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7th L'argus European Design competition announced

On 21 June 2008, French magazine L'Argus de l'automobile will launch its 7th European Design competition. Students will have to imagine a new vehicle based on the theme: "Invent a vehicle that is useful for society". The deadline for submissions is December 21, 2008.

Honda at the London motor show 2008

By James Foxall Motor Shows 23 July 2008 14:35 Honda came up with a genuine global surprise at the London motor show 2008 – with the OSM concept car that previews a potenital successor to the S2000. The Open Study Model is a junior roadster that bears an uncanny resemblance to the CR-Z concept. We suspect this could translate into a convertible version of the CR-Z, itself bound for production in 2010 as a hybrid coupe.

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.