Toyota Bumps Up Sales Forcast, On Pace For Largest Profit in Five Years

Toyota Bumps Up Sales Forcast, On Pace For Largest Profit in Five Years
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Toyota now expects to sell 2.63 million vehicles in North America following a strong third quarter of sales where the Japanese automaker outsold Ford Motor Company for the first time in 15 quarters. Continue Reading...

Tesla Posts Growing Loss, Signs Deal with Mercedes

Tesla Posts Growing Loss, Signs Deal with Mercedes
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The Tesla Roadster (right) has impressive acceleration and handling, you also never have to buy gas for it, but at more than $100,000 it’s pretty expensive. Their current one-car offering and the big price tag didn’t help the company. They posted a $65.1 million net loss in the past quarter, up from the $34.9 million they… Continue Reading...

Jaguar Land Rover On Track Toward $1.6-Billion Profit

Jaguar Land Rover On Track Toward $1.6-Billion Profit
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Five consecutive quarters of being “in the black” has paid off for Jaguar Land Rover. The luxury automaker is set to make over a billion pounds in profit ($1.6 billion) after strong sales around the world, especially in Asia. In the last three months of 2010, the company netted a record profit of $440 million. Just… Continue Reading...

Recalls Be Damned! Toyota Annual Profits Up 48 Percent

Recalls Be Damned! Toyota Annual Profits Up 48 Percent
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Despite record recalls and public humiliation over quality control scandals, Toyota announced that it expects to see a profit of $3.35 billion by the end of their fiscal year in March, a 48% increase. Toyota sales rose 24 percent in April,  as strong incentives helped Toyota move cars like the Corolla and Prius. Despite the… Continue Reading...

BMW Saves Money Thanks To Partnership With Mercedes-Benz

BMW Saves Money Thanks To Partnership With Mercedes-Benz
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BMW announced today that it is on track to save about $5.2 billion by 2012, by spending less on components and through a strategic partnership with Mercedes-Benz. A report by Bloomberg said that BMW will surpass its goal of cutting $5.2 billion. “We can say that from today’s perspective we will certainly and easily reach… Continue Reading...