Tesla Announces Dealership Plans and 4 Auto Stocks Making Headlines Now
Ford Motor Company (NYSE:F): Current price $13.06
On Wednesday, Ford revealed details of the 2014 Ford FiestaST RallyCross car which will be on display at the Chicago Auto Show. This new race car will continue to represent Ford in the Global RallyCross Championship in which its Fiesta race cars have performed well.
General Motors Company (NYSE:GM): Current price $28.47
General Motors is vying with Volkswagen in a race to be the world’s number-two automaker behind Toyota Motor Corporation. On Thursday, GM will roll out a diesel Chevrolet Cruze to go up against VW’s Jetta in the United States.
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Toyota Motor Corporation (NYSE:TM): Current price $102.69
Toyota has retooled its Tundra pickup so as to rival the big players in that genre, such as Ford, Chrysler Group and GM, while truck sales seem set to top the gains seen in overall domestic automotive sales, according to Reuters.
Honda Motor Company (NYSE:HMC): Current price $38.12
Honda intends to make a major product statement at the Geneva Motor Show on March 5th as it launches important models such as the Acura NSX hybrid, which is quickly moving towards toward production, said a company press release. Also included will be an estate wagon concept based on the Civic sedan. Honda suggests that the concept will “strongly hint at the design direction of the final production version.”
Tesla Motors (NASDAQ:TSLA): Current price $39.49
Electric car maker Tesla Motors recently said that it will open 25 additional dealerships this year, which would be almost double the 13 it opened in 2012. The first new location is scheduled to open this spring in China. Tesla says that the remaining dealerships will be divided between the United States and other international markets.
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