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American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

American Suzuki Motor Corp., beset by low sales, cutthroat competition and unfavorable foreign exchange rates, said it will pull out of the U.S. auto market and file for Chapter 11 bankruptcy protection. The company, in a statement today, said it will continue its motorcycle and marine engine business units and will continue to honor customer warranties.

Bentley Continental Flying Spur (2013) new teaser video

Bentley is almost ready to pull the wraps off its new four-door Continental: the 2013 Flying Spur. Today, Bentley has released a new teaser video to go with yesterday's silhouette sketch, and we've also got the latest spy shots of the Flying Spur testing in Spain. Bentley's 2013 Continental Flying Spur With Bentley set to make a further announcement on 20 February, we're expecting to see the Flying Spur make its debut at the 2013 Geneva motor show in March. Powertrains will be shared with the Continental GT coupe: that means a 6.0-litre bi-turbo W12 in the flagship car, and for the first time in a Flying Spur, Bentley's new 4.0-litre twin-turbocharged V8.

Tesla Model S burns in Seattle

A Tesla Model S crashed and burned on Tuesday morning in Seattle. The electric-vehicle manufacturer told Bloomberg that the Model S “collided with a large metallic object in the middle of the road, causing significant damage to the vehicle.” More specifically, the object struck the Tesla's battery. The report worried investors, and Tesla stock fell 6.2 percent on Wednesday.