Electric Cars, Automaker | featured news

It's a make or break moment for electric car maker Tesla Motors. Tesla has lost nearly $1 billion selling high-end electric sports cars to the likes of George Clooney. Now it's going to attempt to sell them to the rest of us - and try to make money doing so.

General Motors will buy Chevrolet Volts back from any owner who is afraid the electric cars will catch fire, the company's CEO says.

Toyota Motor Corp and Ford Motor Co will work together to develop gasoline-electric trucks and SUVs that will be ready for market by the end of the decade, the two companies said on Monday.

The carmaker has begun taking orders for the plug-in vehicle, which is expected to be at dealers in November.

Shares in electric car maker Tesla opened at $19, above the IPO price of $17, which in turn topped the proposed price range by $1.

Electric-car maker Telsa Motors, which makes a luxury all-electric car that sells for $109,000, hopes to raise $178 million from its IPO, which could debut on Nasdaq on June 29.