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Chinese-made Coda electric sedan looks to plug in to U.S. market

There's some competition for the Tesla Model S. Santa Monica, Calif.-based Coda Automotive unveiled its first electric car on Wednesday, and it's no golf cart. The Chinese-made, four-door, five-seat sedan has everything from Bluetooth and navigation to an iPod dock and a finished interior.

Peugeot-Citroen signs £1.3bn rescue deal

French car manufacturing giant PSA Peugeot-Citroen has signed a £1.32 billion deal with Chinese carmaker Dongfeng Motors and the French government to secure its future. The far-eastern firm and the French government will each invest €800 million (around £660 million). Both organisations will receive a 14% stake in the business.

£5000 electric car grants to cut a quarter off EV price

British motorists will qualify for grants lopping a quarter off the price of electric, plug-in hybrid and hydrogen cars – up to a maximum of £5000 discount – the Government confirmed this week. The Office for Low Emissions Vehicles, which launched six months ago, said the new grants would come into force from January 2011 as part of a £230 million low-carbon car incentive programme. Car buyers will qualify for the Plug-In Car Grant from an approved list of low-carbon cars.