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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.

Mercedes E-Class sports wagon ‘on the drawing board’

By James Foxall Motor Industry 26 May 2009 09:50 Mercedes is working on a sporty two-door estate, CAR can disclose. Based on the unusual Concept Fascination show car, the new niche buster would expand Merc’s E-class line-up further. The car that’s being studied closely mirrors the Concept Fascination that was originally shown at the 2008 Paris motor show as a preview to the latest E-class saloon and coupe.

BMW to reveal Zagato concept at Pebble Beach

This weekend at Pebble Beach, Monterey and the Legends of the Autobahn, BMW will show off a handful of cars, the most intriguing of which is this Zagato concept. Basically looking like a swoopy version of the Z4, the Zagato concept will hold court next to the 2013 BMW 7-series, the Alpina B7 and more products from the M division, which is celebrating its 40th anniversary. Three vintage race cars will be out touring during the Motorsports Reunion, including the 1986 BMW-March GTP, the 1980 BMW M1 Procar and a 1975 BMW 3.5 CSL, the last of which will be piloted by BMW North America President and CEO Ludwig Willisch.