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Plans for Smart’s three-seat sports car uncovered in patent drawings

Mercedes-Benz is developing a three-seat sports car for Smart. Depicted here in a series of European patent-application sketches obtained by AutoWeek, the radical new sports car forms part of an extended range of new Smart models planned for introduction by the middle of the next decade, including a more conventional four-seater to be produced in cooperation with Renault. Mercedes-Benz is reacting to increased competition from Toyota in the form of the iQ and the impending arrival of similar urban-based offerings from premium-brand rivals Audi and BMW.

McLaren P1 will smash Nurburgring & Top Gear lap records

Ron Dennis has said that the new McLaren P1 will smash lap records at the Nurburgring and at the Top Gear track at Dunsfold. But that’s as much about the run-up to Geneva as the Motor Show itself as Ferrari had managed to keep LaFerrari under warps until just a few hours before it debuted. So interest and excitement were high and LaFerrari did little to disappoint.

Tesla offers finance deal on Model S

Tesla Motors has joined forces with USBank and Wells Fargo Bank to create vehicle financing and leasing products that allow consumers to lease a Model S electric sedan for a net payment of about $500 a month after a 10 percent down payment and calculated savings. The 10 percent down payment often will be covered by federal and state tax credits available on electric vehicles. However, the $500 a month payment is an "effective" monthly payment.