Tesla posts $282 million 1st-quarter lossWed, 04, May 2016
Customer deposits for the $35,000-and-up Model 3 sedan helped Tesla raise cash on hand during the first quarter of 2016 as it reported a wider net loss of $282 million. Revenue rose 22 percent to $1.1 billion.
2 top Tesla manufacturing execs to leave as biggest challenge loomsWed, 04, May 2016
Two top manufacturing executives are leaving Tesla Motors, including the global head of production, at a time when the electric-car company is preparing to launch its most important car: the mass-production Model 3.
Why Lithia plans to ratchet up tech hiresMon, 02, May 2016
Lithia Motors expects its service and parts business -- both warranty and customer-pay -- to rise due to the back-up of recalled vehicles and the increased number of cars on the road.
Braman technician training becomes a community serviceMon, 02, May 2016
Dealer Norman Braman gives back to the Miami community by giving its young adults all-expenses-paid training to become service technicians.
Continental expects no major hit from carmakers' price cutsWed, 04, May 2016
Continental is bracing for tough talks with Volkswagen and other carmakers over prices, though it does not expect to take a major hit on its results, finance chief Wolfgang Schaefer said.
Porsche r&d chief Hatz to leave company; Steiner named successorTue, 03, May 2016
Porsche said its development chief, Wolfgang Hatz, has left the company amid parent VW Group's emissions scandal. His successor is Michael Steiner, the brand's head of quality management.
Porsche picks new r&d chief as suspended Hatz quitsTue, 03, May 2016
Porsche AG's supervisory board has appointed Michael Steiner as new head of r&d, replacing Wolfgang Hatz who will leave the sports-car maker at his own request.
FCA's Marchionne adds Ferrari CEO title after Felisa retiresMon, 02, May 2016
Ferrari appointed Chairman Sergio Marchionne to replace Amedeo Felisa as CEO with "immediate effect," adding yet another title for the Italian-Canadian manager, who also runs Fiat Chrysler.
The 'junk bond king' held court at 4 a.m.Mon, 02, May 2016
Former Ford and Chrysler public relations chief Jason Vines is out with a new book - this one co-authored by former American Motors CEO Joe Cappy. The Last American CEO describes Chrysler's acquisition of AMC from Renault in 1987 - a momentous deal largely because then-Chrysler CEO Lee Iacocca got his hands on Jeep.
De Nysschen takes the long view on profit marginMon, 02, May 2016
Cadillac President Johan de Nysschen told Reuters in at the Beijing auto show last week that he is targeting an 11 percent operating margin in 10 years for the brand. Of course, GM never reports the profit margins of its units, and de Nysschen declined to give incremental contributions of Cadillac to GM profits before the 10-year mark.
Ferrari raises forecast after Q1 profit jumps 19%Mon, 02, May 2016
Ferrari said net profit rose 19 percent to 78 million euros ($90 million) in the first quarter, its first as an independent company.
Fiat heir will speak at Europe congressMon, 02, May 2016
Fiat heir Lapo Elkann, who has held numerous jobs in the family business, will be among the speakers at the Automotive News Europe Congress in Munich on June 8.