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BUSINESS
July 24, 2010 | By W.J. Hennigan, Los Angeles Times
Bolstered by strong sales of new car models such as the Fusion and redesigned Taurus, Ford Motor Co. said Friday that its second-quarter profit rose 13% to $2.6 billion. The results — Ford's best in six years — beat Wall Street expectations and marked the automaker's fifth consecutive profitable quarter. Sales climbed to $31.3 billion from $27.2 billion a year earlier. Buyers have been attracted to Ford's lineup of fuel-efficient cars and new high-tech features such as Sync, an in-car communications and entertainment system developed by Ford and Microsoft Corp.
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BUSINESS
January 7, 2010 | By Jerry Hirsch
General Motors Co. could make a profit this year following years of massive losses, according to a tempered prediction by Edward J. Whitacre Jr., the automaker's chairman and interim chief executive. Speaking to reporters Wednesday, Whitacre said he was "pretty pleased" with how the restructured GM was operating after its emergence from bankruptcy in July. But he noted there was much more work to do -- primarily in persuading consumers that GM makes "quality" vehicles that are "cool to drive."
BUSINESS
May 12, 2011
2011 Bentley Continental GT Base price: $192,495 (including destination charge) Price, as tested: $215,675 Powertrain: 6-liter, twin-turbocharged W-12; six-speed automatic transmission with sport mode and manual shifting Horsepower: 567 at 6,000 rpm Torque: 516 pound-feet at 1,700 rpm 0-60 acceleration: 4.4 seconds Curb weight: 5,115 pounds Wheelbase: 108.1 inches ...
BUSINESS
February 17, 2011
Specs box for Lincoln MKX; Dave ext 32491; cell 310-571-5233 Copy ed: drogers, 77754 Slot: minh 77078 2011 Lincoln MKX FWD Base price: $39,995, including destination charge Price, as tested: $50,680 Powertrain: 3.7-liter 24-valve V-6 with twin independent variable camshaft timing; six-speed automatic transmission with manual shifting Horsepower: 305 at 6,500 rpm Torque: 280 pound-feet at...
BUSINESS
March 8, 2011 | By Jerry Hirsch, Los Angeles Times
Toyota Motor Corp. will recall about 22,000 vehicles because a tire-pressure monitoring system might fail to notify drivers of a flat or deflated tire. The recall affects Toyota Sequoia, FJ Cruiser, Land Cruiser, Tacoma and Tundra vehicles from the 2008 to 2011 model years. Toyota has issued recalls of more than 13 million vehicles since September 2009 in the U.S. alone, including the recall of more than 2 million vehicles to correct problems with floor mats and other issues that could cause unintended acceleration.
BUSINESS
July 7, 2011
2012 BMW 650i convertible Base price: $91,375 (including destination charge) Price, as tested: $103,525 Powertrain: 4.4-liter, twin-turbocharged, DOHC, 32-valve V-8 with VVT; eight-speed automatic transmission with manual shifting and sport mode. Horsepower: 400 at 5,500-6,400 rpm Torque: 450 pound-feet at 1,750-4,500 rpm 0-60 acceleration: 4.9 seconds Curb weight: 4,531 pounds Wheelbase: 112.4 inches Overall length: 192.8 inches EPA fuel economy: 16 mpg city/24 mpg highway Final thoughts: Choose your own adventure.
BUSINESS
April 25, 2011 | By Steve Goldstein
Sales of new homes rose 11.1% in March from February, the Commerce Department said Monday, marking a mild improvement from the worst-ever showing as the effect of winter storms and an expiring California tax credit wore off. The still-bleak reading of a seasonally adjusted annual rate of 300,000 sales represented a 21.9% nose dive from March 2010 levels. However, the level beat a MarketWatch-compiled economist estimate of 290,000, and February's low reading of 250,000 was revised up to 270,000.
BUSINESS
April 8, 2010 | By Jerry Hirsch
General Motors Co. is beginning to generate positive cash flow and could be profitable this year, the automaker's top financial officer said Wednesday while announcing a restructuring of the company's financial statements, one of the conditions it has to meet before the federal government can sell its massive stake in the automaker. In documents the company filed with the Securities and Exchange Commission, GM outlined what it called "fresh-start accounting," new financial statements that represent the company's status after its bankruptcy reorganization last year.
BUSINESS
November 18, 2011 | By Neela Banerjee, Los Angeles Times
On an August morning in 2008, a handful of executives from the country's top car companies, several environmentalists and two of California's most powerful pollution regulators met in a windowless conference room in a hotel next to Los Angeles International Airport. For 30 years, the car companies had been locked in battle with California and environmentalists over increasing vehicle fuel efficiency and cutting air pollution. But that meeting at the Radisson Hotel brought together new government and industry leaders able to capitalize on new technologies in a market ready to adopt fundamental changes in cars.
BUSINESS
July 26, 2012
2013 Acura ILX Base price: $26,795 (including destination charge) Price, model tested: $32,295; ILX Tech Powertrain: 2.0-liter, SOHC four-cylinder engine; five-speed automatic transmission with paddle shifters Horsepower: 150 at 6,500 rpm Torque: 140 pound-feet at 4,300 rpm Curb weight: 2,970 pounds Wheelbase: 105.1 inches Overall length: 179.1 inches EPA fuel economy: 24 mpg city/35 highway Observed fuel economy:...
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