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Tesla loses $38 million in third quarter

Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.

Volvo offers 250 Polestar Limited Edition C30s for U.S.

The 2013 Volvo C30 Polestar Limited Edition will be available in the United States in limited numbers for a sticker price of $32,445, including $895 in destination. The 2.5-liter five-cylinder engine receives an upgrade of 23 hp and 37 lb-ft of torque, leading to a total output of 250 hp and 273 lb-ft. Volvo says the power boost comes from increasing airflow into the combustion chambers and advancing spark timing.

Rinspeed iChange concept (2009): first pics and video

By Alex Michaelides First Official Pictures 16 February 2009 13:00 The boffins at Swiss automotive madhouse Rinspeed – the people behind the Lotus Elise-based sQuba submarine – have announced their latest exercise in Geneva motor show lunacy: the iChange, a concept car that changes shape to accommodate different numbers of passengers. Unlike its aquatic stablemate, the new Rinspeed iChange is strictly meant for dry land, but it does continue the company’s trend of battery-powered exotica, using three lithium-ion power packs. The iChange has radical bodywork that changes the car’s format.