Originally published on Mon April 1, 2013 12:57 pm
By Steve Mullis
A Tesla Model S drives outside the Tesla factory in Fremont, Calif., on June 22. The electric car was named Automobile of the Year by <em>Automobile</em> <em>Magazine</em> and Car of the Year by <em>Motor Trend</em>.
Credit Paul Sakuma / AP
Tesla Motors, the car company on a mission to change the auto industry, announced late Sunday that it's finally turning a profit this quarter.
The company said it will deliver 4,750 of its flagship Model S, its much-lauded four-door, luxury sports sedan. That amount exceeds its earlier estimates of 4,500 cars sold this quarter.
The U.S. Environmental Protection Agency could soon issue a final ruling that aims to force oil companies to replace E10, gasoline mixed with 10 percent ethanol, with E15.
This move could come just as widespread support for ethanol, which is made from corn, appears to be eroding.
Mike Mitchell was once a true believer in ethanol as a homegrown solution to foreign oil imports. He owns gas stations, and he went further than most, installing expensive blender pumps that let customers choose E15, E20 and all the way up to E85.
And out next business story fits in the category of what were they thinking? Ford Motor Company is apologizing for ads sketched up by an agency in India - ads that have been decried as demeaning to women. They are cartoon drawings showing off how spacious a Ford trunk can be. One spoofs Italy's former prime minister, Silvio Berlusconi. He's at the wheel, and in the trunk, three women, tied up.
The Ford Figo when it was introduced to India in 2009. A set of edgy illustrations about the car from Ford's ad agency in India have drawn fire.
Credit Manan Vatsyayana / AFP/Getty Images
Illustrations produced by an Indian ad agency showing scantily clad cartoon women bound, gagged and stuffed into the hatch of a Ford Figo have led both the car company and the ad agency's parent to issue apologies.
The images, according to FirstPost.Business, were "scam ads — ads that are created not to sell products and services, but to win awards at awards shows such as the Abby or at Cannes."