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Elon Musk says NYT story cost Tesla $100 million
Mon, 25 Feb 2013Tesla CEO Elon Musk told Bloomberg TV on Monday that the recent negative New York Times review of the Model S sedan decreased the company's stock-market value by as much as $100 million. The NYT-Tesla saga began on Feb. 8 with reviewer John Broder recounting the tale of how he was stranded when the Model S didn't live up to its 300-mile claimed range.
CDN–GM Interactive Design Competition winners announced at NAIAS
Mon, 21 Jan 2013The winners of the CDN–GM Interactive Design Competition have been announced at the North American International Auto Show (NAIAS) in Detroit. Following a guided tour of the auto show with the GM design team, the finalists gathered on the GMC stand in Cobo Hall where Mark Adams and Ken Parkinson – heads of design for Cadillac & Buick, and Chevrolet & GMC respectively – were joined by Car Design News' Editor Owen Ready to present the winners of each brand's competition brief. Joining them on stage were the mentors from GM's design teams who interacted with the entrants throughout the competition to critique and help develop their work, making this a truly unique contest.
Honda to build new Acura ILX sedan in Indiana
Tue, 13 Dec 2011Honda said today it will build the Acura ILX, a new, entry-level luxury sedan, in Greensburg, Ind., starting in the spring. The Acura ILX sedan will debut as a concept at the 2012 Detroit auto show next month, Honda said earlier Monday. It will replace the TSX and be marketed as the gateway to Acura's U.S.