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Tesla Model X SUV delayed until 2015
Tue, 12 Mar 2013Tesla has revealed that its Model X SUV – based on the Model S – will be delayed until 2015 so Tesla can concentrate on Model S sales. Despite plenty of cynicism in the car industry that Tesla could deliver their Model S saloon at all, never mind at a reasonable cost, Tesla has confounded its critics by not only launching the Model S, but seemingly taking as many orders as it can handle. On the face of it, that’s not surprising.
Chrysler posts $212 million quarterly profit
Thu, 27 Oct 2011Chrysler Group on Thursday reported third quarter net income of $212 million, up from a net loss of $84 million a year earlier. Revenue rose 19 percent to $13.1 billion. The company ended the quarter with $9.5 billion in cash, down from $10.2 billion at the end of the second quarter.
Toyota recalls 86,500 hybrids in the U.S, 250,000 cars total
Wed, 05 Jun 2013Toyota Motor Corp. is recalling 242,000 hybrid vehicles worldwide, including 86,500 Toyota Prius and Lexus HS 250h hybrids in the United States, to fix a braking glitch. The problem affects only model year 2010 Prius and HS 250h vehicles.