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Tesla is ridiculously successful, so far

Several Tesla Model S sedans catch fire, company co-founder Elon Musk blames the media, Tesla stock prices rise. Tesla cars are the subject of a recall, Musk blames the word “recall,” Tesla stock soars. Tesla posts what it calls profits but what everyone else views as losses, stock price shoots to $250 a share.

Fiat, Chrysler in partnership talks

Fiat Group is negotiating with Chrysler LLC to form a strategic partnership that could include a Fiat equity stake in the ailing U.S. carmaker. The pact would help Chrysler speed and strengthen its restructuring plan.

The next F1: McLaren plans replacement for supercar

Formula One powerhouse McLaren secretly has begun work on a replacement for its legendary F1 supercar, while it also gears up to become a mainstream sports-car maker. McLaren's Technology Center in Woking, England, has built some 2,000 McLaren SLR supercars a year for Mercedes-Benz, but McLaren boss Ron Dennis reportedly has his sights set on producing 1,000 of its upcoming Ferrari F430-fighting P11s a year starting in 2011. The number, Dennis said, will rise to 4,000 cars by mid-decade as future models such as the Porsche 911-challenging P8 come on line.