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Tesla loses $38 million in third quarter
Wed, 06 Nov 2013Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.
Mini unveils Clubman concept at Geneva Motor Show with more doors
Wed, 05 Mar 2014This week Mini has brought the Clubman concept to the Geneva Motor Show, and even though it's officially a concept car for the purposes of its appearance at the 2014 edition of the Salon International de l'Auto, the car itself is basically production ready behind the scenes. The Clubman has grown unexpectedly for the 2015 model year redesign, to the point where it might be confused with the five-door Hardtop, but that's a different model which we'll see later in the year. Even though the Clubman now boasts six doors, it will be positioned somewhat differently from its five-door Hardtop sibling, even though in practice the two will be offering essentially the same package.
Citroën to unveil flagship model in Beijing
Tue, 20 Mar 2012Citroën has released two teaser images for a new luxury flagship model to be unveiled at the Beijing motor show next month, as part of its efforts to reposition the brand further upmarket with its DS model range. The car, which is to be the automaker's fourth and largest model in its DS range, appears to be a direct descendent of the Citroën Metropolis Concept, first seen at the Shanghai World Fair in 2010. Although it is unclear whether or not the model seen in the pictures will be the production version of the Metropolis, the two clearly share many design features.