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Elio three-wheel prototype revealed
Wed, 08 May 2013Elio Motors unveiled a prototype of its two-passenger, three-wheeled vehicle Wednesday, confirming the all-new vehicle will have a $6,800 base price when it goes on sale in June 2014. Paul Elio, company founder and CEO, said the vehicle is targeted at first-time or cash-strapped buyers, as well as for families who already have a family car and are seeking something inexpensive for daily commuting. Its sub $7,000-base price makes it almost half the price of the cheapest car in the U.S.
Former Ford CEO Red Poling dead at 86
Tue, 15 May 2012DETROIT -- Harold "Red" Poling, the CEO who helped revive Ford Motor Co. after steering the automaker through the recession of the early 1990s, died on Saturday in Pacific Grove, Calif. He was 86.
Mercedes F125! concept hints at electric S-class
Mon, 17 Oct 2011Here's a riddle for luxury automakers: How will big, high-powered cars fit into a world that's greener, more congested and more tightly regulated than today? Mercedes-Benz rolled out one possible answer here last month with the F125! concept car.