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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.

Kia teases Chicago-bound Cross GT concept

Kia has revealed a sneek peek of its Cross GT Concept ahead of its unveiling at the Chicago auto show. The carmaker has said that the Cross GT Concept "hints at the future of Kia's design language in the form of a premium Crossover Utility Vehicle (CUV) that is larger than the new 2014 Sorento." Although the render provides only a limited view, the front end features slim, swept back lamps that flank Kia's signature grille. A jutting chin and coupe-esque roofline add the requisite crossover mashup elements.

2013 Range Rover lands in the Middle East

The new Range Rover – fresh from its world debut at the 2012 Paris Motor Show – has now arrived in one of its key markets – the Middle East. There’s no doubt that the UK will be a big market for the new Range Rover, and the US will become even more so if Land Rover can demonstrate the new Range Rover is not just the best luxury SUV there is, but that it’s properly bolted together too. But beyond Land Rover’s home market and the US, it’s the Middle East that beckons as a mainstay of Range Rover sales, so an early presentation to the wealthy clients of Range Rover dealer Al Tayer Motors – the award-winning Land Rover dealers in the UAE – was a must.