Ford Motor Co. (NYSE:F): According to the Detroit News, Ford Motor Co.’s, Chief Operations Officer, Mark Fields, said that the car maker is focusing on improving the quality of their vehicles due to multiple recalls and issues with their infotainment system.
General Motors Company (NYSE:GM) will produce the next generation of their Chevrolet Camaro sports car in Lansing, Michigan and not at the plant in Oshawa, Ontario where they currently assembles the model. While the move is a fresh setback for workers at GM’s Oshawa operation where employment has dwindled over the last decade, it is a win for Michigan’s hard-hit auto sector.
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Toyota Motor Corporation (NYSE:TM) will pay $17.35 million for a recall delay of their Lexus RX 350 and RX 450h SUVs because a floor mat could jam the gas pedal, causing unintended acceleration.
Honda Motor Co., Ltd. (NYSE:HMC): After a rough few years, Consumer Reports is letting Honda Motor Co., Ltd. know that they want to kiss and make up. The magazine is giving a hearty endorsement to the new, revised Honda Accord. Only recently, they gave a tentative thumbs-up to a redone Civic.
Tesla Motors, Inc. (NASDAQ:TSLA), the maker of electric vehicles led by billionaire Elon Musk, said that Daimler AG’s Herbert Kohler resigned from their board and was replaced by another executive at the German automaker. Kohler, a member of Palo Alto, California-based Tesla’s board since Daimler invested in the company in 2009, submitted his resignation on Dec. 12 according to a regulatory filing. Harald Kroeger, Daimler’s Vice President of electrics, electronics, and e-Drive, was made the director, Tesla said.
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