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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.

European new car sales in record LOW

European new car registrations have plunged to their LOWEST level on record after slow August sales reversed an upturn in July. Registrations of 7,841,596 new cars between January-August 2013 marked a new low for the European new car market of 27 countries – so few cars have never previously been recorded since records began in 1990. 2013 UK new car sales forecast revised upwards European new car sales continue to struggle The UK new car market is the sole exception: so far this year, new car registrations have risen 10.4%, compared to the European decline of 5.2% in the same time period.

Trio of Mitsubishi concepts bound for Tokyo

Mitsubishi is bringing three new concepts to next month's Tokyo motor show, the first to be developed with the automaker's ‘@earth' design philosophy. The carmaker says the three will emphasize Mitsubishi's engineering and advanced technologies that embody environmental responsibility, driving pleasure, toughness and safety. Concept GC-PHEV is a full-size SUV that uses a high output PHEV (plug-in hybrid electric vehicle) system and is billed as a ‘connected car' offering preventive safety technology, wireless connectivity and driver support.