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Fisker, Energy Department face tough Congressional hearing on federal loans

Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.

Tata Nano bounces back

Tata Nano Sales recovered well in December The Tata Nano was going to be the car that changed the world. Not since the Model T brought motoring to the masses was there a car that was going to change the game so drastically, with a list price in India of just £1750 and plans to bring the Tata Nano to Europe with a sub £5k tag, the Nano was going to be a revolution. Things started well, with Tata having to organise a lottery to allocate the Nano to buyers, such was the demand.

New Lexus Concept teased for Frankfurt. Is this the Lexus RC, the IS Coupe?

New Lexus Concept teased for Frankfurt With the 2013 Frankfurt Motor Show now just a few weeks away, car makers are starting to tease their offerings, with this morning’s coming from Lexus with a tease photo for a new Lexus Concept. Lexus aren’t giving anything away, but it does look like this tease could be for the new Lexus RC – and a powerful RC-F – Coupe, a two-door version of the latest IS. That makes more sense from the proportions we can work out in the photo than a  first look at a more compact, sub-RX – SUV we also know is in the works, but we wonder how different it will be from the concept for the latest IS.