With I.P.O., Tesla Bets on Electric Car’s Future

As Tesla Motors begins selling stock to the public on Tuesday, the offering’s success depends on how much investors are willing to bet on a car company that has never made a profit and expects to lose money until at least 2012.

Tesla will be the first automaker to go public since the Ford Motor Company held its initial public offering in 1956. It expects the stock sale to raise up to $185 million, The Associated Press reports.
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Lexus Recalling 3,800 LS Models for Steering Problem

Toyota is recalling about 3,800 of its 2009-10 Lexus LS models to correct a steering problem, the automaker says. The models are the LS 460, LS 460 L and LS 600h L.

“Lexus has identified a condition in which some 2009 and 2010 LS models have experienced a brief off-center position of the steering wheel when it is turned to the extreme right or left position and re-centered, but corrects itself within a few seconds as the vehicle is driven,” the automaker said in a statement.
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Chrysler Group LLC to Showcase Live, Mobile TV at Denver Auto Show

Company is First Automaker in the United States to Offer Live, Mobile TV

* Company now offers live, mobile TV in eight 2010 model-year vehicles: Chrysler Town & Country, Jeep Grand Cherokee, Jeep® Commander, Dodge Grand Caravan, Dodge Journey, Dodge Nitro, Ram 1500 and Ram 2500/3500
* Watch live sports, breaking news, kids’ programs and primetime network shows in the back seat
* Content includes programming from ABC, ABC Entertainment, ABC Family, ABC News, Adult Swim Mobile, CBS, CBS College Sports, CBS News, CNBC, CNN Mobile, COMEDY CENTRAL, Disney Channel, Disney Channel Original Movies, ESPN, ESPNEWS, ESPN 2, FOX, FOX News Channel, FOX Sports, Fuel TV, MSNBC, MTV, NBC, NBC2Go, NBC News, NBC Sports, Nickelodeon, Playhouse Disney, SOAPNet and Speed
* Feature available now as a Mopar option for $629 plus installation, includes one-year subscription
* Mopar’s live, mobile TV option includes 3-year/36,000-mile warranty for new vehicles and a 12-month/12,000-mile warranty on used vehicles
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