Tesla Expands and 4 Auto Stocks Drive Forward
Ford Motor Co. (NYSE:F): After reports indicated that the automakers’ hybrids aren’t obtaining the mileage promised by them, Ford Motor Co. is having discussions with the Environmental Protection Agency about the methods they use to test the fuel efficiency of their hybrid vehicles.
General Motors Company (NYSE:GM): According to the Detroit News, Mark Reuss, General Motors President of North America, said that the automaker is aiming to outsell Ford’s (NYSE:F) F-Series trucks with their brand new 2014 Chevrolet Silverado and GMC Sierra 1500 pickups. Reuss said the new trucks are more fuel-efficient than the current generation.
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Toyota Motor Corporation (NYSE:TM): According to the Nikkei, Toyota Motor Corporation is planning to increase parts acquisition for Tohoku as they turns the region into a production base for small cars. The automaker’s new factory in Miyagi Prefecture will initially produce engines for the Aqua hybrid subcompact.
Honda Motor Co., Ltd. (NYSE:HMC): The latest version of Honda Motor Co., Ltd.’s Marysville-made vehicle was named one of three finalists for the 2013 North American Car of the Year award alongside the latest Ford Fusion and the Cadillac ATS.
Tesla Motors, Inc. (NASDAQ:TSLA) has wanted to extend their horizons beyond North America for awhile and we now know exactly where this will be. Later this month, the automaker plans to open a distribution center in Tilburg, Netherlands. The plant will serve as a point of assembly for the continent’s cars while also handling imports, parts, repairs and training, including support for the Model S and Roadster.
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