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Tesla system will swap a Model S battery in 90 seconds

"This is the title fight," said Elon Musk, in typical brashness. "This is battery-powered versus gasoline." The Tesla CEO preached this to a crowd of Tesla owners and supporters while formally confirming the company's worst-kept secret: the fact that the Model S sedan's batteries were designed from the beginning to be swapped out. The system Tesla envisioned has plenty of ambitious, techno-wizardry automation, with a focus on as much convenience as possible: The Model S will drive over a pit containing machinery which automatically changes the battery from underneath in approximately 90 seconds -- and the driver doesn't even have to get out of the car.

BMW Welt hosts 'Line of Beauty' exhibition

The BMW museum is playing host to a special exhibition entitled ‘The Line of Beauty', which takes a trip through the history of the ‘big' BMW coupes and convertibles. The flagship BMW coupes and convertibles have an illustrious past and most are icons in their own right. The exhibition features 14 individual exhibits that span from the pre-war 327 and 327/28 Convertible and Coupe through to the current F12/13 6-Series.

Ford posts record first-quarter profits

Ford Motor Co. said first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe.