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Tesla offers finance deal on Model S

Tesla Motors has joined forces with USBank and Wells Fargo Bank to create vehicle financing and leasing products that allow consumers to lease a Model S electric sedan for a net payment of about $500 a month after a 10 percent down payment and calculated savings. The 10 percent down payment often will be covered by federal and state tax credits available on electric vehicles. However, the $500 a month payment is an "effective" monthly payment.

Chevrolet Sonic gets $14,495 base price

The new Chevrolet Sonic small car--which replaces the Aveo in Chevy's lineup--carries a base price of $14,495 for the sedan and $15,395 for the hatchback, including shipping charges, when it goes on sale this fall. The 2012 Chevy Sonic sticker price is a jump of $2,249 to $3,005 above the 2011 Aveo, but the Sonic is a new design that includes more standard equipment. It rides on General Motors' new Gamma platform.

2006 Michelin Challenge Design seeks vehicle designs for California market

Michelin issued a call for entries to the global design community this week to kick off the 2006 Michelin Challenge Design, one of the industry's fastest growing vehicle design forums. In the last four years, Michelin Challenge Design has been the catalyst for students in design universities, design firms, professional designers from top OEMs, and individual designers from all over the world to have their work exhibited at a major international auto show in support of a central theme. Last year, submissions were received from 50 countries worldwide with selected designs displayed at the 2005 North American International Auto Show in January.