HispanicBusiness

Auto Industry

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.

Chevy Using Soccer to Win Over Chinese Consumers

In China and throughout Asia, where the soccer team has 378 million fans, according to Kantar Media Compete, Chevy hopes that soccer can do for it in China what baseball did for it in the U.S.

U.S. Selling Rest of General Motors Shares

The federal government indicated on Monday it has entered the final stages of divesting itself of partial ownership in the country's premier car producer, General Motors.

Volvo Posts $74 Million Loss for 2012

Sales declined more than 6 percent for Volvo Car Corp. in 2012. Weaker sales in the European and China markets are to blame.

Automotive Industry Notes

Coda Automotive may have declared bankruptcy but in general the U.S. industry has been going strong.

BMW Profit Drops Amid Slump in Europe, China Markets

Luxury automaker BMW posted a 4.5 percent fall in first-quarter profit on Thursday amid a slumping European market and weaker demand in China.

Ford to Add 2,000 Workers at Missouri Plant

Surging demand for pickups has spurred Ford to add 2,000 jobs at the Missouri plant that makes the F-150 pickup.