3 Auto Stocks Going Places: Toyota’s Infotainment Innovation, Tesla Takes Action, GM’s New Regal
Toyota Motor Corp. (NYSE:TM): Toyota is taking a new approach to in-car entertainment and features by piloting a test in Europe that will charge customers $60 per year for navigation and entertainment apps for its 2014 Corolla. Customers will get one year free as a trial before having to pay the annual fee. Toyota Europe added Google Maps’s Street View and Panoramio features in addition to a package of apps that includes real-time traffic powered by TomTom, local search, fuel prices, parking information, and weather.
Tesla Motors Inc. (NASDAQ:TSLA): Tesla may decide to take its battle over direct sales to customers to the federal level if it finds more failures on the state level. The company, which uses a model reminiscent of Apple’s in setting up relatively few physical stores, claims that direct sales to customers is key to its profitability and growth in the United States. It faces resistance from automobile dealerships, as Tesla’s challenge could threaten their businesses.
General Motors Co. (NYSE:GM): General Motors revealed the price of its new Buick Regal, which will cost $700 more than the 2013 model at slightly over $30,000. The vehicle comes equipped with a 2-liter, four-cylinder engine that incorporates an electric motor as part of GM’s light hybrid design.
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