3m 81401 3-inch By 21-inch Purple Regalite Resin Bond 80 Grit Cloth Sanding B... on 2040-parts.com

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.

Audi Q5, Skoda Yeti, & Abarth 500 are the UK’s lowest depreciating cars

Audi Q5 - the UK's least depreciating car The key to low-cost motoring has more to do with depreciation than running costs, so pick an Audi Q5, Skoda Yeti or Abarth 500. The difference in residual values of cars after three years can have a huge impact on motoring costs. A £15k car that has strong residual values – like the Audi Q5, Skoda Yeti and Abarth 500, identified as the UK’s lowest depreciating cars by CAP (and published by Auto express) – could be worth as much as £10k after 3 years and 30,000 miles.

Bertone's fate to be decided at the end of April

Bertone's most recent financial troubles have been far from secret – its no-show at the Geneva motor show confirmed our fears – but until now the company hasn't released an official statement about its situation. However the UK newspaper the Telegraph has gained access to a company spokesperson who confirmed that "the problem is many debts and very high costs. At the moment everything is blocked.