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Panasonic invests $30 million in Tesla Motors to develop batteries

Japanese electronics giant Panasonic Corp. said late Wednesday it invested $30 million in Tesla Motors Inc. to cooperate on green powertrain development.

Toyota cuts 2014 Prius Plug-in hybrid prices

For the 2014 model year the Toyota Prius Plug-in hybrid will get a price cut, with the base Prius Plug-in model starting at $29,990, not including destination. The $2,010 drop in price comes without any changes to the vehicle, and Toyota was keen to point out that "This price repositioning on the base Prius Plug-in Hybrid is not accompanied by any reduction in vehicle content.” This drop in price can be viewed as part of Toyota's effort to keep sales volume of its popular plug-in hybrid model on target -- about the only place where the 2014 model Prius will look different will be the Japanese domestic market, where the Prius will get two-tone paint options, new wheels, and LED lighting. Likewise, the Prius Plug-in Advanced will also get a price cut for the 2014 model year, and will start at $34,905, not including destination.

VW Beetle R Concept revealed

VW Beetle R Concept arrives at Frankfurt We did speculate back in June that Volkswagen were planning on giving the new VW Beetle some butch credentials by endowing it with a new performance range-topper – the VW Beetle R. And today at Frankfurt the new hot Beetle takes a bow. VW are dubbing the Beetle R Concept, but it’s clear that they want the new Beetle to be perceived as more appealing to men as well as women; to those who enjoy the drive as well as to those who buy a car to make a style declaration.