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Tesla set for record sales result

Innovative electric carmaker Tesla is set to announce that the last quarter of 2013 was the most successful for sales in the company’s history. As a young company with a well-respected product this doesn’t sound too surprising – until you learn that the anticipated results are said to be 20% better than Tesla had predicted. On Bing: see pictures of the Tesla Model S Find out how much a used Tesla costs on Auto Trader Tesla says it sold and delivered nearly 6,900 vehicles in the fourth quarter of 2013 – which is “approximately 20%” more than prior guidance.

Interior Motives China Conference 2013 – Day One

This year's Interior Motives China Conference got off to a great start yesterday in its new home at the Hilton Hongqiao in Shanghai. The theme of this year's event is 'Technology and Tradition; Old meets new in modern-day China.' Interior Motives is the print magazine from Car Design News, which focuses on the design development of vehicle interiors. The sixth running of the annual conference has seen a large shift in the Chinese market since the first.

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).