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.
BMW, others lead shake-up of once-closed Korean market
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.
strong Jaguar, Land Rover sales triple profits at Tata Motors
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.
Fiat Chrysler merger now awaits shareholder buy-in
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.
Lexus Sees $375,000 LFA Supercar Return After Generation
By Craig Trudell and Yuki Hagiwara
Long live the Lexus supercar.
Toyota’s Lexus, which ended a two-year production run of the $375,000 LFA in 2012 after manufacturing 500 units, may build a successor to the 552-horsepower car, Executive Vice President Mark Templin told reporters today. The long-term plan has President Akio Toyoda’s backing, he said.
