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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.

Bonkers KTM X-Bow GT with 435hp

KTM’s X-Bow is the Austrian firm’s answer to the Caterham Seven – a lightweight, two-seater track car that makes no sacrifices when it comes to luxuries. Which is why KTM added a bit more in the way of creature comforts (including a windscreen) for its more relaxed ‘GT’ model. And now German tuners Wimmer Rennsporttechnik have got their hands on the X-Bow GT, playing with the engine to turn up the heat… Please click on the image above to read more on the KTM X-Bow GT by Wimmer Rennsporttechnik…

Saab CEO Jonsson to retire in May; search is under way for a successor

Saab owner Spyker Cars N.V. is looking for a successor to long-serving Saab CEO Jan Ake Jonsson, who will retire on May 19. Jonsson, 59, played a key role in saving Saab when former owner General Motors Co.