Car News
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Tesla [NYSE: TSLA] CEO Elon Musk provided insight Monday behind his "funding secured" comment made last week when he floated the idea of taking the automaker private. Musk released a statement on Tesla's blog and wrote the sovereign wealth fund of Saudi Arabia approached him multiple times in the last two years to discuss taking Tesla private. The Saudis are reportedly interested in Tesla in a move to diversify away from oil, he said. Musk on Monday confirmed the Saudi fund bought "almost 5 percent of Tesla stock through the public markets." In July 31 meeting with the fund's managing...
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Aston Martin likely to race Valkyrie successor at Le Mans
Aston Martin is more likely to race the successor to its Valkyrie and not the Valkyrie itself in the so-called Hypercar class (a name is yet to be selected) that will replace LMP1 as the premier class of the World Endurance Championship, and thus the 24 Hours of Le Mans as well. The news was...
Viknesh Vijayenthiran -
Ford will shrink platform count to just 5
Alan Mulally helped steer Ford through the previous decade's global financial crisis by moving the automaker's global lineup onto a core set of platforms under a strategy known as One Ford. It saw Ford go from 30 platforms prior to Mulally joining as CEO in 2006 down to nine in 2015, a year after...
Viknesh Vijayenthiran -
2019 Opel Astra spy shots and video
Opel engineers are out testing a prototype for a facelifted version of the Astra compact hatchback. The facelifted Astra is expected on sale in markets where Opel operates sometime next year. The tweaks constitute a mid-cycle update for the current Astra which made its debut at the 2015 Frankfurt...
Viknesh Vijayenthiran -
2020 Cadillac CT4 spy shots
Cadillac's new small sedan has been spotted for the first time. The car will serve as a direct replacement for the ATS and will likely carry the CT4 name into production. It is expected on the market in late 2019 as a 2020 model. Cadillac has previously referred to the car as a compact but it will...
Viknesh Vijayenthiran -
2019 BMW Z4 leaked
BMW's redesigned Z4 has made a premature debut, thanks to leaked photos published by Instagram user liucunyi. This is BMW's car sharing a platform with a new Toyota Supra due early next year. The leaked photos reveal the new roadster's design in great detail and confirm the vehicle's striking...
Viknesh Vijayenthiran -
Road trips are almost an essential part of life. You break away and hit the open road leaving your daily stress points in the rearview mirror. Part of what makes a road trip a great trip is having the right car at your disposal. If you're Formula 1 racer Daniel Ricciardo, that car would be built by Red Bull Racing, specifically the team's RB8 from 2012. While you don't need an engine that can spin up to 15,000 rpm for such a trip, it's what Ricciardo is using to explore some of the great sights in the United States. Ricciardo is itching for a road trip, and he packs the most essential item in...
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2019 Hyundai i30 Fastback N spy shots and video
Hyundai's newest Elantra GT has a sporty liftback variant sold overseas, and it's about to get the N performance treatment. The standard version of the car is called the i30 Fastback. The latest spy shots and video show a prototype for what's shaping up to be a new i30 Fastback N, a car that will...
Viknesh Vijayenthiran -
Amazon Alexa voice assistant coming to more cars via SDK
Amazon wants users to take Alexa with them and now offers an Alexa Auto software development kit (SDK). The online retailer announced Thursday that the SDK will integrate all of Alexa's core functions into a vehicle's infotainment system. Primarily, the functions include the ability to place phone...
Sean Szymkowski -
America's Vector wants to build a new WX8 hypercar
Vector hasn't made a splash in the supercar scene since the W8 arrived in 1990 with a 6.0-liter twin-turbocharged V-8 and 625 horsepower of grunt. The company is still kicking, however, and it plans a new supercar it's calling the WX8. Vector's website lists some pretty pie-in-the-sky...
Sean Szymkowski -
2019 Challenger SRT Hellcat Redeye, 2019 Audi e-tron, SSC Tuatara: This Week's Top Photos
The biggest, baddest Dodge Challenger right now is the SRT Hellcat Redeye. It generates a massive 797 horsepower from the famous Hellcat V-8, thanks in part to the biggest supercharger ever fitted to a production car. We drove it this week and have a full first drive review for your perusal...
Viknesh Vijayenthiran -
There's already a mid-engine Corvette, and it's up for sale
Those who simply can't wait for the all-but-confirmed mid-engine Chevrolet C8 Corvette can take solace in this. It's a 1993 Innotech mid-engine Corvette, it runs, and it's for sale right now. Nicknamed Mysterro, the car came from the mind of the late Vaclav Kral, namesake of Design Kral. Kral was a...
Sean Szymkowski -
A new report revealed Ferrari's profit margin per car; the mid-engine Chevrolet Corvette C8.R was spotted; and Elon Musk floated the idea of taking Tesla private. It's the Week in Reverse, right here at Motor Authority. Tesla's CEO Elon Musk floated the idea of taking Tesla private on Twitter, surprising the Internet, financial industry, and apparently the SEC, who is now looking into whether the Silicon Valley darling broke any rules. Audi priced the new 2019 A7 from $68,995, about $700 less than the current 2018 model. The new A7 features more tech, the automaker's latest design, and a host...
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Mil-Spec has built Hummer Launch Edition #003, and this one's for sale
The first one was built to show that they could do it. A customer pre-ordered the second one and optioned it as they saw fit. Now Mil-Spec has built a third example of its rebooted Hummer H1, and Launch Edition #003 is currently listed for sale with an asking price of $239,000. Mil-Spec has...
Jeff Glucker -
SSC Tuatara, baby Bronco, Bowler V-8 Defender: Car News Headlines
SSC North America is finally ready to show us its Tuatara in production guise, a full seven years since we first saw the concept. The car will debut this month during Monterey Car Week, and while no specs have been released we last heard the car will come with a turbocharged V-8 with 1,350...
Viknesh Vijayenthiran -
Ford's baby Bronco will share platform with Focus
Ford is working on a small SUV with rugged looks to rival the Jeep Renegade, with the company releasing the above teaser shot back in March. With a new Bronco on the way to join it in a two-prong challenge against Jeep, many have started calling the new small SUV the baby Bronco. Maverick or...
Viknesh Vijayenthiran -
SSC Tuatara hypercar headed to Monterey in production form
It's hard to believe it's been seven years since the Jason Castriota-designed SSC Tuatara concept was first shown to the world. During that time, SSC North America has been busy not only further developing the car but also securing funding as well as establishing new headquarters and modern...
Viknesh Vijayenthiran -
2019 Audi A7 priced from $68,995
The original A7 remains one of the best-looking four-door liftbacks on the market. Fortunately for its successor, the designers kept most of the proportions the same, only tweaking things here and there and adding Audi's latest design treatments. The redesigned 2019 Audi A7 is also a technical...
Viknesh Vijayenthiran -
Mercedes-Benz is preparing a striking concept that blends elements from the past and future. It's called the Aesthetics Progressive Luxury, and its covers will come off on August 24 as part of Monterey Car Week. The annual Californian car extravaganza runs from August 18-26. In a new video released on Thursday, we see a Mercedes designer doing a rough sketch of the concept's profile. Mercedes provided a more tantalizing taste in July with the reveal of a life-size sculpture. The design blended elements of a modern F1 car with those of a modified Mercedes W125 Silver Arrow grand prix racer...
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Aerosmith’s original ’64 touring van found in East Coast woods
A 1964 International Harvester Metro found in Massachusetts by a reality television show is none other than the first touring van used by the legendary rock band Aerosmith. The Boston Globe reported the van was discovered on private property in Chesterfield, across the state from where the band was...
ClassicCars.com -
Geely could invest almost $2B to turn Lotus into a Porsche rival
China's Zhejiang Geely Holding Group is prepared to invest the necessary funds to make Lotus into a world-beating luxury and sports car brand. If Geely has its way, Lotus will be England's Porsche. And the Chinese automaker could dump as much as $2 billion into the brand to begin the process...
Sean Szymkowski -
Toyota 4Runner TRD Pro became $3,340 more expensive for 2019
Toyota has doled out serious updates for its 2019 TRD Pro family. Specifically for the 2019 4Runner TRD Pro, this has resulted in a healthy price jump compared to the outgoing model. If you're interested in the newest version, you'll need to bring an extra $3,340 to the table in order to bring one...
Jeff Glucker -
Pony up: 2019 Ford Mustang NASCAR cup racer is ready for the track
Hot on the heels of the 10 millionth Mustang built is the Ford Mustang NASCAR cup racer. The Blue Oval on Thursday revealed the cup racer ahead of its competition debut in the 2019 NASCAR Cup Series, where it will fill the shoes of the Fusion. Ford Performance and the design team's goal was to...
Sean Szymkowski -
Ferrari makes $80K profit per car; reportedly beats entire industry
Ferrari hears the sweet ring of the cash register with every new car sold. The Italian company banks a profit of $80,000 per car sold and tops the industry, per a study from German economics professor Ferdinand Dudenhoffer. Motor1 translated the study's findings to show Ferrari's well-off margins...
Sean Szymkowski