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Tesla loses $38 million in third quarter
Wed, 06 Nov 2013Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.
Lexus LF-NX Concept Compact SUV/Crossover makes a statement: Frankfurt 2013
Thu, 12 Sep 2013The Lexus LF-NX SUV/Crossover Concept (pictured) arrives at Frankfurt We actually saw the first photos of the Lexus LF-NX – a more compact SUV/Crossover Concept – in the run-up to the Frankfurt Motor Show, and it certainly looked dramatic. In the flesh, the LF-NX actually looks even m0re dramatic; it’s almost cartoon-like in its styling and proportions. Looking a little like Lexus have taken their statement spindle grill, made it bigger and created a body design using origami, the LF-NX is certainly not a shy and retiring, understated Lexus.
Ford sees bump in sales of fuel efficient cars, vehicles with smaller engines
Mon, 06 Jun 2011Ford customers are showing continued preference for new fuel-efficient models and powertrains with less muscle. Combined sales in May for the new Fiesta and Focus totaled 29,423--a 32 percent increase from a year ago. Ford sold 7,120 copies of the Fiesta and 22,303 of the Focus.