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Tesla offers finance deal on Model S
Wed, 03 Apr 2013Tesla 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.
Saab files for bankruptcy
Tue, 20 Dec 2011Struggling Swedish manufacturer, Saab, has finally filed for bankruptcy. What may well prove to be the closing chapter in this ongoing saga could see the iconic brand laid to rest following months of uncertainty. A statement by parent company, Swedish Automobile NV (Swan) announced that: ‘After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded.
Video: Cadillac ATS design development story
Mon, 26 Mar 2012Cadillac has released a new video as part of a series of episodes charting the design and development of its ATS compact sedan. The video features key members of the design team, including Design Director Clay Dean, Exterior Design Manager Taki Karras, Exterior Design Director Bob Boniface, Interior Design Director Eric Clough and Color & Trim Lead Designer Thomas Prevost. "When you drive this car, its combination of design, powertrain and engineering and interior design.