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Tesla expands electric-car charger network

Tesla 20-minute “superchargers” will blanket the U.S. and Canada within two years, CEO Elon Musk said Thursday. Musk announced plans to greatly upgrade and expand the number of its superchargers in and between population centers of the United States and Southern Canada to link major cities via free electricity.

Porsche Panamera revealed at Shanghai Motor Show

Porsche has finally officially revealed the Porsche Panamera at the Shanghai Motor Show As we’ve said before, the Panamera is not the most stunning looking of cars, and is left in the wake of the Aston Martin Rapide in the style department. But it would seem to us that Porsche is going to have another Cayenne-like success on its hands with the Panamera. As with the Cayenne, its looks are criticised, but it does everything else so remarkably well, and has the kudos of the Porsche badge, and it’s hard to see how it will fail.

Jaguar Land Rover – Clever Finance Deal

JLR releases £170 million by financing cars in transit Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.