Tesla Motors Inc., which raised $2.3 billion in a convertible note sale last month, plans to find more funds for the new finance unit it’s created to lease electric Model S sedans to business customers.
Tesla Motors Inc., which had its first profitable quarter last year aided by sales of California environmental credits, is to receive fewer for each Model S sold as the state modifies its zero-emission vehicle program.
Toyota Motor Corp.’s North American chief, preparing to sell Camry-sized hydrogen sedans next year, said he’s “bullish” about advances in the company’s fuel cell system and wants more U.S. supply of the Japan-built cars.
Tesla Motors Inc. appealed New Jersey’s ban on direct auto sales, arguing that the decision thwarts the carmaker’s mission of providing sustainable transportation and unfairly favors entrenched franchise dealers.
Toyota Motor Corp.’s Camry, the top- selling U.S. car for 12 years, retook its lead last month and helped the company beat analysts’ estimates as most Asia-based carmakers posted gains amid milder weather.
Toyota Motor Corp., whose Camry sedan has been the top-selling U.S. car for the last 12 years, will debut a refreshed model of the car next month as Ford Motor Co. and Japanese rivals gain on the perennial leader.