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The Markets
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The Markets
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In the US news - Tesla, Elon Musk, Donald Trump and General Motors

Electric car giant Tesla is big news across the wires today as it is set to unveil its latest offering - the Model 3 - tonight.

Electric car giant Tesla (NASDAQ:TSLA) is big news across the wires today as it is set to unveil its latest offering - the Model 3 - tonight.

CBC News says it's a "make or break" moment for the Elon Musk enterprise.

"Musk hopes to usher in the age of affordable, mass market electric cars," it says.

CBC says the vehicle is expected to sell for US$35,000 (before government incentives) and have a range of about 320 kilometres before recharging.

The danger signs are mounting for Donald J. Trump in Wisconsin, writes the New York Times.

Right-wing radio hosts are flaying him, Gov. Scott Walker and other elected Republicans have endorsed Senator Ted Cruz, and a new poll showed Mr. Cruz with a 10 percentage-point lead in the state before Tuesday’s primary, says the paper.

The same paper reveals that General Motors has won a second consecutive case in litigation over its defective ignition switches, when a New York jury on Wednesday found that a faulty switch was not responsible for a 2014 accident that injured two people.

While the jury found that the vehicle in the case, a Saturn Sky, was dangerous to drive because of its defective switch, it found no evidence that the accident was caused by ignition failure.

The case is one of six so-called bellwether trials being conducted to resolve a variety of legal claims against G.M., which two years ago recalled about 2.6 million vehicles equipped with ignition switches that could suddenly cut engine power and disable airbags.

The Chicago Tribune runs a story, stating that state and federal agencies had said thousands of US consumers lost at least $3.8 million after a network of Westmont-based businesses coerced them into paying loan debts that they either didn't owe or owed to others.

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