5 Top Auto Stocks Driving Forward
Ford Motor Co. (NYSE:F): Who says that all fuel-conserving gasoline-electric hybrid cars have to be snub-nosed, rounded and not so great to look at? Not designers at Ford Motor Co., whose 2013 Ford Fusion Hybrid is arguably the most attractive hybrid car in the United States market. Most people won’t recognize this new, curvy model as a relative of last year’s Ford Fusion. Some sports car enthusiasts thought the test 2013 Fusion Hybrid received styling ideas from an Aston Martin luxury sedan. Even better, the extensively-revised-for-2013 Fusion Hybrid is quiet inside and larger than its predecessor, has European handling and is rated at 47 miles per gallon in combined city/highway driving by the federal government.
General Motors Company (NYSE:GM): The Michigan Hispanic Chamber of Commerce is proud to announce that Ernesto M. Hernandez, the President and Managing Director of General Motors de Mexico, will be the keynote speaker at their 23rd yearly Fiesta Hispana Gala that will be held at The Henry in Dearborn on Friday, December 7, 2012. Appointed in 2011, Mr. Hernandez is the executive responsible for managing General Motors business operations in Mexico where GM provides direct employment to 14,000 people in facilities in the states of Mexico, Guanajuato, Coahuila, San Luis Potosi and Mexico City. Mr. Hernandez has the distinction of being the first native-born Mexican to hold this executive position.
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Honda Motor Co., Ltd. (NYSE:HMC): Japanese car maker Honda Motor Co., Ltd. said that they will launch their first diesel vehicle in India and Thailand. It will be an entry-level sedan named ‘Amaze’, developed on the platform of their existing small car ‘Brio’. The details of the model will be announced later this month in Thailand and during the next financial year, 2013-14, in India, Honda Cars India said in a statement.
Tesla Motors, Inc. (NASDAQ:TSLA): Tesla Motors, Inc. usually makes headlines for their technology. Their new Model S is the first entirely electric vehicle to be named car of the year by Automobile Magazine. However, today’s news is not so good as a judge in New York will begin a lawsuit against the company about how Tesla sells their cars. The problem is that Tesla sells their car through their own store instead of through a local dealership. Robert O’Koniewski, the Executive Vice President of the Massachusetts State Automobile Dealers Association, is suing Tesla for opening a store in a local mall. According to O’Koniewski, in Massachusetts, the franchise law 93B prohibits a manufacturer from owning a dealership. An auto dealer association is New York is also suing Tesla.
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