Tesla, Elon Musk report 'historic' $312 million Q3 profitAuto News

Tesla reported net income of $312 million for the third quarter, its first GAAP profit in two years, as revenue doubled amid rising production of the Model 3 sedan.

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Tesla reports $312 million profit in Q3 as Model 3 deliveries surgeAuto News

Tesla reported net income of $312 million for the third quarter, its first GAAP profit in two years, as revenue doubled amid rising production of the Model 3 sedan.The company posted a net loss of $619.

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Ford posts 37% earnings decline on China challenges, retreats on profit margin goalAuto News

Poor results in China and other overseas markets contributed to a 37 percent drop in third-quarter net income for Ford, and the automaker backed off its goal of raising its global profit margin to 8 percent by 2020.

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Ford's Q3 net income falls 37 percent behind challenges in China, company backs off 2020 profit margin goalAuto News

Ford on Wednesday posted a 3 percent revenue gain to $37.6 billion, driven by higher-profit vehicles in North America like the recently-redesigned Expedition and Lincoln Navigator. Its earnings before interest and taxes fell 27 percent to $1.

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Why the D3, Tesla Fell Short in Reliability Study (10/24/18)

Why the D3, Tesla fell short in reliability study; Lexus, Toyota reign again; Lyft accelerates AV...
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Lithia boosts Q3 net income, revenue as it cuts underperforming storesAuto News

Lithia reported net income of $93.1 million in the third quarter, a 79 percent increase over last year.

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Lithia boosts net income, revenue in Q3Auto News

Lithia reported net income of $93.1 million in the third quarter, a 79 percent increase over last year.

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GM's driverless car bet is hitting speed bumps, missing milestones, report saysAuto News

GM's Cruise self-driving car unit has landed $5 billion in commitments from SoftBank and Honda to develop a robot taxi that can safely navigate city streets. But the plan is hitting speed bumps.

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Domestic brands languish in Consumer Reports' latest vehicle reliability surveyAuto News

The Detroit 3 and Tesla were at the bottom half of Consumer Reports' 2018 Auto Reliability Survey. The top American brand in Consumer Reports' 2018 Auto Reliability Survey was Ford, and it finished 18th out of 29 marques.

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consumer-reports-reliability-survey-detroitAuto News

The Detroit 3 and Tesla were at the bottom half of Consumer Reports' 2018 Auto Reliability Survey.

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How Intel is managing its $15 billion acquisition of MobileyeAuto News

While Mobileye continues to chase the goal of autonomous driving, it is reaping the benefits of being part of larger company Intel.

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Why Ally Financial ditched the Clearmatch pilotAuto News

Ally Financial axed Clearmatch, a pilot program designed to connect customers with lenders and dealerships, just eight months after launching the feature.

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Dealers use app to help customers save on auto insuranceAuto News

Some dealerships are relying on DealerPolicy, a digital insurance platform that allows customers to compare quotes for car insurance while still in the dealership.

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Dealers grapple with buyers' interest rate expectationsAuto News

As interest rates continue to climb, car buyers are taking notice. And many of them are objecting to rates offered by dealerships.

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Why Daimler Financial is experimenting with avatarsAuto News

Through Daimler Financial Services' investment in Soul Machines, a developer of emotional intelligence for use in machines and digital avatars, customers may be able to make their purchase and finance decisions with advice from an avatar.

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Tesla's Shanghai factory to produce 2 models in first phaseAuto News

The new factory aims to manufacture Model 3 and Model Y cars, with annual capacity of 250,000 vehicles.

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Customers could someday work with avatars to finance with DaimlerAuto News

Through Daimler Financial Services'

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Offering competitive auto insurance from the store helps dealers cut customer costsAuto News

Some dealerships are relying on DealerPolicy, a digital insurance platform that allows customers to compare quotes for car insurance while still in the dealership.

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Ally ends Clearmatch pilot Auto News

Ally Financial axed Clearmatch, a pilot program designed to connect customers with lenders and dealerships, just eight months after launching the feature.

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Overcoming interest rate objectionAuto News

As interest rates continue to climb, car buyers are taking notice. And many of them are objecting to rates offered by dealerships.

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Why Volvo is investing in this California EV charging firmAuto News

Volvo, which has aggressive plans to electrify its lineup starting next year, has acquired a stake in vehicle charging company FreeWire Technologies.

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Ford will halt production in Spain for 9 days because of low demandAuto News

Engine production will also be halted for 13 days next month, a company spokesman said. Part of the Spanish production of Ford engines is sent to Canada for assembly of its Edge model.

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Self-driving car industry needs better metrics, DOT official saysAuto News

Autonomous vehicle manufacturers need a better yardstick to show that their products are safe, said Derek Kan, undersecretary for policy at the U.S. Department of Transportation.

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Tesla increases new Model 3 price by $1,000Auto News

Tesla has increased the price for its new Model 3 sedan launched last week by $1,000 to $46,000, according to the company's website.

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Has Tesla finally turned corner on profit promise? Auto News

After months of "production hell," then a period of mayhem involving Elon Musk, Tesla may finally be entering a new era -- one in which it makes money.

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Has Tesla finally turned corner on profit promise? Auto News

After months of "production hell," then a period of mayhem involving Elon Musk, Tesla may finally be entering a new era -- one in which it makes money.

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CEOs at Hyundai, Kia pledge cooperation with U.S. over rash of firesAuto News

The global bosses at Hyundai and Kia are still weighing a congressional call to have their top U.S. executives testify about a rash of reported noncollision fires in their vehicles as they work with regulators to address safety concerns.

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Ford will halt production Spain for 9 days because of low demandAuto News

Engine production will also be halted for 13 days next month, a company spokesman said. Part of the Spanish production of Ford engines is sent to Canada for assembly of its Edge model.

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