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Tesla Model S performance version to rival BMW M5

Tesla Model S with M5 Performance Our inherent scepticism about Elon Musk’s claims for the Tesla Model S refuses to go away, but Tesla are convinced they can deliver the Model S with a 300-mile range, great looks, great performance and top-end tecchy goodness at a sub-$70k price tag. And now, it seems, there is going to be a Tesla Model S with performance to rival the BMW M5. At an event yesterday in California, Elon Musk revealed that at launch – the Model S is expected to be hit the road in 2012 with UK cars arriving in 2013 – the Model S will in fact have four variants on offer.

GM to build electric motors in-house

General Motors will develop and build electric motors for a rear-wheel-drive hybrid to launch in 2013. GM claims to be the first major U.S. automaker to produce electric motors in-house and says it is investing $246 million in the project.

A new batch of Ford Mustang Cobra Jets is on the way to racers

The 40th Anniversary 2008 Mustang Cobra Jet, announced about a year ago, has been such a huge success for Ford Racing that the company will build a 2010 model, available later this year. Like the '08 CJ, just 50 examples of the turnkey race car will be built, the minimum number to homologate the car for competition in National Hot Rod Association events. An '08 Cobra Jet won its inaugural event in the Stock Eliminator Class in February at the NHRA Winternationals in Pomona, Calif., just as the original 1968 Cobra Jet did.