Settlement at times hit accelerations claim

 

Leading Car Company Toyota had recently signed an agreement with the government of the United States of America. This was actually based on the claims that were primarily unintended, as now the company has been facing a decline of 5% in the income collected in fourth quarter. There is one more news for automobile industry, Tesla company is facing loss in their electric car production, however there is a record production made by above company of producing seven thousand and five thirty five models of S electric vehicles.

Above company posted a 49.8 million dollars loss in first quarter out of revenue that rose to 620 millions. Automaker posted gross net income of 11.3 million otherwise ten cents a share on revenue of $555 million during last year quarter. Now the company sold 6457 vehicles already in first quarter 2014. Tesla has reported a gross profit only 155 million, whereas a forty four million operational loss while accounting for research and development plus sales, administration expenditures. However, Tesla’s Chief executive officer Musk informed in a meeting with analysts, he says sales mean it is deliveries, not as demand, this news is making to think for automobile industries wishers.