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Tesla Burns Through $8,000 Cash Every Minute

By now it isn't a secret that Tesla isn't profitable. Perhaps less known is the fact that Tesla has yet to ever generate positive cash flow; in fact, the company's cash burn rate hit a new high during its most recent quarter. The new record means that Tesla is now burning through $8,000 in cash every minute, or $480,000 an…

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2019 Lincoln MKC Bows With New Face

Three years after originally launching, the Lincoln MKC is getting its first revamp. Ford's luxury brand has officially revealed the 2019 MKC, sporting Lincoln's new brand design theme molded on top of the existing MKC.  The primary change here is obviously the MKC's face. Lincoln has swapped out the hood, front clip and headlights with an all-new design that has…

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Toyota to U.S. Workers: Japanese-Built Camrys Are Cheaper

Under intense pressure to reduce costs, Toyota Motor Company issued a stern warning to employees of its Kentucky assembly plant: you cost us more than your sister Camry plant in Japan. The move--called "routine" by the company--has ruffled feathers amongst employees.  The message was delivered via video message by Wil James, Toyota's president of the Kentucky assembly plant. In the…

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Bob Lutz: Tesla 'Going out of Business'

Former General Motors executive and automotive icon Bob Lutz has never been a fan of Tesla, but now he says the automaker is "going out of business" by his analysis. In an interview with CNBC Maximum Bob made his feelings very clear by saying he doesn't think Tesla will be around by 2019 if its current trajectory continues. The notoriously outspoken Lutz…

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Tesla Teases Pickup Truck That's a Mini Semi

Following the myriad of Tesla news these days is a bit challenging (likely intention on their part). However, amongst all of the new product news last week is a teaser of an upcoming Tesla pickup truck.  The original intent of Tesla's most recent product announcement was to discuss its upcoming electric Semi. While the Semi was revealed--devoid of a few…

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Update:Mercedes-Benz Teases Redesigned CLS CLass

Mercedes-Benz has offered up its first official glimpse at the upcoming redesigned CLS Class. As expected, the car appears to sport an all-new look with a more dramatic design theme than the 2018 S Class.  The most notable change for today's CLS is the lighting. Today's teaser shot showcases a new hockey-stick shaped LED accent, which is a different spin…

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2019 Subaru Ascent Teased

One of Subaru's most important new products is set to debut in a couple weeks at the Los Angeles Auto Show. In an effort to build interest, Subaru has thrown out a small teaser of its upcoming 2019 Ascent SUV.  Previewed by the Viziv-7 Concept at the New York Auto Show earlier this year, the Ascent will be the brand's large…

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