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Ford Motor Co. (NYSE:F): Ford Motor Co. had a production launch of their latest plug-in hybrid at a former SUV factory that now serves as a model for the second largest United States automaker’s global manufacturing strategy. According to the company, with production of the C-Max Energi, the Michigan Assembly Plant is now the only factory in the world to build gas-powered, hybrid, plug-in hybrid and electric cars all on the same production line. ”In the future, globally, we’ll have plants that produce multiple platforms, multiple power train choices and multiple body styles,” said Jim Tetreault, head of manufacturing in North America.
General Motors Company (NYSE:GM): Mattel’s Hot Wheels division partnered with General Motors Company to create a special Hot Wheels version of the Chevrolet Camaro. The special edition car, shown at a custom car trade show, will only be available for a limited time and will cost about $7,000 more than a standard-issue Camaro. The two brands originally generated interest in a Hot Wheels Camaro when a gleaming green concept car was displayed around the country at car shows last year. However, this just-announced car doesn’t look much like that green machine as it is too expensive and difficult to maintain for use on a production car.
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Toyota Motor Corporation (NYSE:TM): According to Bloomberg, a report from last night stated that over 15,000 Chrysler (FIATY), Nissan (NSANY), Toyota, (NYSE:TM), and Honda (NYSE:HMC) vehicles will have to be scrapped since they were totaled by Hurricane Sandy.
Honda Motor Co., Ltd. (NYSE:HMC): For 2013, diesel-loving Europeans will enjoy yet another new economical diesel, this one is the Honda Civic i-DTEC which Honda Motor Co., Ltd. suggested that drivers across the pond will embrace. “An exciting new chapter in the history of Honda diesels has begun with the arrival of the brand’s hotly anticipated 1.6-litre i-DTEC engine. This is the first engine to be launched in Europe under Honda’s flagship Earth Dreams Technology environmental program, and it will offer customers an outstanding balance of high fuel economy, low emissions and exciting performance.”
Tesla Motors, Inc. (NASDAQ:TSLA): Following report issued this past Tuesday, Jefferies Group reaffirmed their buy rating on shares of Tesla Motors, Inc. They currently have a $36.00 target price on their stock, up from their previous target price of $34.00.
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