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Tesla Model S first EV to earn high praise from Consumer Reports

Tesla Motors Inc.'s all-electric Model S sports car received the highest score in Consumer Reports' ratings -- a 99 out of 100 -- along with widespread plaudits from the magazine's automotive testing staff. The magazine said the $89,650 EV it tested "performed better, or just as well overall, as any other vehicle -- of any kind -- ever tested by Consumer Reports." The last vehicle to achieve a score of 99 in the magazine's testing was the Lexus LS 460L, which was tested in 2007. The Model S, which went on sale in 2012, also marks the first time any electric vehicle has earned a score that high, the magazine said Thursday.

Tesla rolls out Model S hatchback, plans late 2011 start

Amidst thumping techno and inside his own rocket factory, Tesla founder and CEO Elon Musk pulled the cover off his much-anticipated second car onThursday. The Model S five-door hatchback will go into production in late 2011 at a rate of 20,000 per year. Prices will start at $49,900 for the base model, a price that assumes the $7,500 current Federal tax credit available.

GM recalls midsize cars for transmission fix

General Motors is recalling the Chevrolet Malibu, Pontiac G6 and Saturn Aura to fix a problem with the transmission shift cable. GM says the tabs on the cable end may break. If that happens, the shifter indicator may not match the transmission's gear.