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£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

Tesla Model X Crossover reveal and Roadster dropped by year end

Tesla Roadster Production ends in December We revealed back in November that Tesla intends using the Model S platform to produce a Crossover come SUV to appeal to a more mainstream market than their current ‘Lotus with batteries’ Tesla Roadster. Having officially sown that seed, Tesla has now revealed that the Tesla Model X will be revealed – in prototype form, of course – by the end of 2011. At pretty much the same time as production of the Tesla Roadster comes to an end.

Jeep adds Rocky Mountain models to lineup

On top of cash-back incentives and employee-pricing programs, Jeep is implementing another value play to lift sales with the introduction of Rocky Mountain Edition versions of the Patriot, the Liberty and the Grand Cherokee. Included in the Rocky Mountain Edition are a sunroof, a 30-gigabyte UConnect stereo interface, a Boston Acoustics sound system, exclusive wheel finishes and Rocky Mountain Edition badges. According to Jeep, that's $2,300 worth of options at the discounted price of $1,595 if you check off the Rocky Mountain package on the order sheet.