’s desk in the near future. Ford calls this its commitment to engineering.
General Motors Company (NYSE:GM): Union workers at Detroit’s two most prominent auto makers may see big profit-sharing payouts for the year. The United Auto Workers union officials informed members employed at General Motors Co. that they should expect profit-sharing checks for up to $7,000 early next year, say two people who were questioned. Ford Motor Co.’s 2012 payouts could exceed $8,000, based on a pay formula that was described in the UAW contract.
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Toyota Motor Corporation (NYSE:TM) continues to be working toward record global sales of 9.7 million units during 2012, as it trumps Volkswagen (VLKAY) and General Motors (NYSE:GM), which were both predicted to sell slightly over 9 million units during the year, according to a Nikkei report.
Honda Motor Co., Ltd. (NYSE:HMC) and Toyota (NYSE:TM) started to raise Chinese production as sales recover, according to Nikkei. Honda output is at 90 percent, and Toyota returned to two-shift operation at some plants as they moderated production costs.
A123 Systems, Inc. (NASDAQ:AONE): Wanxiang Group, which now owns A123 Systems Inc, claims that concerns regarding the battery maker being transformed into a total Chinese company are overblown.
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