Despite strong underlying performance, recall-related costs continued to rip cash away from General Motors in the second quarter. Continue Reading...
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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...
Profit increased for Ferrari through the second quarter despite the brand’s decision to slow production. Continue Reading...
Tesla’s stock price rose 24 percent Wednesday after the electric car maker reported its first quarterly profit. Continue Reading...
Every year the Fortune 500 rankings are announced, and it’s usually no surprise to see the big three on the list. This year, however, you’ll find only two of the domestic automakers, though both have moved up the list. Continue Reading...
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...
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...
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 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...