Tesla Wins Award and 4 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F): According to Reuters, Ford Motor Co., Mazda, and Chongqing Changan Automobile will raise their investment in the engine plant that is located in Chongqing City by $37.3 million.
General Motors Company (NYSE:GM): According to the Detroit News, General Motor Company’s venture capital arm, GM Ventures, and six other companies have invested $23 million in Proterra, the electric bus maker’s new round of financing. In 2011, GM Ventures invested $6 million into Proterra.
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Toyota Motor Corporation (NYSE:TM): According to Bloomberg, Toyota Motor Corporation saw their Chinese sales decline over the last two months and now they anticipate the desire for Japanese cars to return to levels before territorial dispute protests erupted in September.
Honda Motor Co., Ltd. (NYSE:HMC) will introduce a “refreshed” Civic at the Los Angeles Auto Show next week. The current Civic debuted as an all-new car a year ago, but has been widely criticized for its bland styling, uninspired interior and average performance. That is not the sort of reception a Civic typically gets. Consumer Reports did not give the compact car a “recommended buy” rating which previous Civics had always received.
Tesla Motors, Inc. (NASDAQ:TSLA): Electric car manufacturer Tesla Motors, Inc. has won the Swedish Renewable Energy Award 2012 from the Swedish Wind Energy Association. The award was given at the Vind conference in Stockholm and the winner drove the electric car right up to the stage.