Elon Musk, CEO of Tesla Motors Inc., made at least $24 million from the electric-car maker's initial public offering, restoring some of the wealth he's staked on the company and other startups. Tesla set a price of $17 a share and Musk sold 1.
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Fiat's Alfa Romeo brand will add two SUVs and renew its core compact and mid-sized models as part of its quest to lift annual sales to more than 500,000 by 2014 from 102,000 last year.
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NSK Ltd. helped make the Toyota iQ as compact as possible by supplying the minicar's column-mounted electric power steering. In addition to preventing oversteering and understeering, the design enables a turning circle of less than 4 meters.
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Sustainable success for electric vehicles only will happen with better collaboration, a panel of EV experts told the Automotive News Europe Congress last week.
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How can Alfa Romeo reach its ambitious target of boosting annual unit sales above 500,000 by 2014 from 102,000 units last year? Become part of Europe's largest automaker, says one analyst.
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Lithium-ion batteries represent the perfect solution for hybrid and electric vehicles according to the organizers and participants of the 15th annual International Meeting on Lithium Batteries (IMLB), which kicked off in Montreal on June 27.
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July 1 marks the launch of the Ford Employee Pricing event Ford Motor Company of Canada, Limited announced today. Until August 31, 2010, customers across Canada can take advantage of Ford employee prices on most 2010 and 2011 Ford and Lincoln vehicles.
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New dispositions on the OPC Law are in effect as of today in Quebec. They oblige merchants to display the total cost of the good or service offered. They also serve to protect consumers against certain associated excesses such as the sale of complementary goods and services (extended warranties, for example) and unilateral modifications made to contracts.
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Have you ever noticed that in movies where the story depicts the future, everybody is driving around in the same type of bubble-shaped vehicle that virtually drives itself and doesn't shut up?
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FAZZT Race Team is announcing a partnership with Hot Wheels® in which Alex Tagliani will be racing in a brand new Honda IndyCar, customized in Hot Wheels® style.
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The IZOD IndyCar series will be back on the famed Watkins Glen circuit this coming week-end and Justin Wilson, last year winner, would very much to have another oerfect day.
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The final round of the DTM championship, which was expected to be presented in Shanghai, could move to Adria, in Italy.
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Sunday at Valencia finally vindicated his decision to sign rookie Kamui Kobayashi, according to team boss Peter Sauber.
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Two-time NASCAR Canadian Tire series champion Andrew Ranger will be back on home soil this week-end as he will take part in the NCTS National 250 at Autodrome St Eustache.
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Tokyo - The Yokohama Rubber Co., Ltd., has announced that its racing team, Team Yokohama, in only its second year, turned in the best performance for an EV at the 2010 Pikes Peak International Hill Climb.
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Fernando Alonso says he is no longer angry after reacting furiously to the outcome of Sunday's European grand prix.
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NASCAR officials have indefinitely suspended, Chris Moore, a gas man for AJ Allmendinger in the Sprint Cup Series, for violating the sanctioning body's substance abuse policy.
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Kimi Raikkonen could be asked to test formula one tyres for the sport's new exclusive supplier Pirelli.
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Meetings have been arranged to address the issues that arose after Sunday's European grand prix.
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Stefano Domenicali insists he has "no problem" with moves to clarify F1's ban on in-season testing.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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