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Tesla Targets Huge Expansion in China
7/31/2014U.S. electric carmaker Tesla Motors Inc. plans to open about 100 service centers in China by the end of 2015, accounting for roughly one-third of its facilities worldwide.
Tesla’s Quarterly Loss Doubles
7/31/2014Tesla Motors Inc. hiked its second-quarter revenue 89% to $769 million, as deliveries of its $75,000 Model S electric sedan climbed to nearly 7,600 units against a target of 7,500.
New GM Lawsuit Aims at Pre-Bankruptcy Ignition Claims
7/31/2014A Texas attorney has filed his second lawsuit in three days on behalf of people claimed to be injured or killed in crashes involving General Motors Co. cars equipped with faulty ignition switches.
Delphi’s Net Profit Rises 4%
7/31/2014Delphi Automotive plc reports its second-quarter net earnings climbed to $382 million from $367 million a year earlier.
VW Group’s Operating Profit Drops
7/31/2014Volkswagen AG's vehicle sales in April-June rose 6% to 2.65 million units.
Toyota Remains World’s Biggest Carmaker
7/31/2014Toyota Motor Corp. sold 5.10 million vehicles in the first half of 2014, retaining its position as the world's largest carmaker.
Hyundai Recalls 883,000 Cars with Gear Shift Flaw
7/31/2014Hyundai Motor Co. is preparing to call back 883,000 of its 2011-2014 model Sonata sedans to check for a possible loose connection between the shift lever and shift cable.
Mazda’s Operating Income Jumps 54%
7/31/2014Mazda Motor Corp.'s operating income surged in its fiscal first quarter to 56.4 billion yen ($549 million) from 36.5 billion yen in April-June 2013.
Daimler Plans Huge Expansion for Sindelfingen Plant
7/31/2014Daimler AG says it will invest €1.5 billion over the next six years to upgrade its big manufacturing complex in Sindelfingen, Germany.
Carmakers Brace for Major Slump in Russia
7/31/2014Foreign carmakers in Russia remain committed to the country's long-term potential, but all are bracing for a "brutal" downturn this year, Automotive News Europe reports.