Tesla Says It Is Now Profitable

Tesla Motors

Tesla Motors attained a significant milestone in July when it achieved overall corporate profitability with approximately $1 million of earnings on revenue of $20 million.

Tesla reached overall corporate profitability while continuing to develop the all-electric Model S sedan and opening regional sales and service centers. Profitability arose primarily from improved gross margin on the Roadster 2, the second iteration of Tesla’s award-winning sports car.

Tesla shipped a record 109 vehicles in July and enjoyed a surge in new Roadster purchases. In the third quarter, the privately held company will make significant deliveries to European customers while expanding its presence in several countries. Continue reading Tesla Says It Is Now Profitable

Mazda ‘MX-5 Superlight version’ to Premiere in Frankfurt

MX-5 Superlight versionThe Mazda MX-5 Superlight version, a show car capturing the pure essence of the world’s most popular roadster, will see its world premiere at the 63rd Frankfurt Motor Show, which will be held from September 15 through 27, 2009.

After 20 years of global success, the Mazda MX-5 is the best-selling two-seat sports car in the world. At Frankfurt, Mazda will present a new take on its affordable roadster with an all-new show car, the Mazda MX-5 Superlight version, designed at Mazda’s studio in Frankfurt, Germany. A pure show car, it takes the lightweight technology that Mazda is famous for to a new level, improving driving performance, handling, fuel economy and CO2 emissions. This is combined with a radical exterior design requiring no windshield, and sporty chassis settings for pure roadster driving fun.

The new Mazda MX-5 Superlight version will be unveiled at Mazda’s press conference in Hall 3.1, Stand A7, on September15 at 12:45 local time.

New Ferrari California Revealed

The Ferrari California joins the Prancing Horse’s 8-cylinder family which has always been defined by power and performance. It also flanks the flagship 612 Scaglietti in the prestige sporty Grand Tourer segment. The new Ferrari California will satisfy even the most demanding of owners in term of its superb vehicle dynamics and driving pleasure. The new model will be available exclusively as a convertible with a folding hard top. Both chassis and bodywork are aluminium, in line with the rest of the current range. The California will be powered by a new V8 engine mounted for the first time in the marque’s history in the mid-front position. Continue reading New Ferrari California Revealed

Nissan Unveils ‘LEAF’ Electric Car

NISSAN LEAFNissan today unveiled the Nissan ‘LEAF’, a  new zero-emission car. Designed specifically for a lithium-ion battery-powered chassis, Nissan LEAF is a medium-size hatchback that comfortably seats five adults and has a range of more than 160km (100 miles) to satisfy real-world consumer requirements.

Slated for launch in late 2010 in Japan, the United States, and Europe, Nissan LEAF ushers in a new era of mobility – the zero-emission era. The car is the embodiment of Nissan’s radical, transformative vision for the future and the culmination of decades of investment and research.

“Nissan LEAF is a tremendous accomplishment – one in which all Nissan employees can take great pride,” said Nissan President and CEO Carlos Ghosn. “We have been working tirelessly to make this day a reality – the unveiling of a real-world car that has zero – not simply reduced – emissions. It’s the first step in what is sure to be an exciting journey – for people all over the world, for Nissan and for the industry.” Continue reading Nissan Unveils ‘LEAF’ Electric Car

Suzuki Reveals New 2010 Kizashi Sedan

2010 Suzuki Kizashi SedanSuzuki Motor Inc. took a bold step forward today. Known primarily as a maker of small vehicles and high-performance motorcycles, today marks the global debut of the 2010 Suzuki Kizashi (pronounced “Kee-Zah-Shee”), the company’s first entry into the all-wheel-drive sport sedan segment. Benchmarked against some of the leading cars in the world, the all-new 2010 Kizashi becomes an instant car-of-the-year contender in its own right. With the launch of the Kizashi, Suzuki delivers a unique blend of dynamic performance attributes with premium design aesthetics and craftsmanship yet to be experienced in this category. Scheduled to arrive in North American showrooms this winter, the Kizashi will serve as the company’s flagship vehicle, further expanding and strengthening its current product line of high-quality small cars, trucks and SUVs.

“In developing and naming our newest automotive introduction, the Japanese word ‘Kizashi,’ which tells that something great is coming, seemed appropriate for the vehicle,” said Kevin Saito, president, American Suzuki. “Now that the production model Kizashi has arrived, we expect the name and the product itself to clearly demonstrate the bold statement this company knew it would be making with the debut of this vehicle – while also simultaneously suggesting what will emerge in the Suzuki lineup as we look ahead to the future.” Continue reading Suzuki Reveals New 2010 Kizashi Sedan