Part of Tesla's success is due to the acceptance of plug-in electric vehicles, or PEVs, among U.S. consumers and an overall bounce back in automotive sales. We first saw evidence that the U.S. luxury auto market was coming back in 2011, with spikes in …

Now that conspicuous consumption is the official policy, the wealthy and mid-range consumers are snapping up luxury brands. China is expected to account for about 20 percent of global luxury sales in 2015, according to McKinsey Global Institute research.

House Oversight and Government Reform Committee chairman and California Republican Rep. Darrell Issa has subpoenaed the U.S. Treasury Department for documents related to the IRS targeting scandal. The Treasury Department, headed by Obama …

Vehicle registrations for the first six months of the year were up 10% YoY. Ongoing low interest rates and improving employment levels should continue to support solid growth through the remainder of the year. With its strong luxury car mix and …

Camille Lacourt won the men's 50 metres backstroke gold at the swimming world championships on Sunday with French teammate Jeremy Stravius and the USA's Matt Grevers tying for second place. Lacourt, who shared the world 100m backstroke title with …

BARCELONA, Spain — Hungary beat Montenegro 8-7 on Saturday for its third world men's water polo title. Hungary never trailed but needed Marton Szivos' goal with less than 2 minutes to play and a save by goalkeeper Viktor Nagy in the final seconds to …

The first company to speak will be Alacer Gold, the mostly Canadian company that recently decided to exit gold mining in Australia to concentrate on lower-cost operations overseas. Second will be Ramelius Resources, the high-cost gold junior that …

A new high grade mill facility is under construction in the middle of this photo at the Cripple Creek & Victor Gold Mining Company, in Victor, Thursday, July 18, 2013. Photo by Junfu Han. The Gazette.

Ledecky, only 16, wrapped up a brilliant meet with her fourth gold medal and second world record, this time in the 800 freestyle. The youngster, who hopes to get her driving permit when she returns home, turned it on over the final laps to win in 8 …