Profit
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Radically new powertrains are widely assumed to lose money for the companies that launch them. Toyota's hybrid-electric system, launched in Japan in 1997, likely didn't break even until sometime after the 2004 launch of the second-generation Prius. Long-range battery-electric vehicles are the same, according to analysts and insiders: the question isn't whether their makers lose money selling them, but how much. DON'T MISS: GM goal: profitable, affordable electric cars built in big numbers Nonetheless, the world's automakers are going to have to figure out how to make money on the huge volumes...
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Porsche will thrive, remain profitable when sports car are electric: CFO
Luxury and sports car maker Porsche isn't concerned with the sweeping changes vehicle electrification will bring. In fact, the brand believes it will maintain its steady profit and 15-percent operating margin into the future, despite the major investments in electric and plug-in cars it plans to...
Sean Szymkowski -
GM goal: profitable, affordable electric cars built in big numbers
Automotive innovation rolls out over many years, usually decades, and usually only a few companies lead. Others hang back, waiting to see if buyers will accept new features, new powertrains, and new types of vehicles. More than six years after modern electric cars hit the market in volume, many...
John Voelcker -
Tesla challenge: make money on electric cars when GM, Nissan, VW don't have to
Debate over the profitability of Tesla electric cars has raged for years among its fans and detractors. Tesla supporters point to financial data from the Silicon Valley automaker to support the idea that it makes money on each car it sells. Skeptics point out that save for two marginally profitable...
John Voelcker -
Electric cars to get big boost from emissions rules on engines: report
Morgan Stanley believes electric cars will make up 10 to 15 percent of global new-car sales by 2025.
Stephen Edelstein -
Tesla May Lose Money Building Electric Cars, Or It May Not
One of the most contentious points in coverage of electric-car maker Tesla Motors is its financial performance. On the one side, analysts and naysayers note that the company continues to lose money. CEO Elon Musk himself has admitted that the company won't turn a profit using Generally Accepted...
John Voelcker -
All automakers expect to lose money at first when they launch expensive new powertrain technologies. But if one European official with deep experience in alternative-fuel infrastructure is right, the 2016 Toyota Mirai hydrogen fuel-cell sedan may be losing its maker quite a lot of money indeed. DON'T MISS: 2016 Toyota Mirai Fuel-Cell Car At Los Angeles Auto Show (Video) At the Challenge Bibendum green-car competition held last month in Chengdu, China, a panel discussion on fueling and charging infrastructures for different green vehicles included some cost estimates. They came from Pat Cox, a...
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Tesla Didn't Make A Profit On Its Cars In Q1: Let's Be Clear
Tesla Motors has accomplished many remarkable things in its short life as a startup maker of electric cars. But, to clear up a common misperception, its supporters should understand that it has not--yet--made a profit in its core business: designing, building, and selling the Model S all-electric...
John Voelcker -
Car-Sharing Services Like Zipcar Grow, But Is It Viable Business?
With fuel prices going the way they are, and it getting harder and harder to find a parking spot in most congested cities these days, the increasing popularity of car-sharing schemes is hardly surprising. In fact, the industry is getting so popular that individuals and automakers alike are getting...
Viknesh Vijayenthiran -
Tesla Shows Open Road To More Losses In Q3
Tesla has announced its third quarter results. They show that revenues are down 31 percent from a year ago and that the car maker is losing nearly eight times as much money compared to the previous year. This quarter, Tesla lost $34.9 million, up 7.6 times from the $4.6 million from a year earlier...
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