Tesla to raise $1.6 billion for ‘Gigafactory’

A rendering of Tesla’s new “Gigafactory,” which could be located in Arizona, Nevada, New Mexico or Texas. Tesla’s grand expansion plans will be funded in part by raising $1.6 billion through a convertible note offer that the automaker announced...

Volvo Concept Estate Leaks Ahead of Geneva Debut

Photos of the Volvo Concept Estate have leaked ahead of the vehicle’s official debut at the 2014 Geneva Motor Show. The Volvo Concept Estate is the third of the Swedish automaker’s concepts which preview the direction it’s heading for its next-generation of vehicles....