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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.

Russo and Steele auction remains closed

The Russo and Steele Collector Automobile Auction remained closed on Saturday as work crews continued to asses damage and clean up from high winds that destroyed two tents at the auction site in Scottsdale, Ariz., on Thursday night. In a message posted on the Russo and Steele Web site, CEO Drew Alcazar said he would meet with consignors of the cars at the auction on Saturday morning. He added that the auction would remain closed on Saturday but that Russo and Steele would work to hold auction sessions on Sunday and Monday.

2010 Mopar Challenger revealed!

Dodge and Mopar are teaming to create a limited-edition Challenger for 2010 that wears triple black with popping blue stripes and has a goosed Hemi under the hood. The Mopar Challenger will be revealed later this month at the Chrysler museum near Detroit and at the NHRA’s Mile-High Nationals in Colorado, but pictures were released and specs were announced on Wednesday. This new muscle coupe arrives in dealers next month and will be limited to just 500 copies.