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Tesla Model S finally revealed

The Tesla Model S, a full sized Electric Saloon car, unveiled in California The Tesla Model S is a full size saloon which, at the projected price of $50,000 (including a federal tax break), should make a significant impact on the market. I say projected simply because the car will not be ready for sale until 2011, so there is plenty of time for ‘adjustments’. We’ll see.

Chrysler posts $370 million net loss on costs tied to repaid loans

Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.

Elemental RP1 track-focused sports car revealed

The Elemental RP1 revealed ahead of Goodwood FoS At the beginning of the month we ran a tease from a new start-up car maker teasing their track-focused sports car – the Elemental RP1 – and now, ahead of its debut at the Goodwood Festival of Speed this week, Elemental have done the full reveal of the RP1. Due to be ready to sell by this time next year, Elemental bravely proclaim the RP1 as previewing a new generation of world class British sports cars, and the spec does at least offer more than a hollow promise, fingers crossed and lots of hype. Based on a lightweight carbon and aluminium tub wrapped in body panels to fully enclose the underpinnings, has double wishbone suspension with inboard Eibach springs and Nitron dampers, 4-pot Caparo calipers and 17″ alloys.