Italian design house Bertone nearing bankruptcy

The Italian design house Bertone is reportedly nearing bankruptcy again, according to a report from Autocar. The carrozzeria has experienced financial problems in 2008 and 2013, and even though it generated more than €20 million, or approximately $28 million, last year, the company reportedly laid off 160 employees recently. At least 30 workers who have been laid off have taken action against the company, seeking to recover monies owed to them.

Tesla Model S Performance is the quickest electric car…in the world

A Tesla Model S Performance has set a world record as the fastest production electric car with a 1/4 mile run of just 12.371 seconds. Yes, we still believe – certainly with the current and prospective battery technology – that the only real use an electric car has is as a small urban runaround or a local deliver vehicle. But that doesn’t stop us being impressed by the Tesla Model S.

Red Bull race in L.A. draws 111,000

No one really knows the precise makeup of the stuff that fills those ubiquitous Red Bull energy drink cans, but the compelling mixture seems to make people accomplish extraordinary things. For instance, on Saturday in Los Angeles, it got the city to shut down a long stretch of Grand Avenue and part of 5th Street for the wacky and spectacular Red Bull Soapbox Race Los Angeles. These events have been held regularly since the inaugural race in Belgium in 2000.