Electric-vehicle manufacturer Tesla, seller of the expensive but well-regarded Model S sedan (and formerly seller of the Tesla Roadster), is still in its startup phase. Revenue is climbing sharply, but it’s not cheap to launch a new automobile brand and develop new cars, and that is showing in Tesla’s bottom line net income numbers. But, as , one statement stood out in Tesla’s raised a few eyebrows because of how much money Tesla made selling pollution credits to other manufacturers.
If you like cars, you’ll love AutoRama. It’s the premiere event during the winter months when inclement weather puts the kibosh on outdoor car shows. If you’ve been to one, you know what I mean. If you haven’t, here’s the top five reasons to check one out; highlights from last weekend’s .
Land Rover has released the first official teaser image of the upcoming 2014 Ranger Rover Sport which will make its official debut at the 2013 New York Auto Show later this month and bring buyers of this luxurious SUV a performance oriented alternative when it goes on sale later this year. Unlike most teasers where you’re seeing only a snippet of the vehicle in question, Land Rover went with the motion-blur look for this one.
In the latest twist in the fierce duel between BMW and Audi for first place in the heated global luxury car sales race, BMW has overtaken its longtime rival to regain first place after posting stronger than expected February sales numbers.
I like to think that when life deals me lemons, I usually have the ability to turn them into lemonade. And so, about two weeks after my wife and preschool-age son were in a serious auto accident (they were hit by a tractor trailer in our old 2008 Sienna, but miraculously walked away from the accident), we went back into debt and purchased a new van. But, the good news is that this is the first new vehicle that my family has purchased since Techshake has begun long-term testing new vehicles that our staff members purchase. So my family’s misfortune means that you will learn what it was like to buy, and what it’s like to live with a new Toyota for the next several years. Hopefully this time, it will last us more than five years, and give us as trouble-free of a life as its predecessor gave us.
Today, General Motors announced that it will invest $250 million in its CAMI assembly plant in Ingersoll, Ontario. The plant, formerly a GM-Suzuki joint venture that Suzuki pulled out of in December 2009, has been one of GM’s busiest, producing the hot-selling Chevrolet Equinox and GMC Terrain. The investment will add 336,000 square feet to the plant, and will house the new body shop tooling and equipment, according to the CAMI Assembly plant manager, Les Bogar.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by Congress and signed by President Obama into law in July 2010, contains a number of requirements on both public companies and on banks. For instance, all public companies must include a shareholder vote on executive compensation, at a schedule decided by the shareholders (between every one and three years). Dodd-Frank also requires that the 20 largest banks in the U.S. be subjected to an annual “stress test” to determine whether they would be able to handle another severe economic downturn, as was experienced just a few years ago. Having seen the published results, Ally are not an accurate characterization of its health.
Talk about a company’s dream come true: Ford and its fellow U.S.-based automakers are lobbying Congress in favor of a proposed Europe-U.S. free trade agreement. No surprises there: big businesses typically love agreements that lower trade barriers (though the companies were not universal in their praise of the recent free-trade deal with South Korea, or for a proposed one with Japan).