Toyota Issues Tacoma Recall and 3 Auto Stocks Making Headlines Now
Ford Motor Co. (NYSE:F): After adding about 115 in 2012, Ford Motor Co. expects to increase their total number of dealers in China to about 490 nationwide. Ford has also said that they plan on introducing 15 new vehicles and 20 advanced power trains into the country by 2015.
General Motors Company (NYSE:GM): The new generation of automotive manufacturing workers at a General Motors Co.’s subsidiary are focused on career and environment and they want to work with cutting-edge technology. They are now assembling lithium-ion batteries for the Chevrolet Volt extended-range plug-in and the equivalent cars the automaker sells in Europe and Australia. The Brownstown Battery Assembly Plant, located in a former warehouse, represents the Detroit automaker’s youngest workforce. It is operated by a GM subsidiary, GM Subsystems Manufacturing LLC, and 45% of its hourly workforce is composed of 24-to-31-year-olds.
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Toyota Motor Corporation (NYSE:TM) is recalling 160,000 Tacoma pickup trucks because the spare tire could fall off. The recall is only for Tacoma’s from model years 2001 to 2004 and only concerns drivers in cold weather states and in Canada. Toyota said, “When the trucks were made, the metal plate that keeps the spare tire in place was not coated with sufficient amounts of phosphate to counter rust build-up.”
Tesla Motors, Inc. (NASDAQ:TSLA): According to the Detroit News, A Massachusetts judge refused to prevent electric car maker Tesla Motors, Inc. from operating a mall display store. Car dealers had sued to block the store as they fear that other automakers may try to sell directly to the public.