#Profits

Despite strong underlying performance, recall-related costs continued to rip cash away from General Motors in the second quarter.

Profit increased for Ferrari through the second quarter despite the brand’s decision to slow production. 

Tesla’s stock price rose 24 percent Wednesday after the electric car maker reported its first quarterly profit.

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.

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.

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.

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.

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.