Tesla Motors Inc. the electric car manufacturer reported a loss in the third-quarter earnings report. It said that the company's loss figures almost doubled when compared to last year's figure, to $75 million. The loss is attributed to the rising expenses of manufacturing, sales and development as the company tries to keep up with the growing demand.
A recent report reveals that an increasing number of car buyers are lagging behind in their payments when it comes to repaying of auto loans.
In the struggle to sustain coma back in the post recession years automobile companies are embracing tactics which experts feel could lead to trouble in the future.
Fiat has overcome a big hitch that faced its long time planned merger deal with Chrysler Group LLC as the company said that the number of shareholders who are looking forward to sell their shares was not enough to outshine a threshold which could cause a delay to the process.
Fiat's tie up will create a distinct universal automaker that will be called Fiat Chrysler Automobiles.
It all started four years back with a simple ride of Tesla Motors Chairman Elon Musk's Roadster sports car when his guest Akio Toyoda, the president of the largest auto manufacturer took it out for a drive.
A CNN Money report says that Lyft in a recent accusation against its largest rival Uber has said that the employees of the rival company ordered for thousands of rides before cancelling them.
The data that was provided to CNN Money by the car-sharing app. Lyft, 177 of the drivers from Uber all over the country booked rides and then which numbers to 5,000 or more cancellations since October.
It seems that General Motors has a tough year to handle this time. The car making company has already recalled its 29 million vehicles that have an issue with their ignition switches among other faults in the past eight months. But that does not seem o be the end of trouble for GM as a new report from Bloomberg Businessweek reveals there may be some other problems for the car manufacturer in store.
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