The EcoBoost 1.0 liter engine by Ford Motor Company (NYSE:F
, F message board
) won a 2012 Breakthrough Award from the Popular Mechanics Magazine.
The three-cylinder engine was highlighted for its ability to provide great power through its turbocharge capacity and at the same time provide fuel economy through its small cylinder volume. The engine actually has the smallest displacement among all vehicles the Dearborn automaker produces. At the same time it can offer a solid 123 horsepower and 125 lb-ft of torque. So far the engine is only sold in vehicles in Europe but is expected to claim new ground in the U.S. as well as the rest of the world.
Popular Science also awarded Ford competitor General Motors Company (NYSE:GM) for their very own crash prevention system, comprising of a camera mounted near the rear view mirror than follows the lines of the road and can detect obstructions. The system was first used in General Motors' GMC Terrain SUV.
Ford and General Motors have also been voicing their support for the E15 fuel mixture, a 15-85% mix of ethanol and gasoline. GM recommended using E15 fuel in their 2012 and newer models, while Ford issued their recommendation for 2013 and newer models. E15 gained the approval of the U.S. Environmental Protection Agency for use in all vehicles manufactured after 2001. This means that about 80% of vehicles in the U.S. can now run on the new, eco-friendly fuel.
Rivals Ford and GM recently announced their joint project to promote fuel efficiency even further by developing new 9 and 10-speed transmissions.
Over last week's last day of trading Ford shares climbed a little to $10.16, an increase of half a percent.
IMPORTANT FORD UPDATE: October 8th 2012 - F is making a chart pattern that has been seen 3,826 times since the year 2000. 55.51% of the stocks that have made this pattern went up over 8% on average in a 20 day period. Watch the video to learn more about the probabilities of F stock moving up or down.
>>Click here to watch the video and learn more