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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.

Ayrton Senna's Toleman Formula One car to be auctioned at Silverstone in May

Several impressive lots are set to cross the block at Silverstone Auctions' Spring Sale, scheduled for May 16 at Silverstone Circuit in Northhamptonshire in the United Kingdom. By far the most impressive is a Toleman TG184-2 Formula One race car driven by Ayrton Senna in his first F1 season. The car is best known for Senna's second-place finish at the rainy 1984 Monaco Grand Prix.

Ssangyong XIV-1 concept

Ssangyong is the latest car manufacturer to confirm they will be showcasing a new concept car at the 2011 Frankfurt motor show, the XIV-1. The XIV-1 B-segment concept, previously known as the XUV-1, is a crossover concept that underlines the importance of the car's interaction with its driver and passengers, with the vehicle's name coming from the phrase 'eXciting user Interface Vehicle'. Ssangyong will also be premiering the SUT-1 sports utility vehicle, first shown in concept form at the 2011 Geneva motor show and debuting the petrol-powered Korando crossover.