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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.

Ferrari California Handling Speciale (2012) first pictures

This is Ferrari’s revised California, which will be unveiled at the Geneva motor show in March 2012. It’s got more power, weighs less, and can be optioned with a chassis-sharpening Handling Speciale package, all features scooped by CAR last year. The California caused quite a stir when it was launched, ushering in a whole host of firsts for Ferrari: it was the company’s first convertible with a folding metal roof; the first with a double-clutch gearbox, the first front-engined V8 Ferrari, and the first with direct-injection engine technology.

Fioravanti expands into China in partnership with Eastone

Renowned Italian design house Fioravanti has formed a partnership with Shanghai-based design and engineering consultancy Eastone. The aim of this powerful duo is to deliver a wide range of design and build services directly to Chinese OEMs, with the first fruit of their labors being a concept car for Chinese manufacturer BAIC, to be unveiled at the Beijing auto show. For the first time in their own country, Chinese OEMs can now benefit from the time-served capabilities, knowledge and car culture typical of a leading Italian design house, while simultaneously gaining from the local knowledge, strong relationships and powerful commercial strength of a domestic design company.