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Jeep Grand Cherokee to spawn Maserati SUV – confirmed

The 2003 Maserati Kubang SUV Concept The idea of an SUV from every luxury maker seemed a dead cert a few years ago. And then the world went in to financial meltdown and the eco-mentalists convinced a chunk of the car buying public that SUVs were the spawn of the devil, which put the kybosh on the nascent plans of many a car maker. But the recession hasn’t quite turned in to a depression (unless you’re one of the poor countries sucked in to the German Euro Zone), and many are now waking up to the fact that SUVs aren’t killing the planet and that CO2 is actually beneficial to planet earth, not harmful.

GM to double size of battery lab

General Motors says it will spend $8 million to double the size of its Global Battery Systems Lab, which the company claims is the largest and most technologically advanced automotive battery lab in the United States. GM says the expansion will speed up the development of hybrid and electric vehicles, such as the upcoming Chevrolet Volt, by improving on-site testing of battery cells and systems. When finished, the lab will be 30,000 square feet bigger than it is now, for a 63,000-square-foot total.

Tesla loses $38 million in third quarter

Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.