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Tesla loses $38 million in third quarter

Tesla 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.

Toyota recalls 35,000 cars

CA MAKER Toyota is recalling more than 35,000 UK cars after it discovered faults that could deactivate airbags, cause seats to move while driving or, in a rarer case that involves undue force, break steering columns. The three separate issues affect some RAV4, Hilux, Yaris and Urban Cruiser models, Toyota said. The Japanese company said there had been no reports of accidents, injuries or fatalities linked to the issues from anywhere in the world, but it was recalling the 35,124 UK-registered vehicles in line with the Driver and Vehicle Standards Agency (DVSA) code of practice.

Honda Fit arrives in US showrooms next summer

Honda Motor Co. president Takanobu Ito says the redesigned Fit, due in U.S. showrooms next summer, is the company's “most important” car.