Elon Musk Is Not Jeff Bezos (or Steve Jobs)
Courtesy of Tesla MotorsArtist Andy Warhol once said, “In the future, everyone will be world-famous for 15 minutes.” Elon Musk has had that 15 minutes and then some. However, it is time for him…
Cars and Drivers
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Newest first · Page 272China Car Sales Growth Continues to Falter in July
ThinkstockDespite some year-over-year improvement of sales in July, China’s car market remains relatively troubled, as its sales improvement rate runs slightly behind that of the United States. As the economy in the People’s Republic…
The Zero Percent Car Loan Will Cripple Industry
courtesy of Daimler Global MediaOn the front page of the General Motors Co. (NYSE: GM) Chevy website is a list of all its models that won the recent 2013 J.D.Power Initial Quality award —…
Tesla Hits Another Home Run
Courtesy of Tesla MotorsTesla Motors Inc. (NASDAQ: TSLA) reported second quarter 2013 earnings after markets closed today. For the quarter, the electric car maker posted adjusted diluted earnings per share (EPS) of $0.20 on…
Tesla, Solar City Earnings Preview: Can the Ride Go On?
Courtesy of Tesla MotorsAfter markets close today, two Elon Musk companies, Tesla Motors Inc. (NASDAQ: TSLA) and SolarCity Corp. (NASDAQ: SCTY) are scheduled to report earnings. Both companies have seen impressive stock price appreciation…
Cars on U.S. Roads Getting Older
ThinkstockThe average age of all light vehicles on U.S. roads rose to a record high of 11.4 years in 2013, up from 11.3 years in 2012 and 10.8 years in 2010. The data comes…
GM Price Cut on Chevy Volt Won’t Help
courtesy of General MotorsThe 2014 Chevy Volt from General Motors Co. (NYSE: GM) will hit showroom floors with a sticker price $5,000 less than the 2013 model. Adding in government rebates, the price of…
Fuel Economy of July New Car Sales Ties Record High
ThinkstockOne reason that U.S. drivers are buying less gasoline is that new cars get better gas mileage. The University of Michigan’s Transportation Research Institute has tracked new car sales and fuel economy since October 2007,…
As Most Car Sales Surge, Kia and Hyundai Lag
courtesy of General MotorsOne of the most extraordinary aspects of July U.S. car sales was the evenness of the advance among the largest firms. The exception to that was once-surging Kia and Hyundai, which…
Westport Innovations Facing Less Robust Future Than You Should Expect
ThinkstockWestport Innovations Inc. (NASDAQ: WPRT) is supposed to be one of the biggest winners out there when it comes to alternative engine technology. The problem is that the company’s second-quarter report only brings confusion…
Toyota Posts Spectacular Results Following Ford and GM Earnings
courtesy of Toyota Motor Corp.General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F) each posted earnings above Wall Street expectations last week. The numbers were another sign the car industry, so badly…
July Car Sales Rise Year-over-Year; Slide Compared with June Sales
ThinkstockAutomakers reported July sales throughout the day today, and while sales month-over-month declined, sales compared with July of 2012 came in significantly higher for most automakers. For the full year, the seasonally adjusted annual…
2013 Auto Sales Estimates Raised on Strong July Showing
ThinkstockAutomakers will be reporting July sales tomorrow, and while sales month-over-month are projected to decline, sales compared with July of 2012 are expected to be significantly higher. For the full year, the seasonally adjusted…
Car Brands With the Worst Appeal
courtesy of Daimler Global MediaWhat makes a car appealing to buyers? According to a recent J.D. Power report, consumers know what matters and vote with their wallets. A more appealing car commands a higher price,…
Chrysler Revenue Rises 7% as It Stuggles with Larger Rivals
Courtesy Chrysler Group LLCChrysler posted modest results. While the numbers showed some progress, they also indicate that the company is not a viable competitor to its much larger rivals. The company announced that its preliminary…