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Audi Q3 RS: A quick Q3 planned for 2012

Audi are planning a hot Q3 - Audi Q3 RS, perhaps? To be honest, we’re not exactly certain that a quick Audi Q3 will actually come to market as the Audi Q3 RS. But we are pretty sure there is going to be a quick Q3 with something over 300bhp.

Tesla pays off its government loans

Tesla paid off the last of its $465 million government loans May 22, nine years ahead of schedule, thus outperforming most U.S. college graduates and the vast majority of American homeowners. Tesla used funds from a stock offering to finish the loan with a whopping bank transfer of $451.8 million Wednesday, pointing out that it was “…the only American car company to have fully repaid the government.” Apparently no one at Tesla was even born when Lee Iacocca paid off Chrysler's $1.2-billion government bailout ahead of schedule back in 1983.

Renault’s electric cars ‘will cost the same as its diesels’

By Richard Yarrow Motor Industry 28 April 2009 12:10 Three electric vehicles (EVs) in development by Renault will cost the same as the equivalent diesels in Britain, the company has confirmed to CAR Online. Battery-powered electric Renaults are expected to cost from around £15,000 when they arrive in the next couple of years. The announcement takes into account the UK Government’s £5000 EV incentive scheme announced earlier this month.