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Carbon Motors denied government loan for police cruiser

Carbon Motors, an Indiana-based company that aims to build police vehicles, said on Wednesday that the Department of Energy has denied its application for a loan under the Advanced Technology Vehicle Manufacturing program. The loan program was created under President George W. Bush and continued with President Barack Obama.

Chrysler first-quarter profits down

Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.

Tesla Model X SUV will ONLY be available with four wheel drive

The Tesla Model X (pictured) will only be available with 4WD The Tesla Model X does promise to be a very appealing SUV, even if its main USP for business users – zero BIK – will have been scrapped by the time it arrives in the UK. When it does arrive, prices are expected to be similar to the Model S Saloon and, just as with the Model S, Tesla are planning a variety of battery capacity options and, we thought, an entry-level rear wheel drive model. But Green Car Reports, in response to a reader enquiry, has got confirmation from Tesla that they have now decided that all Model Xs will come only with the 4WD powertrain fitted.