Ford To Sell Solar Panel System Alongside With Electric Cars

- Ford To Sell Solar Panel System Alongside With Electric Cars



Aug 17, 2011

Ford Motor Company (NYSE:F) is joining forces with SunPower to offer a rooftop solar system option, which will be sold alongside the upcoming Ford Focus EV. The "Drive Green For Life" program, as its being called, includes mounting solar panels on a customer's home.

Pricing and an exact launch date for the new 2012 Ford Focus isn't available yet, but the car will go on sale first in California and New York in Q4 2011.

Ford also plans to launch 5 other electric or hybrid-electric models in 2012 in North America, and in Europe by 2013.

Ford Motor (NYSE:F) has a potential upside of 81.1% based on a current price of $11.07 and an average consensus analyst price target of $20.05.

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General Motors Recalling 15,000 Buick LaCrosse, Chevy Impala

- General Motors Recalling 15,000 Buick LaCrosse, Chevy Impala



Aug 12, 2011

The Detroit News reported that General Motors (NYSE:GM) is set to recall about 15,000 new Buick LaCrosse and Chevy Impala models in North America.

The recalls will reprogram software in some LaCrosse vehicles and inspect power steering hoses in Impalas.

General Motors (NYSE:GM) has a potential upside of 64.4% based on a current price of $26.3 and an average consensus analyst price target of $43.25.

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Chrysler and Dodge Recalls 300,00 Minivans

- Chrysler and Dodge Recalls 300,00 Minivans



Aug 5, 2011

Chrysler has recalled just under 300,000 2008 Dodge Caravan, Chrysler Grand Voyager, and Chrysler Town and Country minivans due to air bags that inadvertently deploy, according to Consumer Reports.

The car company announced the leak in the air conditioning and heating system may cause the occupant restraint control module to fail, which could lead to an air bag deployment without warning or illumination of the air bag warning light.

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Chrysler Group Reports June Sales Up 30% From June 2010

- Chrysler Group Reports June Sales Up 30% From June 2010



Jul 1, 2011

Chrysler Group LLC reported U.S. sales of 120,394, a 30% increase over June of 2010 and its best month since 2007.

Reid Bigland, Head of U.S. Sales for Chrysler said, "Thanks to our alliance with Fiat, we now have 12 models that have EPA-rated highway fuel economy of 25 miles per gallon or higher, and four of those models get 30 mpg or more. This business is all about product and consumers are rapidly discovering everything we now have. Each Chrysler Group brand is contributing to our success and driving our 46 percent retail sales growth."

The company's Jeep brand posted a 74% year-over-year sales increase, the largest of Chrysler Group brands.

For the first six months of the year, Chrysler's sales are up 21% from 2010.

The company finished the month with a 68-day supply of inventory, 314,065 units. Chrysler estimates industry-wide sales figures for the month of June were at a seasonally adjusted annual rate of 11.8 million.

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Ford's June Sales Grow 13.6% Year-Over-Year

- Ford's June Sales Grow 13.6% Year-Over-Year



Jul 1, 2011

Ford Motor's (NYSE:F) June sales totaled 194,114, growing 13.6% from June 2010, the company reported today.

Ken Czubay, Ford vice president, U.S. Marketing, Sales and Service said, "Strong demand for Ford's fuel-efficient cars and crossovers continues, and we now are seeing truck buyers return to the market with significant appetite for our fuel-efficient V6 engines. The Fiesta and Focus are driving Ford's retail share gains in markets beyond our traditional geographic areas of strength. In California, Ford's retail share is the highest since 2006. We also have seen gains in the East and Southeast."

Ford's small cars powered the sales figures, as the all-new Fiesta and the Ford Focus accounted for 26,920 sales in June, up 66% from a year ago. The Fiesta and Focus recently were named to Kelley Blue Book's 2011 Top 10 Coolest New Cars Under $18,000.

Ford's utilities were also strong, with 6-month sales now totaling 280,875, a 25% increase over the first six months of 2010, making it the top selling utility brand in the U.S.

Shares of Ford Motor are trading up 1.16% at $13.95.

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General Motors Invests $49 Mln on Bedford Powertrain Facility

- General Motors Invests $49 Mln on Bedford Powertrain Facility



Jun 8, 2011

General Motors (NYSE:GM) announced an investment of $49 mln on its Bedford powertrain plant in order to acquire tooling and equipment towards creating components for its announced 8-speed transmission as well as for an upcoming small engine program.

The transmission is expected to improve fuel economy in some of the company's lineup of future vehicles, while the gasoline engine is viewed as a key element towards fuel economy leadership in the small four-cylinder engine segment. The investment is also expected to create or retain 91 jobs.

The investment is part of GM's $2 billion program to generate jobs at multiple facilities in several states announced last May 10, 2011.

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U.S. Automakers Prepare for Massive Factory Hiring

U.S. Automakers Prepare for Massive Factory Hiring



May 31, 2011

General Motors (NYSE:GM), Ford (NYSE:F) and Chrysler (FIATY) are preparing for a massive factory hiring as the companies boost production to satisfy the returning appetite for new vehicles. All three automakers have recalled many laid-off workers after eliminating tens of thousands of hourly jobs during the downturn. All new entry-level workers from now on will start at about $14 an hour, about half the veteran wage, and less than the average U.S. manufacturing wage of $18.89 an hour, according to the Bureau of Labor Statistics.

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