Business News / Business

Auction totals hit $400 million, break record

The annual auto auctions in Pebble Beach and Carmel, Calif., roared into the record books with a total of $400 million in sales during Monterey Car Week.

From Ferraris to Fords, the four-day total was a 28 percent increase over last year, ...

Zagato debuts new custom auto designs

The Zagato coachworks company came to Monterey Car Week and its famed Concorso Italiano to premier a few new designs for Italian automobiles.

Taking over a sloped hillside section of green lawn, the car maker featured a line of elegantly designed...

Competition heats up for Tesla's gigafactory

PALO ALTO, Calif.--Tesla Motors' plan to build a massive battery manufacturing plant -- its "gigafactory" -- has set off fierce competition for the country's biggest economic development prize in years. As the five states under consideration ...