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Tesla records 2nd profit as public company

UPDATED: 10/26/16 7:37 pm ET - adds Musk remarks

For just the second time in its history as a public company, Tesla Motors reported net income, making $22 million net for the third quarter. The company on Wednesday attributed the gains -- which broke a 13-quarter streak of losses -- to record production, deliveries and revenue.

Penske Automotive Q3 net rises 1.1% to $88.5 million

Penske Automotive's third-quarter net income rose 1.1 percent as gains in gross profit margins in the U.S. for new and used vehicles were offset by foreign exchange-related losses and lower global profit margins for vehicle sales.

2017 Mini Cooper Countryman becomes biggest in brand history

While the next-gen 2017 Mini Cooper Countryman may have “Mini” on the hood, it’s actually the biggest vehicle in the brand’s history. Mini increased the 2017 model’s length by 7.8 inches overall and increased the wheelbase by 2.9 inches.

Audi quits Le Mans to focus on electric car racing

Audi will end its involvement in Le Mans next year after almost two decades to focus on racing electric cars. The move marks a shift in strategy as parent company Volkswagen Group battles to recover from its diesel-emissions scandal.
Audi pilots corporate car-sharing fleet in latest mobility push

More News Most Read Photo Galleries Voices

As we approach the 100th anniversary of NADA in 2017, Automotive News invites you to take a look back at the best of our coverage, including past president's interviews, video highlights and more. In January, we'll mark the occasion with a special issue that looks at NADA's past, present and future. Click here to view our special NADA 100 coverage.

Japan Inc. gets serious about cybersecurity

Japan's carmakers are still seen as slow to adapt to the vulnerabilities of connected cars. But with the advent of autonomous driving just over the horizon, Japan Inc. is finally getting serious about cybersecurity. Cybersecurity threat helps forge friendships