3 Auto Stocks Going Places: Ford to Keep Fusion Price Stable, GM to Expand Diesel Lineup, and Tesla’s Devoted Home Market
Ford Motor Co. (NYSE:F): Ford intends to keep the price on its Fusion sedan stable even as output increases with new plants that will be seeing boosted production. The car currently commands a $1,176 premium above the average in the midsize car segment, and analysts expect the company to produce between 350,000 and 380,000 Fusions this year.
General Motors (NYSE:GM): Automotive News reports that GM is working to bring diesel engine options to its new Chevy Colorado and GMC Canyon trucks as a part of a growing movement that’s seeing more diesel units showing up in American pickup trucks. Unlike the Silverado and Sierra, though, the Canyon and Colorado will be smaller, midsize pickups and will likely come equipped with a version of GM’s 2.5-liter or 2.8-liter four-cylinder Duramax turbodiesels, which are already in service abroad, the publication reports.
Tesla Motors (NASDAQ:TSLA): The California New Car Dealers Association released a report that shows Tesla’s Model S sedan is beating out its luxury brethren: It’s ranked ahead of the Lexus GS and Audi A6 with 4,714 registrations through the first six months of the year and has taken a 12 percent slice of the California luxury vehicle market.