The New Stage 2016 plan sets ambitious earnings, sales and production goals for fiscal 2016. They include record earnings of ¥135 billion on sales of ¥2.6 trillion, both up more than 40% from fiscal 2012, and more than 1.4 million builds....More
Last year was the German marque’s best ever in Korea, with sales of 33,066 vehicles, accounting for more than 21% of all new import registrations. Including the Mini brand, the automaker’s share stood at 25%....More
By James B. Kelleher
Feb 26 (Reuters) - Tesla Motors Inc said on
Wednesday it plans to raise $1.6 billion from investors to
finance a new battery factory that will help the upstart U.S.
automaker reach its goal of producing a lower-priced,
mass-market electric car by 2017....More
Toyota, which collects sales data for the industry, says last month’s slump reflects high volume from a year ago, when government tax incentives were spurring demand. But it notes the country’s ongoing political unrest may affect sales....More
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