While everyone is racing to produce the most fuel-efficient car in the market, Ford Motor Company (NYSE:F
, F message board
) is making a bold statement with its 2013 C-Max Energi hybrid car.
The company came out with a claim that its new C-Max Energi plug-in hybrid is capable of pulling 620 miles on a full fuel tank and single charge, according to the Environmental Protection Agency (EPA). Such a rating would mean that Ford trumps the Prius hybrid by Toyota Motor Corporation (NYSE:TM) by 80 miles of range and the Chevrolet Volt by a hefty 240 miles.
Ford is pushing even further, with an EPA mpg equivalent of 100, comparing favorably against the Prius at 95 mpg and the Chevy Volt with a combined mpg-e of 98. On top of all that, Ford also claim their 2013 C-Max Energy can drive you over 21 miles on electricity alone. The company plans to introduce mpg-e figures of over 100 with their new Fusion Energi car.
In less pleasant news, Ford issued another recall announcement, this time pulling over 260,000 Fiesta vehicles. The recall targets a problem with passenger seat curtain airbags that may not open under certain conditions if the seat is empty. This could threaten the safety of passengers riding in the rear seats of the car. The recall will affect Fiestas in the 2011-2013 model range, constructed in Mexico between late 2009 and 2012.
All recalled vehicles are used on the territory of the Americas, the largest portion of about 150,000 in the USA. Ford reported that luckily there were no injuries caused by the faulty airbag and the issue will be fixed by adjusting the control module of the vehicles.
Ford traded in average volume yesterday and climbed up a notch, closing a percent up at $10.41 per share.
IMPORTANT FORD UPDATE: October 18th 2012 - F is making a chart pattern that has been seen 259 times since the year 2000. 61.39% of the stocks that have made this pattern went up over 6% 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