Stephen Odell, head of Ford of Europe, has urged Europe's politicians, business leaders, academics and regulators to create market conditions that enable Europe's automotive industry to flourish. He also warned that unbalanced free trade agreements threaten the struggling European auto industry's future recovery.
Filed under: EV/Plug-in, Tesla Motors Despite the company's recent string of successes, there's still a lot of skepticism about Tesla out there. Some of the negativity focuses on the lack of recharging infrastructure, some on the company's expensive cars and how it'll be difficult to make a mass-market car. And when it comes to the company's stock price - TSLA is currently at around $90 - the predictions are all over the map. Some say it's still worth shorting (that is, predicting it will drop). Some say it could reach $200 before too long; others warn it will fall to somewhere in the $20-$40 range. "There is a fundamental view of a scenario where Tesla becomes the next GM or Ford." Still, the big news - that is, something that's actually happened, not just bloviations about the future - is that Tesla raised more than a billion dollars in cash last week by increasing the amount of debt and equity it was offering. Instead of selling a total 2.7 million common shares, CEO Elon Musk put up 3.39 million, and bought $100 million himself. This showed confidence, which was admittedly already there, and Tesla raised far more than the $830 million originally expected. The money will be used, in part, to pay back the US government for the $465-million Department of Energy loan. The good news prompted an unnamed banker to tell IFR what it looks like on the other side of the skepticism spectrum: "[CEO Elon] Musk has a vision of creating a $50 billion-plus company in five years," adding, "There is a fundamental view of a scenario where Tesla becomes the next GM or Ford."Tesla raises $1 billion as stock climbs; predictions have it at $200 (or $37) originally appeared on Autoblog Green on Tue, 21 May 2013 08:45:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
Filed under: Motorsports, Truck, Videos, Ford, Specialty, Racing The Silver Lake sand dunes see their fair share of well-built trophy trucks executing impressive jumps. Drivers build insane pieces of machinery for the express purpose of sailing through the air like mad men and women. Mike Higgins is no stranger to the area. His heavily modified Ford trophy truck has gone flying through the sky on more than one occasion, but he recently bit off more than he could chew. After hitting a particularly lofty dune, Higgins went airborne for a ridiculous 180 feet before becoming intimately familiar with the finer points of gravity. While Higgins nailed the jump, his landing fell short of wowing the judges. The impact very nearly broke his truck in two. Despite the mechanical mayhem, the driver walked away without a scratch, proving that occasionally miracles really do happen. You can check out the jump and the subsequent destruction below for yourself. Be warned: there's a fair bit of foul language.Continue reading The big dune jump and the damage doneThe big dune jump and the damage done originally appeared on Autoblog on Mon, 20 May 2013 19:57:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
Real Housewives of Orange County star, actress, mother, wife, and entrepreneur, Heather Dubrow, is dishing her best advice each week in our OK! column: Ask Heather! Last week Heather solved your tech queries and this week she's tackling all of your beauty q's—read on for her pearls of wisdom... Photos: 20 Hot Real Housewives Fashion Looks! OK!: How has your beauty style evolved over the years? Heather Dubrow: Beauty trends for yourself have a lot to do with your stage in life. When I first had a baby, there were a lot of ponytails and more of a natural look and as I started getting older it’s allowed me a little more time to put on makeup in the morning. I experimented a lot more in my 20s and 30s. Since I’ve gotten to 40, I think I’m always looking for a makeup look that I really like and I stick with that palette for quite some time. OK!: Your signature right now seems to be this flawless, smoky eye and glossy lip—what did it used to be? HD: I went through a phase where I did a very strong lip, which I think you can do more when you’re younger. I think it’s a really good idea for people to take pictures before they go out and see what they like about the their hair, makeup—the balance of the whole thing. OK!: What’s the best trick you’ve ever learned from a makeup artist? HD: A makeup artist told me to use Wet 'n Wild #666 lip liner and it’s the greatest. I line my lips with it and lightly color them in and then I use any gloss over it. I don’t wear lipstick. I wear liner and gloss. It looks great on any skin tone and that was the best. OK!: What about hair? Any hair stylist tips you’ve adopted? HD: My biggest thing about hair care is trim, trim, trim. There’s nothing more unattractive that a woman with long hair that’s scraggly at the ends. Just because it’s long, doesn’t make it pretty. Taking three inches off and keeping the ends beautiful is the way to go. OK!: What's your advice for taking care of your skin in your twenties verses your thirties and forties? HD: I think that simple is best. A very simple cleanser, toner, moisturizer, and sunscreen. First of all, our skin gets a little dryer as we get older, so you may need a little more moisturizer or a different kind of moisturizer. People also tend to develop adult problem skin. Your skin can change and I think it’s really important to be in tune with it and be careful in case you have oily patches, not to over moisturize or dry it out with with blemish creams. OK!: You are always on camera, so what are your thoughts on HD makeup? HD: I do use Make Up For Ever HD Microfinish Powder—I think it’s excellent. If you keep adding a colored powder or a heavy powder over your makeup you’re going to look cakey by the end of the day, but a light HD powder will really take the shine off and refresh you. I also think that blotting papers are terrific. OK!: What do you splurge on beauty wise? HD: I do get massages from time to time and I do get facials in my husband’s office. I love those. OK!: What are the top five beauty products you can't live without? —@livelovedesign8 HD: Cetaphil soap, Wet 'n Wild #666 lip liner, L'Oreal Elnett hairspray, my collection of Chanel lip glosses, and Tom Ford eye shadow palettes. OK!: Who is your beauty icon? HD: Jackie O. News: Heather's Advice on Party Planning! Don't miss the newest episode of The Real Housewives of Orange County TONIGHT on Bravo at 8/7 C and tweet your q's about travel and packing tips to @OKMagazine with the hashtag #OKAskHeather and she could answer you in next week's column! Follow Heather on Twitter too! Photo credit: Getty
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