By Chris Lange
Tesla has been upgraded by several analysts of late. Deutsche Bank upgraded the stock on Monday on the heels of a very positive analyst initiation from Pacific Crest last week. Both analysts see Tesla’s stock price marching above $300.
By Alan Ohnsman
Tesla shares rose to a record after a Deutsche Bank AG analyst raised his target price and rating for the electric-car maker’s shares, citing his expectation for faster growth.
South Korean automakers may threaten the global dominance of automakers such as Volkswagen and Toyota, but they are losing ground at home to fast-growing rivals.
Imports from foreign brands – especially premium automakers such as BMW and Mercedes-Benz – have been rising for years despite an overall market that has been stagnant at about 1.4 million units.
by Aditi Shah
Strong sales of luxury Jaguar and Land Rover vehicles helped Tata Motors triple its first-quarter net profit, more than making up for a drop in domestic sales.
Following shareholder approval of the proposed merger of Fiat and Chrysler, Sergio Marchionne, who heads both companies, now faces an uncertain few months as he waits to find out if he has to postpone the tie-up because too many shareholders want to be bought out.
