Porsche 935 customer race car celebrates 1978 “Moby Dick” 935 racer

Porsche 935 customer race car, 2018 Rennsport ReunionSuddenly it’s 1978 all over again. With WeatherTech Laguna Seca Raceway as the backdrop, Porsche on Thursday unveiled the new 935 customer race car with a look that draws on the legendary 935 race car from the late 1970s and early ’80s. The reveal took place at Rennsport Reunion VI, where the brand is celebrating its 70th anniversary. Based on the…

SEC sues Tesla CEO Elon Musk for lying about funding, seeks to bar him from running Tesla

Elon Musk at Tesla Model 3 revealNote to readers: This story has been updated from its original version with comment from Musk. Federal regulators said Thursday in a lawsuit that Tesla CEO Elon Musk intentionally misled investors last month when he tweeted that he had “funding secured” to buy back millions of dollars in shares, and asked a judge to bar Musk from running the…

GM files trademark for “Sport Control AWD” name

General Motors Renaissance Center in Detroit, MichiganGeneral Motors has something brewing involving an all-wheel-drive system. GM Authority first discovered on Wednesday a trademark filing for the name “Sport Control AWD.” The United States Patent and Trademark Office granted the filing on September 20 and noted the name will be associated with “all-wheel-drive systems and electronic stability…