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Toyota to build Tesla-powered RAV4 EV in Canada

Toyota RAV4 EV - Made in canada There was a bit of a kerfuffle last month when a Toyota man went on record to say that Toyota would not be making an electric RAV4 that you and I could buy and that instead the electric RAV4 would be “…focused on very strategic applications”. We took that to mean business fleets. But it soon transpired that the Toyota man - Toyota’s National Business Planning Manager – has not been speaking with the authority, and Toyota were quick to respond by saying “…2012 RAV4 EV will definitely be sold to the general public”.

Ferrari 458 Italia Spider leaks out. Probably.

Ferrari 458 Italia Spider leaks out - probably It’s only a couple of weeks since we reported that Ferrari would be taking the convertible 458 to Frankfurt, and now we have a set of three leaked photos of the Ferrari 458 Italia Spider in all its glory, doubtless leaked out from a magazine printers. We’re not completely convinced the photos of the 458 Spider are real – they seem familiar somehow and could be good Photoshops – but if they are real there’s no doubt Ferrari won’t be amused – as Italians seldom are under these circumstances. But assuming the photos are real they just tell us what we already know – the 458 Spider is the regular 458 Italia with its roof chopped off.

Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.