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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.

Freshened Nissan GT-R gets more power

The mid-life refresh of the storming Nissan GT-R will feature a power increases as well as slightly updated styling and new interior trim options. Nissan is keeping details of the extra power to itself, although rumors imply it might grow to more than 500 hp. The design tweaks are intended to flow more cooling air into the engine bay, which suggests the power might rise substantially.

Ellesmere Port's bid to build Ampera hits snags

By Rob Golding Motor Industry 09 October 2009 15:02 Prime minister Gordon Brown’s personal crusade to get Vauxhall's version of the Chevrolet Volt petrol-electric plug-in hybrid – the Ampera – built in Britain's Ellesmere Port factory in 2012 is a dream delayed, CAR can disclose today.News that the UK Astra plant is the best in Europe, that the Astra's Delta platform will underpin the Ampera, and that Volt will be on US sale from 2010 had been taken to mean that Vauxhall would be churning out the cars in the north west within three years.But the prospect of an electric car industry growing up around the run-down Merseyside manufacturing site is not imminent, CAR has learned.'No Ampera to be built in Europe before 2015'Vauxhall insiders have made it clear that the car to be known as the Vauxhall/Opel Ampera in Europe will be an import from the US for at least five years. One senior planner told us: 'The US will be the sole source of Amperas until at least 2015.'Bob Lutz, GM's former product supremo who recently came out of retirement as a PR, said that the low value of the dollar made the US an ideal site for the manufacturing of export cars. And with forecast sticker prices of the range-extender electric car standing at a scary £35,000+, every price saving is vital to its marketability.The European market also needs time to get its electricity recharge infrastructure in place before it is worth making cars onshore in volume, GM high-ups point out.