By Chris Haak
Electric-vehicle manufacturer Tesla pulled off a successful initial public offering yesterday, selling at least 13.3 million shares at $17 per share, which is above the $14 to $16 range that the company’s underwriters had proposed. The gross proceeds of the stock sale were $226.1 million, with about $202 million going to Tesla as proceeds to help it develop its Model S electric sedan and ramp up production of that car.
Tesla’s IPO marks the first IPO of a US automaker since Ford’s IPO way back in 1956. The IPO values the company at about $1.33 billion, because only about 17 percent of the company was sold to the public via the IPO. Several early investors, including founder and CEO Elon Musk, sold portions of their stakes in the company to raise funds.
By Chris Haak
Not content to let the Camaro and Mustang receive all of the glory (and retail sales), Dodge is slated to introduce some substantial upgrades to its retro-styled muscle car, the Challenger, according to a . This will mark the car’s first mid-cycle enhancement.
Allpar says that the 2011 Challenger will receive “major interior upgrades” (hopefully improving the style as much as the materials; the current car’s sedate interior styling is disconnected from the reality of its aggressive and flashy exterior) as well as a new Garmin-sourced navigation system.
What this Privacy Statement Covers
This privacy statement covers Techshake’s treatment of personally identifiable information collected by Techshake through a website owned and operated by Techshake.
This privacy statement does not apply to the practices of companies that Techshake does not own or control, or of persons that Techshake does not employ or manage, including any third-party content contributors bound by contract and any third-party websites to which Techshake’s websites link.
Collection and Use of Personal Information
You can visit the websites of Techshake without revealing any personal information.
Collection and Use of Non-Personal Information
Techshake automatically receives and records non-personal information on our server logs from your browser including your IP address, cookie information and the page you requested. Techshake may use this information to customize the advertising and content you see and to fulfill your requests for certain products and services. However, Techshake does not connect this non-personal data to any personal information collected from you.
Techshake uses third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you.
Information Sharing and Disclosure
Techshake may disclose your personal information to third parties who work on behalf of Techshake to provide services requested by you. We will share personal information for these purposes only with third parties whose privacy policies are consistent with ours or who agree to abide by our policies with respect to personal information.
Techshake may otherwise disclose your personal information when:
- We have your express consent to share the information for a specified purpose;
- We need to respond to subpoenas, court orders or such other legal process;
- We need to protect the personal safety of the users of our websites or defend the rights or property of Techshake ; or
If you do not consent to the collection, use or disclosure of your personal information as outlined in this statement, please do not provide any personal information to Techshake. If you have provided personal information to Techshake and no longer consent to its use or disclosure as outlined herein, please.
Techshake retains your personal information only as long as necessary to fulfill the purposes identified above or as required by law.
Should you believe your personal safety is threatened or that you may be the victim of identity theft or other illegal conduct, please the local, state/provincial or federal law enforcement agencies directly.
Changes to this Privacy Statement
Techshake may at any time, without notice to you and in its sole discretion, amend this statement from time to time. Please review this statement periodically. Your continued use of Techshake websites after any such amendments signifies your acceptance thereof.
Questions or Suggestions
If you have questions or suggestions about this privacy statement, or your own personal information, please.
By Chris Haak
Perhaps we’re on the cusp of a minivan revival. The vehicle most associated with soccer moms, and nerdy, utilitarian transportation will have nearly all new or refreshed offerings for the 2011 model year. Toyota’s 2011 Sienna has been on the road for a few months, and are sprouting up here and there. Honda just revealed its all-new 2011 Odyssey, and Chrysler is going to refresh its Dodge Grand Caravan and Chrysler Town & Country vans for 2011 with the new Pentastar V6 engine family and some other upgrades. The Town & Country is slated to receive a redesigned front end as well.
Toyota has taken a marketing approach with the new Sienna that makes light of the un-hip image of minivans, attacking the perceptions head-on. They’re a little corny, but also pretty darn funny. For instance, the “Swagger Wagon” rap video is after the jump.
By James Wong
Ever since I got my driving licence, I aimed to improve my driving abilities by getting into motorsports. But as I’ve realised from my dwindling savings account, this is by no means a cheap hobby, especially when it involves a road-going car of your own. I have been to the Sepang International Circuit (SIC) in Malaysia for a few times now, but I have to cut down because of the prohibitive costs involved. I signed up for various driving courses but I am limited by two things – my age and again, money. Most driving courses require a minimum age because of insurance issues, and since they’ll be providing the cars (assuming that they do in the first place), you’re paying for the wear and tear of their cars as well. Where does that lead me, an enthusiast who just wants to learn how to drive a car fast, properly?