How does the 2015 Ford F-150 stack up? Check back right here on Saturday for a first impression drive of the much talked about aluminum bodied pickup that Ford hopes will retain its rating as the nation’s top selling vehicle.
Tesla has reported quarterly revenues totaling $852 million. While that was nearly double the figure posted a year earlier, it slightly missed analysts’ expectations. Tesla also announced the Model X sport utility model will hit the market in the third quarter of next year, a delay of several months for a vehicle that was originally expected to appear in late 2013. Teething and production problems mainly. Tesla also lowered its 2014 production target by 2,000 vehicles to 33,000. Company shares closed down 3.3 percent on Wednesday.
Third quarter earnings were healthy at Chrysler Group. Earnings rose 32 percent year-over-year thanks to strong demand for its Jeep vehicles. The Detroit News said the group could have one of its best global sales years ever. Chrysler’s U.S. market share rose to 12.3 percent for the quarter, up from 11.2 percent a year ago and it reaffirmed its full year financial guidance.
Remember the song “It ain’t me babe?” Rolls-Royce, the car maker, is distancing itself from the company of the same name that makes jet engines. That company announced it will cut 2,600 jobs over the next 18 months. Rolls-Royce, the car maker, wants us to know that it is on track for another record year.
Italian newspaper reports say the former chairman of Ferrari, Luca Cordero di Montezemolo, will join Alitalia after all. There had been rumors that he would make such a move, and reports now say the appointment awaits only confirmation by the airline’s shareholders.