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GM to drop plans for range-topping Cadillac sedan

General Motors has decided to deep-freeze a range-topping ultraluxury sedan it was developing for Cadillac, according to three people with knowledge of the company’s plans. GM executives recently concluded that the rear-wheel-drive car, which would have been a low-volume showstopper priced well north of $100,000, didn’t offer enough brand-building pizzazz to justify the investment, the sources said. Designers recently were taken off the program and reassigned.

Elon Musk says NYT story cost Tesla $100 million

Tesla 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.

Mitsubishi's 600bhp EV to tackle Pikes Peak

By Damion Smy Motoring Issues 03 June 2014 17:11 Mitsubishi will enter the 2014 Pikes Peak International Hillclimb – the 92nd running of the prestigious event – with its specially built electric racecar, it announced today. The team finished second and third in the electric class at the 2013 event, and will use the same drivers – former motorcycle class winner, Greg Tracy, and Dakar-rally winner Hiroshi Masuoka – for the 12.42-mile climb to the 14,110ft summit. The bewinged Mitsubishi i-MiEV Evolution III is 4.7m long and 1.9m wide, with an electric motor at each corner to send a total of 600bhp through all four wheels.