Tesla Reaches Target Production and 4 Auto Stocks Making Headlines Now

Ford Motor Co. (NYSE:F): Current Price: $13.99

Companies like Ford and GM found a quicker path to improved fuel efficiency, which reinvents the manner in which traditional gas-powered cars are built. They have been cutting weight via the substitution of more plastics, aluminum, and magnesium, which includes materials that were once found only in high-end race cars, according to the Wall Street Journal.

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General Motors Company (NYSE:GM): Current Price: $30.28

It has been almost a decade since the launch of the sixth-generation Chevrolet Corvette, and now, GM has revealed its official successor, which is the muscular, carbon fiber-enhanced Stingray. At a press event at the North American International Auto Show in Detroit, GM exec Mark Reuss stated that the Stingray apellation, which was first used on a 1950s Corvette racer, was a good fit for the seventh-generation Corvette.

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Toyota Motor Corporation (NYSE:TM): Current Price: $96.98

Toyota sold about 9.7 million vehicles during 2012, which beats GM’s (NYSE:GM) 9.29 million units and Volkswagen’s (VLKAY) 9.07 million. The Japanese automaker intends to sell 9.91 million vehicles during the year.

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Honda Motor Co., Ltd. (NYSE:HMC): Current Price: $38.62

Honda Motor Co. (7267) has begun to target record sales for the U.S. during the year, and this supported by revamped Accord and Civic models and building on a 24 percent rebound during 2012. Honda’s best year in the U.S. was 1.55 million Honda and Acura vehicles in 2007, Tetsuo Iwamura, the automaker’s executive vice president, claimed in Detroit.

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Tesla Motors, Inc. (NASDAQ:TSLA): Current Price: $33.13

Tesla Motors makes the Model S electric sedan, and it intends to earn its first profit later in the year along with launching a cheaper electric vehicle within three to four years, stated Chief Executive Elon Musk. The 10-year-old electric car maker reached its target production rate for the Model S of 20,000 a year, and it has intentions to launch the Model X, which is a luxury crossover built on the Model S platform, during the second half of 2014, he stated.

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