3 Auto Stocks Going Places: GM’s Production Problems, Ford’s Fusion Keeps Rolling, Toyota’s Hybrid Hopes
General Motors Co. (NYSE:GM): Though the auto market has proven to be incredibly strong throughout the year, GM still hasn’t been able to gauge the demand for its vehicles — its V8-equipped pickups, to be specific. The Chevy Silverado and GMC Sierra have been flying off the showroom shelves faster than GM can produce them, and the company is now facing production constraints due to a supplier’s ability to produce certain drivetrain parts for the 5.3-liter V-8 engine, the most popular powertrain choice.
Ford Motor Co. (NYSE:F): Ford’s redesigned Fusion has been a powerful part of the automaker’s lineup, and it could surpass the 300,000 unit level for sales as the midsize sedan segment remains a driving force with consumers. What makes the Fusion so notable is that the car has managed to take market share without the broad use of discounts or incentives. Further, Ford executives say that the demand has been favoring higher-end trim levels.
Toyota Motor Corp. (NYSE:TM): Chairman Takeshi Uchiyamada — known affectionately as the “father of the Prius” – wants to see hybrid sales in the U.S. rise to 5 million units in three years, 72 percent more than the 2.9 million hybrids sold in the U.S. until August. “It’s only when we put ourselves under the same kind of intense pressure we faced in developing the Prius that we can achieve great goals,” Uchiyamada said at the Economic Club of Washington on Monday.
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