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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.

Lotus to double production – Return to Motorsport

Lotus CEO Dany Bahar plans to double production at Hethel and return to Motor Sport Through all the gloom and doom car makers have reported over the last year and more there has been one shining light which has seemed impervious to the downturn – Lotus. They’ve not only remained profitable but they’ve managed to bring to market a new car – the Lotus Evora – which has not only been pretty well universally praised but has a full order book to boot. Clever trick.

Show Review: Goodwood Festival of Speed 2011

The Goodwood Festival of Speed began 19 years ago. Back then, it amounted to little more than a glorified hill climb for historic racecars. Since then, it has grown to become the biggest event in the UK automotive calendar outside of the Grand Prix, and takes over Lord March's West Sussex Estate annually on the first weekend of July.