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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.

Nissan Qashqai 360 replaces Qashqai n-tec+ – costs from £19,945

Nissan is replacing the Qashqai n-tec+ with the Nissan Qashqai 360 Edition complete with more equipment including a 360 degree view camera. In fact, the best-selling Qashqai – the Qashqai n-tec+, which accounted for 60 per cent of Qashqai sales in 2012 – managed to out-sell the Ford Mondeo all on its own and sold more than the Hyundai ix35 and Kia Sportage combined. A fact Nissan are keen you know.

Ford reaches agreement to sell Volvo to Geely for $1.8 billion

Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced on Sunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.