3 Auto Stocks Going Places: Tesla Sets Sights on Europe, Ford’s EV Issue, GM Ponders the Adam for U.S.
Tesla Motors (NASDAQ:TSLA): Though it’s not revealing any new models or any significant refreshes at this year’s Frankfurt Motor Show in Germany, Tesla is taking the opportunity to introduce its ambitious plans for European expansion. New locations are slated for Vienna, Amsterdam, Paris, London, and Geneva, among others; for existing Tesla owners, the majority of Europe will live within driving distance of a Supercharger station by the end of next year, CEO Elon Musk said.
Ford Motor Co. (NYSE:F): While all eyes are on Frankfurt, Ford’s Focus EV is under investigation for “the tendency to simply stop providing its own momentum under certain conditions.” The problem, as reported by one driver, sounds eerily reminiscent of the same problem Ford had with some of its F-150s. “[The] vehicle abruptly lost drivetrain power and came to a sudden stop in the left-hand lane of a major surface street in San Jose,” the driver said, according to the National Highway Traffic Safety Administration. “The vehicle suddenly displayed the warning ‘Stop Safely Now.’ Attempts to restart or reboot the car failed leaving us dangerously stranded in moderate traffic for over 20 minutes until a nearby resident helped us to push vehicle to safety.”
General Motors Co. (NYSE:GM): When one thinks of Buick, chances are that a small hatchback doesn’t come to mind, and justifiably so. But GM seems to be exploring the notion of bringing the Opel Adam, which is just that — a small hatchback — to the U.S. under the Buick insignia. However, “Nothing is decided,” the company said to Automotive News. “But it’s an example of some of the Opel product being used elsewhere in the world.” With a price of about $15,000 in Europe, it would be the cheapest Buick on sale should it make it to the U.S.