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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.

RM Auctions introduces Monaco sale during Grand Prix weekend

RM Auctions will inaugurate its Sporting Classics of Monaco auction with a sale of 105 prewar and postwar European motor cars. The event, scheduled for April 30-May 1, will coincide with the Historic Grand Prix of Monaco, now it its seventh year. Highlights include a 1938 Delahaye 135 MS Competition Cabriolet, a 1960 Maserati Tipo 61 "Birdcage" and a 1934 Rolls-Royce Phantom II Continental Cabriolet.

University students learn product development at Eco Car Challenge

The Eco Car Challenge spring workshop had a flavor of cutting-edge environmental technologies in advanced prototypes--developed by students. The event, at the Environmental Protection Agency's laboratory in Ann Arbor, Mich., allowed journalists to get behind the wheel of these test cars. It was part of a competition among 16 North American universities to design, develop and build vehicles that are forward-looking yet practical.