Earnings/Financials

The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over US$1 billion in losses ...

TechCrunch reports that Facebook is moving to purchase the navigation and traffic app Waze for a lofty sum. The buy would be the latest in a long line of high-dollar acquisitions by the social networking site, and both sides of the acquisition have reportedly entered into advanced due diligence ...

Tesla's value on the stock market far exceeds the number of vehicles it contributes to the automotive market. According to a report from Automotive News, Tesla is currently valued at US$8.8 billion. Almost unbelievably, though we've never claimed to have a firm grasp on the inner workings of the ...

Italy is the wound that continues to drain blood from the financial body of Italian supercar and sports car makers. The wound was opened by the country's various financial police who decided to get serious about superyacht-owning and supercar-driving tax cheats a few years ago, by noting their ...

While monthly sales figures might be an easy way of tracking the progression of the auto industry and individual automakers, looking at market share might be more indicative of how each company is actually standing up against its competitors. For the Detroit Three automakers, they have ...

Despite some hiccups, China remains the auto industry's great hope for new vehicle sales, with significant sales gains and a huge upside. Nowhere is that hope more fervent than at General Motors, which offers eight different marques in the Asian nation. China has been GM's single biggest market ...

Slowly, the many loose threads still dangling after the unintended acceleration issue Toyota faced a few years ago are being resolved. Many have decided to take Toyota to court, their suits alleging that Toyota knew its cars had defects and continued to sell them. A recent suit sought to ...

Fisker Automotive looks to be headed towards bankruptcy protection and judging by our photo above, it seems someone may have already started digging a grave for the automaker too. Automotive News reports the automaker could file Chapter 11 as soon as this week as the US Department of Energy (DoE) ...

Not far from Canadian borders, American automakers churn out hundreds of thousands of cars every year. General Motors has announced it will invest around US$332 million to produce more fuel-efficient engines and transmissions. The cash will be split between four manufacturing facilities, ...

The entirety of the public relations team at Fisker is about to be laid off. That's according to an email Autoblog received this morning from a credible source stating that the entire PR team, along with a large number of other Fisker employees will be furloughed at 8:00AM PST this morning. The ...