Tesla stock hits record high

A Tesla Model S on sale in China. Shares of Tesla Motors shot up to a record high Monday after China’s finance ministry announced higher than expected subsidies for electric cars bought there. Shares of Tesla (TSLA) shot up as high as $196, before easing off...

Chrysler Pays $5B to UAW Trust to Complete Buyout

Chrysler Group has closed a deal which will see the brand pay $5 billion to a United Auto Workers (UAW) trust in order to complete its plan to buyout the union. The announcement comes after Chrysler closed a bond sale and used the proceeds to pay off a note that the...