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EV car maker Aptera shuts down

Automotive startup company Aptera Motors, promoter of the weirdly styled, three-wheeled 2e electric car, shut down on Friday, saying it was out of money. The company said it was unable to raise funds from private investors that would have kept it going until it received a $150 million loan from the Department of Energy's Advance Technology Vehicle Manufacturing program. "This is a difficult time for everyone connected with our company because we have never been closer to realizing our vision," CEO Paul Wilbur said in a statement.

Elemental RP1 track-focused sports car revealed

The Elemental RP1 revealed ahead of Goodwood FoS At the beginning of the month we ran a tease from a new start-up car maker teasing their track-focused sports car – the Elemental RP1 – and now, ahead of its debut at the Goodwood Festival of Speed this week, Elemental have done the full reveal of the RP1. Due to be ready to sell by this time next year, Elemental bravely proclaim the RP1 as previewing a new generation of world class British sports cars, and the spec does at least offer more than a hollow promise, fingers crossed and lots of hype. Based on a lightweight carbon and aluminium tub wrapped in body panels to fully enclose the underpinnings, has double wishbone suspension with inboard Eibach springs and Nitron dampers, 4-pot Caparo calipers and 17″ alloys.

Italian businessman buys Pininfarina plant for aluminum-vehicle project

Defeated twice in his attempts to buy Carrozzeria Bertone S.p.A., Gianmario Rossignolo has signed a preliminary deal to rent and run one of Pininfarina S.p.A. three plants. Rossignolo, 79, a flamboyant executive who worked at Fiat and Swedish ball-bearing maker SKF, needs the Pininfarina plant for its Innovation in Auto Industry S.p.A.