News - Auto News

SOURCES

Toyota to reaffirm commitment to Canada

Toyota Motor Manufacturing Canada on Monday plans to make what it calls “a significant production announcement” at its North Plant in Ontario, Canda, where the RAV4 is assembled.

Visteon Q1 net income falls 78%; shares plunge

Cockpit electronics supplier Visteon said operational challenges hampered its first-quarter margins, but results should improve in the second and third quarters. Visteon shares fell 21 percent in midday trading.

Sonic's Q1 net income swings to profit

Sonic Automotive's first-quarter net income jumped on growing revenue at its EchoPark used-vehicle stores and record finance-and-insurance profits.

Lexus to open stores in Mexico to feed appetite for luxury, hybrids

Lexus will open its first dealerships in Mexico's top three cities in 2021 to take advantage of a new product cycle. Its sibling Toyota brand has grown rapidly in a market hungry for hybrids.

Musk reopens door to Tesla capital raise after cash setback

Elon Musk is reopening the door to seeking capital for Tesla after posting a bigger-than-expected loss for the first quarter. A record drop in deliveries, combined with the company’s largest-ever debt payment, depleted cash to the lowest level in three years.