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Tesla to raise $830 million from investors, repay U.S. debt
Fresh off its first profitable quarter, Tesla Motors Inc. plans to raise about $830 million in a stock and debt offering that will enable the electric car maker to pay off its $465-million federal loan. Founder Elon Musk, who owns 33 million shares,...
Tags: Solyndra LLC, Elon Musk, Manufacturing and Engineering, Fuel-efficient Vehicles, Tesla
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As Tesla taps capital markets for cash, share price could top $100
Tesla Motors shares are trading at about $90 and could easily top $100, buoyed by its ability to tap capital markets for about $1 billion through its announced sale of stock and convertible notes. It is an impressive performance that will help the...
Tags: Media Industry, Solyndra LLC, Manufacturing and Engineering, Fuel-efficient Vehicles, Nissan Motor Co.
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Fiat moving to the U.S.? Chief has hinted at why it might make sense
Reports out of Europe suggest that Fiat SpA, the 114-year-old Turin, Italy-based automaker, has a headquarters move to the U.S. under consideration. If it happens, the move would likely occur after Fiat's planned merger with Chrysler Group. It would...
Tags: Jeep, Chrysler, Kelley Blue Book LLC, Sergio Marchionne, Manufacturing and Engineering
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Better than used: Certified pre-owned cars more popular, report says
Used car sales were down overall in the first quarter of 2013, but certified pre-owned cars are more popular than ever, Edmunds.com says. Sales of certified pre-owned cars or CPOs, as the auto industry refers to them, were up 6.2% in the first quarter,...
Tags: Mercedes-Benz, Acura, Cadillac, Manufacturing and Engineering, BMW
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Mercedes-Benz unveils all-new 2014 S-Class
This is the Mercedes-Benz you’re familiar with. After spending the early part of 2013 introducing new small cars like the CLA and the all-electric B-Class to the U.S. consumer, the German automaker returned its attention on Wednesday to a car...
Tags: Mercedes-Benz, Manufacturing and Engineering, Hybrid Vehicles, Fuel-efficient Vehicles, Automotive Equipment
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Letters: No free money for Tesla
Re "Tesla drives state credits to the bank," May 6 Tesla Motors is an example of an innovative, homegrown California industry. It is building ultra-clean cars and providing employment for 2,800 people in a formerly abandoned car factory. This...Tags: Tesla Motors, Inc., Hybrid Vehicles, Conservation, Fuel-efficient Vehicles, Environmental Issues
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Cars, home improvement give April retail sales a boost
Spring’s arrival late in April gave retail sales a light boost as Americans emerged from hibernation to spend on cars, gardening goods and building supplies. From March to April, sales rose a slight 0.1% after declining a revised 0.5% from...
Tags: Economic Indicator, Petroleum Industry, Home Improvement, National Retail Federation, Services and Shopping
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China auto sales up 13% in April as consumer market expands inland
China's consumer auto buying, once largely confined to more affluent coastal areas, has begun to spread to inland areas, helping boost April sales in the world's largest market by 13%, experts said. Chinese consumers bought 1.4 million cars in April,...
Tags: Chrysler, Jeep, China, Ford, Cadillac
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Toyota annual profit more than triples, sales rise 18.7%
Riding a wave of increased auto sales, a weakening Japanese yen and a fresh lineup of vehicles, Toyota Motor's profits more than tripled during its most recent fiscal year. The Japanese automaker said earnings for the fiscal year ended March 31 rose...
Tags: Kelley Blue Book LLC, Japan Earthquake and Tsunami (2011), China, Manufacturing and Engineering, Volkswagen
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Toyota profit booms
Toyota's quarterly profit more than doubled to 313.9 billion yen ($3.2 billion) as cost cuts and better sales worked with a weakening yen to add momentum to the automaker's comeback. Toyota Motor Corp., which last year reclaimed the title of world's...
Tags: Honda, Foreign Exchange Market, China Earthquake (2010), Earnings, Prius
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Competition for truck buyers heats up
Trucks are the hottest segment of the U.S. auto industry this year, as housing and construction rebound and small businesses open the purse strings to replace aging equipment. Sales are up 11% through the first four months of this year, far above the...
Tags: Auto Trends, Chrysler, GMC, Chevrolet, Ford
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Tesla drives California environmental credits to the bank
When Tesla Motors reports its first-ever profit Wednesday, much of the money will come courtesy of the state of California. In its zeal to push electric cars into the market, the state has created a system in which Tesla can make as much as $35,000...
Tags: Sergio Marchionne, Honda, Fuel-efficient Vehicles, Environmental Issues, U.S. Environmental Protection Agency
May 15, 2013
|Story| Los Angeles Times
May 17, 2013
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May 16, 2013
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May 16, 2013
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May 15, 2013
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May 13, 2013
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May 9, 2013
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May 8, 2013
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May 4, 2013
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May 5, 2013
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