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2014 Cadillac XTS adds new twin-turbo V6

Cadillac is adding a new 420-hp, twin-turbo 3.6-liter V6 as an option for its XTS sedan for 2014. General Motors unveiled the engine back in March, confirming that it will be an option on the new-for-2014 Cadillac CTS, and recent Cadillac press materials confirm that the engine option will be expanded to the XTS. The all-aluminum engine makes use of direct-injection technology and is the highest-output V6 in GM history.

Tesla Model S burns in Seattle

A Tesla Model S crashed and burned on Tuesday morning in Seattle. The electric-vehicle manufacturer told Bloomberg that the Model S “collided with a large metallic object in the middle of the road, causing significant damage to the vehicle.” More specifically, the object struck the Tesla's battery. The report worried investors, and Tesla stock fell 6.2 percent on Wednesday.

Lotus Group CEO Dany Bahar suspended, facing investigation

Lotus Group chief executive officer Dany Bahar has been suspended and is facing an investigation following an undisclosed conduct complaint. While there is no official word on the nature of the complaint against Bahar, the The Daily Telegraph reports that it might be related to expenses claimed by Bahar or a legal dispute surrounding renovations on one of two Norwich, England, rental homes paid for by Lotus. Bahar's suspension has heightened the uncertainty surrounding the future of the Lotus Group.