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GM to build Cadillac ELR in Detroit

General Motors confirmed Tuesday that it will build the Cadillac ELR extended-range plug-in hybrid at the same plant that builds the Chevrolet Volt and Opel Ampera hybrids. GM said it will spend $35 million on the Detroit-Hamtramck Assembly plant to add the Cadillac. GM North America president Mark Reuss said production of the ELR is set to begin in late 2013.

Third Tesla Model S catches fire

Update: According to an Automotive News report, "NHTSA said it will contact local authorities about the latest fire 'to determine if there are vehicle safety implications that merit agency action.'" The agency had previously backed away from an investigation after determining that vehicle defects were not to blame for the fire in early October. Just after Tesla Motors reported a $38 million third-quarter loss and within a few weeks of two other car fires, a third Model S sedan reportedly burned on the highway near Smyrna, Tenn. The Tesla Motors Club forum supplied photos of the crash, which occurred around 1:30 Wednesday afternoon, in addition to intense speculation on the cause of the fire.

2014 BMW X5 priced starting at $53,725

The 2014 BMW X5 was officially revealed by the automaker about a month ago, but now the pricing has been officially released. The rear-wheel drive X5 sDrive35i starts at $53,725 (all prices include destination and handling) while the all-wheel drive xDrive35i will start at $56,025. These models come with BMW's 3.0-liter twin-turbo inline-six laying down 300 hp and 300 lb-ft of torque.