3 Auto Stocks Going Places: GM Takes Top Spot, Ford Looks to China For Exports, and Honda Ups the Hybrid Ante
General Motors (NYSE:GM): GM has replaced Toyota (NYSE:TM) in the top slot in J.D. Power’s Initial Quality Study, for the first time in the 27 years that the study has been executed. Chevrolet, Buick, GMC, and Cadillac all ranked above average in the study, and even displaced the traditional luxury marques in the top five. Overall, vehicle quality fell — due largely to problems with high-tech infotainment systems — while the more mechanical components strengthened.
Ford Motor Company (NYSE:F): CEO Alan Mulally, while musing on China, believes that the country could eventually — and in time – become a major export hub for the automaker, helped greatly by its partnership with Jiangling Motors which has seen Ford’s capacity in China increase. Not so great news for the domestic market, which has seen Ford’s production moved out to places like Mexico as the company seeks to widen its margins.
Honda Motor Co. (NYSE:HMC): In addition to losing its crown to GM, Toyota has another issue to worry about: the new Honda Accord hybrid supposedly boasts fuel economy superior to that of its comparable hybrid Camry. Honda has announced that the new hybrid version of its best-selling sedan will average around 47 mpg, with 45 on the highway and an impressive 49 in the city. The Camry, meanwhile, manages 41. It all sounds good, but the biggest deciding factor will be Honda’s so-far unreleased price.
Don’t Miss: GM Breaks the Mold for This Top Honor.