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Tesla raises $226M, stock soars 40% [Update]

Tesla raises $226M, stock soars 40% [Update]

Tesla Motors has completed its initial public offering, raising $226 million, and now the stock continues to soar in its first day of trading.

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Porsche Cayenne to adopt 3.0 TSFI for China

Porsche Cayenne to adopt 3.0 TSFI for China

Thanks to the country's tax structure, the 2011 Porsche Cayenne will reportedly hit China dealerships with a 3.0 TSFI engine rather than the 3.6L unit we get here.

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R.I.P. Chrysler PT Cruiser

R.I.P. Chrysler PT Cruiser

After a decade-long production run, the last Chrysler PT Cruiser will reportedly roll out of Chrysler's Mexico factory early next month.

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Road Trip: Culture vulturing Sarasota in BMW's 550i GT

Road Trip: Culture vulturing Sarasota in BMW's 550i GT

A weekend in Sarasota, Florida, gave us time to put BMW's unconventional 550i GT to the test.

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Spied: Alfa Romeo Kamal SUV crashes party

Spied: Alfa Romeo Kamal SUV crashes party

After its 2003 concept car debut, Alfa Romeo's Kamal has been as conspicuously absent as a production model in the Italian automaker's lineup. Until now.

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Abarth to tune Alfa Romeo models

Abarth to tune Alfa Romeo models

After a successful run of turning Fiat products into fire-breathers, Abarth has announced it will soon work its tuning magic on some Alfa Romeo models.

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Hyundai names new product planner

Hyundai names new product planner

Hyundai has announced it has hired Michael O'Brien away from Toyota to run the company's product and corporate planning.

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Alfa CEO sets ambitious 500,000 car goal

Alfa CEO sets ambitious 500,000 car goal

According to its CEO, Italy's Alfa Romeo hopes to sell five times as many cars in 2014 as it did last year.

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Ford Mustang-styled NASCAR racer debuts

Ford Mustang-styled NASCAR racer debuts

This weekend at Daytona International Speedway, the Ford Mustang NASCAR race car will make its formal debut during the NASCAR Nationwide Series race.

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Ford leads request to Korea free trade deal

Ford leads request to Korea free trade deal

As the G20 summits take place in Toronto, Canada, Ford has taken it upon itself to speak to the Obama administration's decision to address South Korean trade.

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Donald Duck's drunk driving draws DUI

Donald Duck's drunk driving draws DUI

Donald Duck managed to land himself in jail recently after causing a fender bender while in a pizza drive-thru, while drunk and high on weed. [Video]

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Geely: 150K yearly Volvo sales in China by 2015

Geely: 150K yearly Volvo sales in China by 2015

Although the sale of Volvo by Ford to Chinese automaker Geely is not yet finalized, the new owner is already planning on 150,000 Volvo sales in China in 5 years.

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Rumor: Lotus to hire both Lutz and Purves?

Rumor: Lotus to hire both Lutz and Purves?

Lotus is aiming to substantially increase sales over the next few years, and new rumors suggest they may tap retired Bob Lutz and BMW exec Tom Purves for a plan.

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King, 'Father' of Range Rover dead at 85

King, 'Father' of Range Rover dead at 85

The man known as the "Father" of Range Rover, 'Spen' King, has passed away at age 85 from complications resulting from a collision between his bicycle and a van.

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Tesla to increase IPO volume by 20 percent

Tesla to increase IPO volume by 20 percent

Tesla is anticipating a successful IPO when it takes its stock public tomorrow, so much so, the automaker has announced an increase in its offering.

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New Chrysler Aspen in the works?

New Chrysler Aspen in the works?

Chrysler killed off its Chrysler Aspen SUV after just three model years, but the premium ute could be primed for a return.

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Test drive carnage: Take that, Mercury!

Test drive carnage: Take that, Mercury!

A couple test driving a brand new Ford F-150 unintentionally delivered his own anti-Mercury shut down message when he sent the truck into a pair of Milans.

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Next Maserati Quattroporte to gain AWD

Next Maserati Quattroporte to gain AWD

In an effort to gain more traction in the luxury market, Maserati will add an all-wheel drive option to its next-generation Quattroporte sedan.

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2011 Aston Martin DBS races Nurburing [Video]

2011 Aston Martin DBS races Nurburing [Video]

The new 2011 Aston Martin DBS reveal is almost here, and we have exclusive video of this hot coupe tearing up the Nurburing test track.

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Top Gear to put stars in a Kia

Top Gear to put stars in a Kia

Stars are used to piloting a Chevy Lacetti around Top Gear's track, but that will change for season 15 as the Kia cee'd has been named the new reasonably priced car.

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