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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.

Are used car prices about to spiral down?

CAP – the used car price specialists – are warning that used car prices, particularly ’almost’ new car prices, are set to tumble as nearly new cars hit the market. The car market in the UK has proved amazingly resilient to the general malaise in the economy, with new car sales continuing to rise strongly and used cars seemingly immune to big depreciation drops. But CAP – who gauge used car prices for the motor trade – are warning that this could be about to change as the impact of recent trading in new cars is about to start impacting on used car prices, particularly prices for cars less than a year old.

Brief 4 – GMC: CDN–GM Interactive Design Competition

Once again, Car Design News and General Motors are holding an Interactive Design Competition.There are five design briefs to choose from, each set by GM's design teams, and you're invited to submit your entry on the competition website: http://www.cardesigncontest.com/ The fourth of our briefs comes from GMC, GM's truck-and-utility-only brand, and asks you to design of the interior or exterior of a GMC show car to be revealed at the 2030 North American International Auto Show. Your design should focus on a future interpretation of GMC's ‘industrial sculpture' design philosophy. You'll need to bear in mind who the customer for this truck or utility vehicle is, and consider what is the purpose and application of the vehicle.