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Tesla system will swap a Model S battery in 90 seconds

"This is the title fight," said Elon Musk, in typical brashness. "This is battery-powered versus gasoline." The Tesla CEO preached this to a crowd of Tesla owners and supporters while formally confirming the company's worst-kept secret: the fact that the Model S sedan's batteries were designed from the beginning to be swapped out. The system Tesla envisioned has plenty of ambitious, techno-wizardry automation, with a focus on as much convenience as possible: The Model S will drive over a pit containing machinery which automatically changes the battery from underneath in approximately 90 seconds -- and the driver doesn't even have to get out of the car.

2013 New York F1 Grand Prix cancelled

The 2013 Grand Prix of America in New Jersey has been dropped as organisers run out of time to prepare for the New York street F1 event. With Bernie Ecclestone pushing to get America to fall in love with F1, a headline F1 act on the streets of New York – a Monaco GP for the colonials – looked like a plan. But it’s a plan that’s now been postponed until at least 2014 after Bernie plugged the plug on organisers as they need more time to prepare for what will, by any measure, be a huge logistical task.

Mercedes U.S. boss ‘excused' from his duties

Mercedes-Benz U.S. chief has been “excused” from his duties effective immediately, according to a Daimler spokesman. Ernst Lieb, 56, had held the position since 2006.