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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.

Mazda wins 2008 LA Design Challenge

The Mazda Kaan concept has won the fifth annual LA Design Challenge competition, part of the Design Los Angeles automobile designer's conference. The award was presented during the second press day of the 2008 Los Angeles Auto Show, following a designers' luncheon and keynote speech by Daniel Simon, visionary futurist and author of Cosmic Motors. As we reported last month, nine local Southern California design studios entered the competition to envisage how motor sport vehicles might be in the year 2025, answering the theme ‘Motorsports 2025'.

‘Lamborghini’ Ferruccio (2008) first official pictures

By Mike Elwin First Official Pictures 01 April 2008 10:57 This is the Lamborghini that never was: the stillborn Ferruccio project that has just been put on ice owing to a lack of orders. Designed by Italian coachbuilder Magvisio, the Ferruccio was a rebodied Murcielago LP640 and would have been faster than any current car wearing the Lamborghini badge, with a claimed top speed of 230mph. Although not an official Lamborghini project, Sant'Agata was monitoring the scheme ‘with interest’, according to its creators.Magvisio specialises in customisation jobs for private clients, and the Ferruccio was to be its first stab at designing a car from the ground up.