Ford Serves Escape Recall, Electric Car Technology and 3 Auto Stocks Driving Forward

Ford Motor Co. (NYSE:F): Those who own the 2013 Ford Escape, which was recalled last week because of a fire risk, will get “special handling,” Ford Motor Co. said to its dealers and NHTSA. The shares traded down $0.04 recently at $9.17.

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General Motors Company (NYSE:GM): At Plug-in 2012 in San Antonio, Texas, SPX Service Solutions (NYSE:SPW) announced its intentions to trial Plugless Power wireless charging technology on its own Chevrolet Volt electric vehicle. This announcement makes Service Solutions the first of ten companies to announce involvement with the second phase of the Apollo Launch Program, an initiative begun by Evatran, which intends to encourage electric vehicle adoption by following a group of industry leaders while they trial wireless electric vehicle charging. This means Service Solutions join industry leaders involved in the first phase of the Apollo Launch Program including Google (NASDAQ:GOOG), Hertz (NYSE:HTZ), and Duke Energy (NYSE:DUK).

Toyota Motor Corporation (NYSE:TM): A van production deal with Toyota was announced by PSA Peugeot Citroen (PEUGY), which increases the pressure on unions to make concessions on pay and conditions, or there will probably be a second closure of a French factory, according to Reuters. Next year, both automakers will jointly develop future van models which will be assembled at Sevelnord, but this will only occur if the plant’s unions agree to improve productivity, according to Peugeot.

Honda Motor Co., Ltd. (NYSE:HMC) will begin leasing the electric version of the Fit subcompact to government agencies and companies in Japan at the end of August, but the automaker will not lease the vehicle to customers in the location yet because of a current lack of recharging infrastructure, according to the Nikkei.

Tesla Motors, Inc. (NASDAQ:TSLA) recorded a profit margin of -159.32 percent for the previous 12 months, as well as an operating margin of -158.00 percent. The shares traded down $1.13 recently at $30.66.

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