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Audi RS3 is revealed, packs 340 hp

WITH VIDEO -- Audi has finally come clean on its RS3 Sportback, revealing photos and information about the four-door hatchback planned for European sale next March. The RS3 uses a turbocharged 2.5-liter inline five-cylinder direct-injection gasoline engine borrowed from the TT RS. The RS3 Sportback will not come to the U.S.

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.

Audi A3 Cabriolet uncovered at the 2013 Frankfurt Motor Show

The covers have been pulled off the all-new Audi A3 Cabriolet at the 2013 Frankfurt Motor Show, prior to UK deliveries beginning in March 2014. The new A3 Cabriolet becomes the fourth version of the new A3 range to go on sale – and Audi has announced a surprise here in Frankfurt, by revealing a hot 300hp S3 Cabriolet variant will be joining the range.