Westport and GM Develop Natural Gas Engines and 3 Auto Stocks Drive Headlines
Ford Motor Co. (NYSE:F): The Ford Actions Impacting Retirees Alliance, an association for Ford (NYSE:F) retirees, recently hired accountants and consultants which will review the automaker’s ideas to provide lump sum pension payouts through this summer, reports the Detroit News. Previously, FAIR argued that Ford’s plan was a “win,” but a “certain loss” for those taking the payout. The shares closed flat $0.00 (0%) Wednesday at $10.01.
General Motors Company (NYSE:GM) and Westport Innovations (NASDAQ:WPRT) have entered into another agreement for an additional program for technology development. Westport and GM are currently developing two separate combustion, controls and emissions approaches to natural gas engines, with the first announced during June 2011. Both GM and Westport continue bringing extensive knowledge as a means to develop these approaches. The new program will result in optimized advanced natural gas technologies as well as maximum CO2 reduction applications and fuel efficiency for light duty automobiles. The shares closed down $0.19 (0.96%) Wednesday at $19.66.
Toyota Motor Corporation (NYSE:TM) and Seven-Eleven Japan have come to an agreement under which Seven-Eleven will lease 3,000 electric vehicles with a single-seat, according to the Nikkei. Leasing fees and other details are not currently disclosed. The shares closed flat $0 (0%) Wednesday at $76.29.
A123 Systems, Inc. (NASDAQ:AONE): According to Mid-Continent Instrument, by signing a distribution and supply agreement with A123 Systems under which Mid-Continent will offer the advanced Nanophosphate lithium-ion battery technology by A123 for aviation purposes. The shares closed up $0.01 (.65%) Wednesday at $1.55.
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