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Tesla sues Top Gear over range claims

Popular British television show Top Gear has been sued by electricc-car maker Tesla Motors Inc. over an episode that Tesla says is libelous. Tesla says the show faked a scene showing the electric-powered Tesla Roadster running out of power.

News watch August 2010: today's industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 August 2010• HSBC has sold its US car loan business to Spanish bank Santander, for an estimated £2.6bn in cash and assumed debt. The move sees the bank further distance itself from the collapsed US sub-prime market (Financial Times, subsription required) • Toll roads do not improve congestion, according to the Campaign For Better Transport. Its claims M6 toll road operator Midland Expressway Ltd is losing ‘tens of millions of pounds’ each year, while conditions on the original M6 have failed to improve (Campaign for Better Transport) Friday 27 August 2010• Spyker, which bought Saab earlier this year, has posted a €139m loss after tax in the first half of 2010 it announced today (Financial Times)• Fiat CEO Sergio Marchionne says the business is performing strongly in the third quarter – and has ruled out selling Alfa Romeo.

General Motors Europe announces new European Design Center

General Motors' global Design organization is a multi-national team with eleven design centers around the world. The offices are linked via virtual reality studios and projects are shared around the globe. The organization is led by Ed Welburn, GM's global vice president of design.