2005-2006 Audi A4 Hood on 2040-parts.com

Honda reportedly plans electric car for '15

Honda could be joining the growing ranks of electric-car makers and reportedly plans to sell one in the United States sometime around 2015. Reports in the Nikkei Business Daily in Japan say that the car would arrive then as part of Honda's plans to meet stricter mileage standards set to take effect for the 2016 model year. The car would be Honda's answer to the Nissan Leaf and the Chevrolet Volt, which have announced eye-popping mpg figures and are due next year.

Tesla Model S goes up in price

The electric Tesla Model S – which won’t arrive in the UK until at least late in 2013 – is going up in price in the US and gets a spec change. The Tesla Model S is perhaps, just perhaps, the only really credible electric car so far; a luxury ‘Sports’ saloon car that offers range almost comparable to an ICE car and, it seems, prices that aren’t an awful lot different. That makes it a far more appealing prospect as a replacement for an ICE car than anything we’ve previously seen.

Chrysler first-quarter profits down

Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.