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Shake-up at Tesla; a dozen UK orders

By Tim Pollard Motor Industry 16 October 2008 11:22 Electric car start-up Tesla is restructuring its US operation and laying off around 100 staff, as the credit crunch continues to make life difficult for car companies big and small. It’s now on its fourth CEO in 12 months, as founder Elon Musk takes over from Ze’ev Drori. In an announcement on the chief exec’s blog, Tesla Motors said it would be ‘cash-flow positive’ within six to nine months – but only by increasing production and cutting operating costs.

AC Schnitzer upgrades third-gen BMW X5

The Geneva motor show probably brings together more companies related to carmakers than any other show on the calendar (except maybe SEMA). This year, we'll see Brabus, ABT, Mansory and -- of course -- AC Schnitzer. Schnitzer is based in Aschen, Germany and specializes in BMWs and Minis.

Audi develops new A2; plans for U.S. unclear

Audi is developing a reincarnation of the A2 small car that will slot between the A3 and the A1 minicar introduced in Geneva last week. "There's clearly room for another product and another concept between the A3 and A1," Audi CEO Rupert Stadler said on the sidelines of the Geneva auto show. Michael Dick, Audi's board member for technology, said in an interview that the company's push to add electric variants will play a role with the next-generation A2 "in the near future." The German media have reported that the A2 is expected by 2014.