Industry

Tesla is making money despite losing money. It released its third quarter financial information yesterday and posted a net income loss of $110.8 million for the quarter compared to a loss of $65.1 million. Its revenue was down 13% to $50.1 million...

Hyundai and Kia announced on November 2 a voluntary initiative to reduce some of its cars' fuel economy ratings. The reduction affects about 900,000 vehicles sold between the 2011 and 2013 model years and decreases Hyundai and Kia's averag...

America's voters might have re-elected President Obama, but investors appear not to be as happy. As of this writing the DOW is down about 2%, and the NASDAQ is down roughly the same. But what does the re-election mean for the American auto ind...

Ferrari is doing very well through the third quarter and set a record for cash held by the company. It has elected the former Apple Senior Vice President Internet Software and Services Eddy Cue to the board.  In the first nine months...

Ford's Michigan Assembly Plant has been converted from building two full-size SUVs a decade ago to being the only factory in the world that builds gasoline, electric, hybrid and plug-in hybrid cars on the same production line. The factory is a...

Audi has started production of the first Q7s to be built in Aurangabad, India. It already builds the A4, A6 and Q5 there. Audi plans to add the A3 to models built in India in 2013.  “Local production of the Audi Q7 is part of o...

English luxury coachbuilder Eterniti has launched its first dealer in London in a 10,000ft² (929m²) showroom in Park Royal in north-west London. The company has a single product at the moment- the Artemis SUV, which is already on sale in...

Jaguar Land Rover sold 25,176 cars globally in October, up 10% over a year ago. It has sold 294,291 cars in the first ten months of the year, up 35% over last year.  For the first ten months North American sales are up 15%, up 41% in Euro...

BMW Group continued a strong year in 2012 in October with unit sales up 13.2% to 157,618 cars for the year so far; the company is up 8.8% for the year to 1,493,153 cars.  “Following a record third quarter, the BMW Group posted ...

Renault has completed the installation of 401,500 square meters (99.21 acres) of solar cells at six of its factories that will produce a total of 52.6 megawatt hours of power. The cells cover roughly the area of 60 soccer fields.  ...