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Tesla plans to launch Nissan Leaf fighter in 2016

Tesla Motors will launch its smaller electric sedan in late 2016, with a range of at least 200 miles and a price point "half" of the flagship Model S, Tesla CEO Elon Musk said. Musk's timeline, range and price announcement is the most definitive data so far regarding the so-called "Gen III" vehicle. The current Model S starts at $62,400, meaning the Gen III car will start at about the same price as the Nissan Leaf SV and have triple the real-world range.

Cadillac recalls SRX for acceleration lag

Cadillac is recalling certain 2013 model year SRX crossovers for an issue that can cause a three to four second lag in acceleration due to a problem with the transmission control module. Such a lag may increase the risk of a crash, according to the National Highway Traffic Safety Administration. This recall concerns only the SRX models equipped with the 3.6-liter V6 engine, and the affected vehicles were manufactured between May 29, 2012 and June 26, 2013.

Quarter of car sellers 'lie'

MORE THAN a quarter (28%) of people selling a car admit to telling a ‘white lie’ to help the sale go ahead. The statistics are higher among young car sellers aged 18-25-years old, where 33% admit to lying to make sure their cars is sold. A study commissioned by vehicle history service HPI found 11% of sellers admitted to hiding problems with their car, while 9% are prepared to alter the mileage of their car to achieve a better price.