Tesla shares raced higher Thursday after founder Elon Musk tantalized fans via Twitter with a hint the electric carmaker will unveil a new model next week.
Category Archives: Useful Information
GM predicts Europe profit in ’16, ending years of losses
General Motors said it expects its first profit in Europe in more than a decade in 2016 and that it will also hit its targeted 10 percent operating profit magin for North America the same year.
GM had previously said it would hit those targets by mid-decade, but it offered the more specific timetable at its investor meeting at the company’s test track outside Detroit.
Mercedes slightly overstated fuel economy in C300 compact sedans
by Bernie Woodall
Daimler AG’s Mercedes-Benz will have to lower its labeling of fuel economy ratings on two all-wheel drive compact sedans, the U.S. Environmental Protection Agency said on Wednesday.
Ford’s warning to the world
By Lawrence Lewitinn
Ford shares are stalling out, and the decline could have broader implications for the stock market, according to some market watchers.
September new-car sales rise, Spain 26%, France 6%, Italy 3%
New-car registrations in Spain rose 26 percent in September to 57,010, the market’s 13th consecutive month of growth, car manufacturers’ association Anfac said today.
That followed a rise of 14 percent in August, helped by continued support from a government car-buying subsidy program.
