HispanicBusiness

Auto Industry

Tesla Proves EVs Can Be Profitable

Tesla Motors has altered the competitive landscape of the fledgling electric car market with an $11 million first-quarter profit and a 17 percent gross profit margin.

Classic License Plates May Come Back to California

California motor heads and car collectors may get the chance to get vintage-looking license plates for their car, with the state eyeing a revival of plates issued from the 1950s through the 1980s.

Detroit 3 Score High on Auto Quality Survey

The Detroit Three did well on Strategic Vision's 2013 quality study with the Dodge Dart, Ford Fusion and Chevrolet Volt getting the best scores in their respective segments.

Minivans Put on Rust Alert

U.S. regulators are watching about 100,000 Ford and Mercury minivans for potential rust problems.

KMI Invests $22 Million in Expansion

Kalida Manufacturing Inc. is a tier-two stamping and welding plant that manufactures auto frame sub-components for Honda vehicles.

Like US, China Slow to Embrace Electric Vehicles

Fears that China will overtake the U.S. in the race to put electric vehicles on the road have fizzled.

Toyota Sales Rise 18.7 Percent, Profits Triple

Toyota Motor said earnings for the fiscal year ended March 31 rose to $9.7 billion from $2.8 billion, the largest annual profit in five years.

Toyota Profits More Than Double

Toyota's profit more than doubled in the January-March quarter as cost cuts and better sales worked with a weakening yen to add momentum to the carmaker's comeback.

Ford to Sponsor Detroit Fireworks Show

Ford will become the lead sponsor of the annual fireworks display on the Detroit River in a partnership announced by The Parade Company.

Ford Seeks Unsung Heroes in SoCal

As part of its ongoing commitment to support local communities, Ford Motor Co. is kicking off the Ford Freedom Unsung Program in Southern California.

Suzuki Profit Jumps 49 Percent

Suzuki's net profit in the financial year that ended in March rose from a year earlier to $814.5 million because of the depreciation of the yen and increased sales in Japan and other Asian countries, the company said Thursday.

Much on the Line for GM With 2014 Silverado

Not only is the pickup the company's best-selling vehicle in the U.S., it has been a catalyst in GM's slingshot comeback from bankruptcy nearly four years ago.

Model S Drives Tesla to First Profit

Electric car-maker Tesla posted the first quarterly profit in its 10-year history as strong sales of its luxury Model S sedan drove it to record revenue.

China Approves GM's $1.3 Billion Plant

China has approved U.S. automaker General Motors' plan to build a $1.3 billion plant in Shanghai, the official media said.

GM Defends China Investments as Sales Rise

General Motors' sales in China rose 15% in April from a year earlier, but the automaker rebutted a Wall Street Journal opinion column that accused it of using U.S. taxpayers' money to support operations in China.