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Shake-up at Tesla; a dozen UK orders

By Tim Pollard Motor Industry 16 October 2008 11:22 Electric car start-up Tesla is restructuring its US operation and laying off around 100 staff, as the credit crunch continues to make life difficult for car companies big and small. It’s now on its fourth CEO in 12 months, as founder Elon Musk takes over from Ze’ev Drori. In an announcement on the chief exec’s blog, Tesla Motors said it would be ‘cash-flow positive’ within six to nine months – but only by increasing production and cutting operating costs.

Car dealers are buying again

Used car sales in the UK (and just about everywhere else, for that matter) have been in the doldrums, to say the least, for many months. The inexorable decline in car values has left many dealers nursing painful losses on stock cars, and has led to the strange situation where, however desperate a dealer was to sell you a new car, he wouldn’t (or couldn’t) offer you a part-ex price. Car dealers are buying stock again But according to the used car value Gurus at Glasses Guide, things are starting to look up – a little.

Holidaymakers Reminded To Make Pre-Easter Tyre Safety Checks

AHEAD of the Easter getaway, a leading tyre safety organisation is reminding the UK’s 650,000 caravan and motorhome owners about the importance of ensuring their tyres are in a safe, roadworthy condition before hitting the road. Stuart Jackson, chairman, TyreSafe, said: “For many, Easter is the first time of the year that they will be heading away in their caravan or motorhome. After the winter when they’ve often had little or no use, it’s essential that the vehicle’s tyres are checked thoroughly before use otherwise a number of potential safety hazards could bring an abrupt end a relaxing holiday.” As part of a visual inspection looking for obvious signs of damage such as lumps, bulges or cuts in the tyre, owners should also pay particular attention to signs of ageing.