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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.

Local Motors 'Design Our Car' competition opens

Local Motors has opened its first-ever ‘Design Our Car' competition, which encourages collaboration within the manufacturing community. The open-source automaker is providing two of its Rally Fighter cars, one of which will be built at the company's micro-factory in Arizona while the other will be built live in the Emerging Technology Center at September's International Manufacturing Technology Show (IMTS) in Chicago. Ideas from the design and engineering community are being sought to help design and select a skin for the Rally Fighter that will be built by the Local Motors team this spring.

New Ford Kuga (2012) to debut at Los Angeles Motor Show

2012 Ford Kuga / Escape to debut at Los Angeles 2011 - based on the Vertrek Concept (above) Yes, strictly speaking the debut of the new Ford Kuga at the Los Angeles Motor Show in November is actually for the 2013 Ford Escape. But in the new ‘One World’ of Ford the new Escape – based on the Ford Vertrek Concept from this year’s Detroit Motor Show – will, with just a few changes, become Europe’s new Ford Kuga. What makes it even more certain that the Escape is much the same as the Kuga will be is news on the engines.