Tesla takes aim at BMW, Mercedes-Benz compacts

After revealing the new Model 3 release candidate last week, Telsa CEO Elon Musk touched on Tesla's production ramp-up strategy for its new volume model. If the EV automaker can hold to its forecasts, it will produce half a million units in 2018--unprecedented for a ground-up vehicle launch, says Bloomberg.


Slowing auto sales could be bad news for lenders

Moody's Investors Service has released a report indicating that the recent "plateauing" of the auto industry could pose a risk for lenders whose clients are stretching to close sales. As lenders fight over a diminishing pool of highly qualified buyers, riskier loan terms (what the report refers to as "accommodative financing") will likely be offered to keep business flowing.


BMW previews M4 GT4

BMW has published a teaser image to give us an early look at the M4 GT4. Developed exclusively for the track, the race car will arrive this summer with a turbocharged straight-six engine.   


Piech sells stake in Porsche Holding SE

Ferdinand Piech is selling his 15-percent stake in the company that controls Volkswagen Group. The sale -- which is expected to bring in several billion dollars -- is the final move in a family dispute that has lasted for years.