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Ford Motor Co.’s (NYSE:F) C-Max Energi press release’s headline from yesterday is the vehicle’s top electric-only speed. Ford claims that the C-Max Energi is able to travel 85 miles per hour only on electricity. This is 20 mph more than the Toyota Prius Plug-in Hybrid. The extra speed on only electricity will apparently occur when drivers engage the “EV Now” button. However, the fine print states that the “gasoline engine will not operate unless…the accelerator pedal [is] full depressed.” It also explains that the “drivers are given coaching cues to maximize EV mode.” The shares traded up $0.02 (0.27%) recently at $9.38.
General Motors Company (NYSE:GM): A frustrated but upbeat General Motors CEO informed employees that he is trying to wipe out fiefdoms which have stayed in the company and to bring its culture into the 21st Century. Chief Executive Dan Akerson told workers at a meeting on Thursday that GM has made progress in minimizing its bureaucracy, but he pushed them to be leaders and to repair problems instead of being told what to do. “You shouldn’t stand around waiting for somebody to tell you where we’re going to go,” the former telecommunications and private equity executive stated. “We’ve got to get this company and the culture into the 21st Century.” The shares traded up $0.24 (1.18%) recently at $20.62.
Toyota Motor Corporation (NYSE:TM) President Akio Toyoda met with Brazilian President Dilma Rousseff to announce intentions to build a $500 million engine plant in Sao Paulo state. The plant, to be built in the city of Porto Feliz, is expected to start operating in 2015, Toyoda informed reporters following his meeting on Wednesday with Rousseff. The shares traded up $0.70 (0.86%) recently at $81.64.
Honda Motor Co., Ltd. (NYSE:HMC): Hyundai Motor Co. (7269.TO), which is the second-ranked car maker in India, sold about 27,500 cars in July, a 7.8 percent increase. Sales in India of Toyota Motor Corp. (NYSE:TM) Ford Motor Co. (NYSE:F), General Motors Co. (NYSE:GM), Honda Motor Co., Volkswagen AG (VLKAY), BMW AG (BMW.XE), Fiat SpA (FIATY) and Daimler AG’s Mercedes-Benz decreased in July. The shares traded up $0.18 (0.56%) recently at $32.49.
Tesla Motors, Inc. (NASDAQ:TSLA) CEO Elon Musk argues that he will not stop until every car is electric. The shares traded up $0.40 (1.38%) recently at $29.49.
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