Electric car maker Tesla Motors Inc. says it has joined with two banks to finance a 10 percent down payment on its new Model S sedan. The company also will give buyers the option to sell the car back to Tesla after three years at a value guaranteed by the automaker. The financing program makes buying the car similar to leasing it, Tesla said in a statement.
The auto market is up, the worldwide economic recovery continues, and auto manufacturers seem to be doing well. Nissan CEO Carlos Ghosn says there is "much more excitement" thanks to profits in the auto industry despite the bad economy in Europe.
I’ve heard for years that “soon we’ll have solar panels on everything.” To be honest, I’ve never paid much attention to the hype because these magical solar panels that can fit on and inside everything never seemed to materialize commercially. But researchers seem to have made a real breakthrough in solar technology: thin, sticky, flexible solar panels that can stick to just about any surface or object imaginable.
First Solar said Monday that it has purchased a 150-megawatt power project in Southern California. Construction is expected to start this year and finish in 2014. The Tempe, Ariz., company said that the plant could generate enough electricity to power more than 60,000 average California homes.
The West Virginia Senate has voted 33-1 to eliminate the $7,500 tax credit that encouraged the sale of solar, electric, plug-in hybrid and other environmentally friendly alternative fuel vehicles. The tax credit will remain in place only for cars and trucks that run on natural gas, butane and propane.
3D printing is a very hot sector, but is there a way for investors to play this trend? Turns out, there is. Recent IPO ExOne reported sales that topped forecasts, lifting shares of it and rivals 3D Systems and Stratsys. But this is still a new and risky market.
Enterprise software can be a major point of complexity for manufacturers, particularly in the way it seems to change at an incredible speed. In order to help work through some of those changes in product lifecycle management (PLM) software packages, we spoke with Richard Mizuno, a partner at Kalypso.
When Steve Jobs adopted "think different" as Apple's mantra in the late 1990s, the company's ads featured Albert Einstein, Bob Dylan, Amelia Earhart and a constellation of other starry-eyed oddballs who reshaped society. Nolan Bushnell never appeared in those tributes, even though Apple was riffing on an iconoclastic philosophy he embraced while running video game pioneer Atari in the early 1970s.
Two pilots are preparing to fly across the U.S., powered only by the sun. CBS News' John Blackstone talks to the team looking to make aviation history. The plane's wings are as wide as a 747 and can fly day and night without a drop of fuel.
Boeing CEO Jim McNerney said his company is "very close" to getting its troubled 787 Dreamliner jet back flying again. Two incidents involving batteries on 787s led the Federal Aviation Administration and regulators in other countries to ground the planes in January. Boeing is testing a redesign of the battery system.
Japanese carmakers showcased their sports utility vehicles and luxury cars at the annual New York International Auto Show, which opened on Wednesday. Toyota Motor Corp. debuted the 2014 Highlander SUV with a redesigned exterior, increased interior space and three engine choices including a hybrid option.
Subaru is coming out with a gas-electric hybrid crossover SUV for the crunchy granola crowd that wants to save fuel but still haul kayaks to the river. The Japanese brand, which specializes in all-wheel-drive vehicles, unveils the 2014 XV Crosstrek Hybrid on Thursday at the New York International Auto Show.
Mercedes' new B-class Electric Drive is powered by Tesla Motors' technology and has an electric range of up to 115 miles per charge. The B-class is basically a Mercedes Benz, but inside the batteries, electric motors, and the charging system all come from Tesla Motors.
Ink that conducts electricity; a window that turns from clear to opaque at the flip of a switch; a jelly that makes music. All this stuff exists, and Catarina Mota says it's time to play with it. Mota leads us on a tour of surprising and cool new materials, and suggests that the way we'll figure out what they're good for is to experiment, tinker, and have fun.
Self-driving cars are inevitable. They eliminate the most commonly defective component in cars today: people. Brian Cooley reports for CNET on the top 5 reasons for self-driving cars based on the ills they cure like drunk-driving and accidents.
Nearly a year after race car driver and car designer Carroll Shelby died, his spirit lives on in a 2013 Ford Mustang with the most powerful series production V-8 in the world and unmistakable Shelby Mustang styling. With a top speed of 200 miles per hour, the 2013 Ford Shelby GT500 Coupe is breathtaking, even daring, to drive.
The Jeep Cherokee is back, with a surprising design that could win some new buyers but lose some old fans. The 2014 Cherokee midsize SUV makes its debut Wednesday at the New York International Auto Show. The remake is so radical that observers might not realize it's a Jeep.
A consortium of about 40 companies is working with the Oak Ridge National Laboratory to develop a cheap form of carbon fiber that can be used to replace steel in manufacturing. The lab used a $35 million grant from the U.S. Department of Energy to build a manufacturing demonstration facility to improve carbon fiber technology.
General Motors Co. is making an attempt to shake up Buick's image as a car for older buyers with freshened up versions of its Regal midsize sports sedan and the LaCrosse large luxury car. GM unveils the pair Tuesday ahead of the New York auto show.
Shares of BlackBerry, the company formerly known as Research In Motion, plunged after the lackluster U.S. launch of its new Z10 smartphone and the stock was downgraded by Goldman Sachs. Blackberry stock has been volatile over the last few weeks, and the new phone doesn't seem to be helping.
These days, lot of cars have cameras all around to use while you're driving but on the 2013 Accord, Honda has finally produced a camera you can use while you're driving down the highway. Honda has introduced the new Accord with the first-of-its-kind camera that allows drivers to check blind spots.
German engineering company Bosch said Friday that it is abandoning its solar energy business, because there is no way to make it economically viable amid overcapacity and huge price pressure in the industry. The solar power industry has been hit by falling subsidies, weaker sales and increasingly stiff price competition, especially by Chinese manufacturers.
Apple's iPhone is outdated, according to the chief executive of BlackBerry-maker Research In Motion Ltd. Thorsten Heins made the comment Thursday on the eve of the much-delayed launch of the new touchscreen BlackBerry in the United States. AT&T begins selling the Z10 touchscreen BlackBerry on Friday, more than six weeks after RIM launched the devices elsewhere.
Over the past 25 years, improvements to motor feedback technology have allowed servo system manufacturers to reduce costs and provide products that are simpler, more reliable, and more accurate. New network communications technologies are now enabling the next set of breakthrough innovations in feedback device technology.
Entrepreneur Elon Musk is a man with many plans. The founder of PayPal, Tesla Motors, and SpaceX sits down with TED curator Chris Anderson to share details about his visionary projects, which include a mass-marketed electric car, a solar energy leasing company, and a fully reusable rocket.