Auto Stock Roundup: Honda EV Activities, Volkswagen Crossover Versions In Focus
Zacks Investment Research | Dec 27, 2017 09:29PM ET
It was a usual week for the auto sector. Honda Motor Co., Ltd. (NYSE:HMC) , which till sometime back was not that active on the electric vehicle (EV) front, has finally changed its stance. The company now plans to develop all solid-state batteries for EVs. This is in sync with the global automakers’ heightened EV activities. In fact, a large number of automakers across the globe are coming up with next-generation car batteries in order to lower vehicle emissions.
Also, keeping in mind the changing preference of consumers toward crossovers, Volkswagen (DE:VOWG_p) AG (OTC:VLKAY) is reportedly planning to add new versions to its two crossover models, Atlas and Tiguan. The latest editions will enable the German auto giant to offer compact crossovers at a lower price.
On the other hand, recall issues are still plaguing automakers across the globe. Fiat Chrysler Automobiles N.V. (NYSE:FCAU) announced that it is recalling around 1.8 million Ram trucks, primarily in North America, to fix a gearbox defect. The defect may cause trucks to accidentally shift from parking mode and start moving.
(Read the previous roundup here: Zacks Investment Research
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