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EV car maker Aptera shuts down

Automotive startup company Aptera Motors, promoter of the weirdly styled, three-wheeled 2e electric car, shut down on Friday, saying it was out of money. The company said it was unable to raise funds from private investors that would have kept it going until it received a $150 million loan from the Department of Energy's Advance Technology Vehicle Manufacturing program. "This is a difficult time for everyone connected with our company because we have never been closer to realizing our vision," CEO Paul Wilbur said in a statement.

SEAT Leon Twin Drive Prototype surfaces in Barcelona

VW’s Spanish arm SEAT today unveiled their vision of the future, with the SEAT Leon Twin Drive Prototype unveiling in Barcelona. The Twin Drive concept is simple, but quite promising. It offers an electric motor for running around town, but switches to a diesel or petrol engine when out of town.

Revolutionizing the BMW M3

BMW is less than a year away from officially revealing the fifth generation of the menacing M3, the first to receive turbocharged six-cylinder power. The performance sedan, code-named F80, is expected to appear as a lightly veiled concept at the 2013 Geneva motor show, debuting the appearance and mechanical package of the M division's eagerly anticipated Mercedes-Benz C63 AMG rival. A showroom-ready version with a production interior arrives at next year's Frankfurt motor show, BMW sources say.