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Fiat 500e EV LOSES $14,000 on every one sold – so please don’t buy, says Marchionne

Fiat lose $14,000 on every electric 500e The electric Fiat 500e arrived as a concept at the Detroit Auto Show in 2010 and finally arrived as a production reality at the Los Angeles Show in 2012 before going on sale in the US. The 500e is an appealing little car for zapping around town, especially if you only do a relatively low mileage every day and have somewhere to plug it in. But it is rather expensive.

Q&A: David Townsend, GM global design director, user experience

GM's new design director of user experience, David Townsend, has only been in the job just over a month. But with a remit extending to the interface design of every vehicle in GM's global portfolio, his influence will soon be widespread. After graduating from Art Center with a degree in transportation design, Townsend interned for Toyota but soon moved to Motorola, where he developed wearable Bluetooth technology and designed the familiar headsets worn by coaches in the NFL.

UPDATED: 2014 Chevrolet Corvette LT1 V8 to make 460 hp, 465 lb-ft

UPDATED 5/28/2013: Chevrolet has officially rated the 2014 Corvette Stingray LT1 V8 at 460 hp at 6,000 rpm and 465 lb-ft of torque at 4,000 rpm. Chevy claims up to 316 lb-ft of torque is available starting at 1,000 rpm. Check out complete LT1 details below, and look for an upcoming breakdown of the latest LT1.