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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.

2013 Lexus LS – first official photo

The 2013 Lexus LS is due to be revealed on Monday but Lexus has already revealed the first official photo of the new LS. We reported earlier this month that the new 2013 Lexus LS was on the way – including an LS F Sport version - and that Lexus would be revealing their new flagship on 30th July. But hot on the heels of a couple of leaked photos of the new LS, Lexus has decided to be pragmatic and release an official first image of the 2013 LS ahead of the official reveal next week.

Car Design Awards China 2012 winners announced

The third annual Car Design Awards China competition came to an end earlier this evening as the winners of the 10 categories were announced along with the nomination for 2012 Student Designer of the Year - Xiao Hangjie, a student at Hunan University. The awards ceremony was held at the studios of CH-Auto in Beijing in the presence of an audience of renowned designers and judges from both domestic and international OEMs, with esteemed designer Chris Bangle acting as master of ceremonies. At the concluding judging session held in Beijing in March, one of the judges, Simon Loasby, Director of Design at VW China, said, "It was so difficult for us to decide on a winner, the entrants were so strong.