Honda DELIVERS First 2013 Fit and 4 Auto Stocks Drive Forward
Ford Motor Co. (NYSE:F) priced its C-MAX Energi plug-in hybrid lower than its rivals, Chevrolet Volt and Toyota Prius. The shares traded down $0.11 (1.20%) to close at $9.06.
General Motors Company (NYSE:GM) Canada intends to announce its new development investments at its Oshawa, Canada engineering center, reports the Detroit News. The shares traded down $0.28 (1.45%) to close at $19.02.
Toyota Motor Corporation (NYSE:TM) Canada announced that it intends to invest over $100 million as well as hiring nearly 400 employees to increase production of the Lexus RX at its Cambridge, Ontario facility. Overall Lexus RX capacity is to increase by 30,000 vehicles reaching 104,000 units, which includes 15,000 RX450h vehicles, the hybrid electric version of Lexus. This investment will push Toyota’s Canadian annual production capacity to 500,000 units. The shares traded down $1.25 (1.68%) recently at $72.98.
Honda Motor Co., Ltd. (NYSE:HMC) has delivered its first all-electric Honda Fit EV to a couple residing in Southern California, the company announced today. The 2013 Honda Fit EV is the newest in Honda’s diverse and expansive portfolio of alternative-fuel vehicles, which earns a combined adjusted Environmental Protection Agency (EPA) mile-per-gallon-equivalency rating of 118 MPGe1, as well as an unprecedented low consumption rating of only just 29 kilowatt hours (kWh) per 100 miles. The shares traded down $0.58 (1.87%) recently at $30.48.
Tesla Motors, Inc. (NASDAQ:TSLA): In regards to car sales, many people credit creative advertising, technological advancements, clever branding, or affordability to a manufacturer’s success. Tesla Motors Inc.’s hands-on showrooms may be what assists its sales. The company recently introduced the electric Model S which brought in a huge consumer response. The shares traded down $0.82 (2.67%) recently at $29.84.
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