The price for the Tesla Model S around Europe started higher than the US price but then went down. On a recent conference call with investors last week, CEO Elon Musk said that the future price will be going up. Probably.
Automotive News reports Honda is currently limiting shipments of models like the Fit, CR-Z and Insight due to Japan's strong yen. The automaker admits it is currently losing money on every Japanese-built model it sells in the U.S. with the exchange rate currently at 80 yen per dollar. Honda is currently working to move more production to North America and source more components from this side of the Pacific, though such a shift will take time. In the interim, the manufacturer is carefully alloca
With a rapidly appreciating yen and an expected loss of almost $3 billion for the 2008 fiscal year, Nissan is shifting some small car production to Mexico from Japan. The Versa/Tiida (as it's known elsewhere) is expected to be built south of the border for export to the rest of the world. North American-market models are already built in Mexico, and this would consolidate production. CEO Carlos Ghosn already announced cost-cutting efforts that would eliminate 20,000 jobs worldwide, including 12,