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UPDATED: Three Tesla employees are killed in California plane crash

Three employees of Tesla Motors were killed in a small airplane crash in northern California on Wednesday, the electric-car maker's chief executive said. A Cessna 310 struck an electrical tower after taking off this morning and crashed into a residential neighborhood, killing all three people on board, according to local police. Tesla confirmed all had worked at the company.

GM to pull Cadillac from some European markets

General Motors will halt Cadillac sales in more than half of the brand's European markets following the collapse of its regional distributor. The U.S. carmaker will focus on markets such as Russia, the United Kingdom and Switzerland where the luxury brand has been able to compete against Germany's BMW, Mercedes-Benz and Audi premium brands.

Retro style, street-rod flair made PT Cruiser a star

The recipe was simple. Use an existing small-car platform, mix in some nifty retro styling inside and out, build it in a low-cost country, and command a higher price. When it made its debut at the 1999 North American International Auto Show in Detroit, the Chrysler PT Cruiser with its street-rod flair was an immediate sensation.