Cars
According to documents filed at Companies House, the Lotus Group posted a £71.1 million (US$110 million) loss in the 2014 financial year that ended on March 31. This is both bad and, surprisingly, good news.
Read more »
- Lotus Boss Wants More Dealers, Announces Two Product Enhancements
Lotus is going through difficult times, posting a £159 million ($251 million) loss in the previous fiscal year and axing up to 325 of its 1,215 employees worldwide. Read more »...
- Drb-hicom Declines Offer For Lotus, Vw Reportedly Interested In Parent Company Proton
Last week, Reuters reported that the ever-expanding Volkswagen Group is considering to place a new bid for Proton, which owns the Lotus brand, some five years after the Germans failed to form a tie up with the Malaysian carmaker as it seeks to extend...
- Mazda Records Us$1.3 Billion Loss, “actively†Seeks Partner
Last week, Mazda forecast a net loss of 100 billion yen (US$1.29 billion) for the fiscal year that ends March 31 and a 2 percent drop in its global sales, to 1.25 million units. This is the fourth year in a row than Mazda records negative results and...
- China's Youngman And Pang Da Say Saab Deal Is Still On
Earlier this week, Saab announced that it was terminating the deal with Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., since their bridge loan that would help the Swedish automaker survive in the short term...
- Tesla Losses Soar To $154.3 Million In 2010, Despite Gains In Revenue
Tesla Motors has just released a preliminary, unaudited financial report concerning the year than ended on Dec. 31, 2010. The company reported losses of US$51.4 million in Q4 2010 and US$154.3 million for 2010, which was almost triple the US$55.74 million...
Cars
Lotus Posts US$110 Million Loss, CEO Confident it Will Break Even in 2016
According to documents filed at Companies House, the Lotus Group posted a £71.1 million (US$110 million) loss in the 2014 financial year that ended on March 31. This is both bad and, surprisingly, good news.
Read more »
- Lotus Boss Wants More Dealers, Announces Two Product Enhancements
Lotus is going through difficult times, posting a £159 million ($251 million) loss in the previous fiscal year and axing up to 325 of its 1,215 employees worldwide. Read more »...
- Drb-hicom Declines Offer For Lotus, Vw Reportedly Interested In Parent Company Proton
Last week, Reuters reported that the ever-expanding Volkswagen Group is considering to place a new bid for Proton, which owns the Lotus brand, some five years after the Germans failed to form a tie up with the Malaysian carmaker as it seeks to extend...
- Mazda Records Us$1.3 Billion Loss, “actively†Seeks Partner
Last week, Mazda forecast a net loss of 100 billion yen (US$1.29 billion) for the fiscal year that ends March 31 and a 2 percent drop in its global sales, to 1.25 million units. This is the fourth year in a row than Mazda records negative results and...
- China's Youngman And Pang Da Say Saab Deal Is Still On
Earlier this week, Saab announced that it was terminating the deal with Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., since their bridge loan that would help the Swedish automaker survive in the short term...
- Tesla Losses Soar To $154.3 Million In 2010, Despite Gains In Revenue
Tesla Motors has just released a preliminary, unaudited financial report concerning the year than ended on Dec. 31, 2010. The company reported losses of US$51.4 million in Q4 2010 and US$154.3 million for 2010, which was almost triple the US$55.74 million...