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Tesla Motors has just released a preliminary, unaudited financial report concerning the year than ended on Dec. 31, 2010. The company reported losses of US$51.4 million in Q4 2010 and US$154.3 million for 2010, which was almost triple the US$55.74 million loss for the year ending Dec. 31, 2009. The EV automaker's revenue, however, rose approximately 5 percent in 2010 to $116.7 million. Revenues for the fourth quarter of 2010 were US$36.3 million, a 16% increase from the US$31.2 million reported in the prior quarter. Tesla added that gross margin improved to 26% for the full year 2010, up from 9% for 2009. The company 's future plans include the launch of the Model S, which is scheduled to go on sale in the middle of next year. Scroll down to read Tesla CEO Elon Musk's statement. photosRead more In
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Get ready for the third installment of Michael Bay's Transformers franchise as the first trailer of the upcoming new movie called Transformers 3: Dark of the Moon, has hit the air. Being that Megan Fox abandoned the series, we're somewhat less excited about this one, and the new trailer, which gives a fictional twist to Neil Armstrong's 1969 moon landing, ain't helping much either. In any case, you can watch the clip right after the break.PHOTOSRead more In
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VW Group subsidiary Skoda is celebrating the 100 years of the Monte Carlo Rally as well as its own 110 year-long involvement in motorsports with the presentation of the Fabia Monte Carlo, a special edition version of the five-door hatchback model with bespoke exterior and interior styling cues. On the outside, the Czech special gets extensive piano-black trim covering the front grille and spoiler lip, wheel arch add-ons, side skirts and mirror housings. Furthermore, the Fabia Monte Carlo boasts a black roof, tinted windows and headlights, complemented by 17-inch Trinity alloys for the UK or 16-inch Comet rims for the rest of Europe.Inside, customers can choose between all black or red and black sport seats which provide additional side support. In tone with the exterior’s color scheme, designers opted for black roof lining and leather steering wheel with red stitching, accompanied by leather handbrake and shifter knob. Silver footrests and steel pedals round off the interior upgrades.Based on the Ambiente (SE in the UK) trim level, the special edition model will be available with an extensive, market-differentiated engine line-up, including the 86/105 hp 1.2-liter TSI petrol and 75/105 hp 1.6-liter TDI diesel engines, all coupled to a 5-speed manual transmission.The Fabia Monte Carlo will make its first public appearance at this year’s Monte Carlo Rally (January 19-22), while its show premiere is planned for the Geneva Salon in March. Depending on the market, orders will be taken from January 24 (UK) or beginning from February.photos Read more In
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Ever since Suzuki presented the latest generation of the Swift in the summer of 2010, we were wondering if the Japanese automaker had any plans to add a sportier version to its supermini's range. Well, it appears that Suzuki does have something in mind as the company will be exhibiting a new concept car named the SWIFT S-CONCEPT at the Geneva Motor Show in March. All we get for now is a teaser rendering showing the latest Swift sub-compact dressed in a new and more aggressive outfit with blistered front wheel arches, a new front bumper and grille design, unique headlamps and exterior mirrors plus a large roof wing. According to Suzuki, the overall development concept was to create "a stylish sport compact with premium performance." Apparently we'll have to wait until the Geneva Salon to find out what the Japanese automaker has up its sleeve.Read more In
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Subaru has released the first-ever teaser picture of its eagerly anticipated rear-wheel drive sports car concept ahead of its debut at the 2011 Geneva motor show on March 1. Even though Subaru's original ghost sketch of the car shows only a darkened outline of the front end, we managed to significantly brighten up the photo through some photoshop trickery and reveal the coupe's shape in full detail. At least from this picture, the Subaru study appears to differ in styling from its Toyota FT-86 sibling sporting a more curvy and less angular design. The Subaru variant will keep the same front-engine, rear-wheel drive layout as the FT-86, which will also be revealed in a more production ready form at the Geneva Salon. Power of course will be provided by Subaru's horizontally opposed boxer engine, but we'll have to wait until the Geneva Salon for more specific details.On a side note, a couple of weeks ago the car was initially referred to as “Subaru Rear-Wheel Drive Sports Car Technology Concept”, but now, the Japanese automaker says it has changed the name to "BOXER Sports Car Architecture”.The coupe concept will be joined in Geneva by the Impreza study that was first shown in LA last November and the Trezio, which is a re-badged version of the Toyota Verso-S mini MPV and will be offered in Europe with a 1.3-liter gasoline and 1.4-liter turbo diesel engine.photos
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The rapidly approaching Geneva Motor Show is turning out to be a birthing room for Saab as the Swedish company is planning to launch two world premieres including the 9-5 SportCombi along with the unveiling of the modestly updated 9-3 Griffin range and the limited production 9-3 Convertible Independence Edition. First teased on the Swedish firm's website last week, Saab today confirmed that one of the world premieres will be a never-before seen concept model conceived by a team under new design director, Jason Castriota, who is best known for his work at Pininfarina and for a short stint at Bertone where he penned the Corvette-based Mantide. The Swedish automaker said the concept car will showcase design features and technologies to be seen in the next generation of products from Saab, adding that it introduces styling themes drawn from the company's Scandinavian and aircraft-inspired design heritage. Saab also noted that the design study will feature an all wheel drive system with an electrically powered rear axle, which most likely points to a hybrid model. Along with the announcement on the concept car, Saab released a new gallery of photos of the all-important 9-5 SportCombi, which the company expect to sell in greater volumes than its four-door counterpart in many European markets. The more practical variant of the 9-5 series will be offered with a similar mix of turbocharged diesel and gasoline motors with sales scheduled to start in the Fall of 2011.photosRead more In
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The VW Sharan's Spanish sibling is now more worthy of the “multi-purpose” label as SEAT has presented a new variant with a permanent all-wheel drive system for the Alhambra. The new model benefits from the latest-generation of VW's 4x4 system, electronically controlled and set up for improved driving dynamics. According to SEAT, the system has been tuned to offer “a surprising level of sporty driving fun”. The all-wheel drive system is operated by a multi-plate clutch that sends the juice to the axle that needs it the most. In the event that the front wheels slip, an electrically driven annular piston pump builds up the oil pressure necessary for the clutch to divert a large proportion of the driving force to the rear wheels. The 4WD option will be offered in conjunction with the most powerful diesel engine available, the 2.0-liter TDI which develops 140 horsepower. Linked to a six-speed manual transmission, the oil-burner pushes the Alhambra to a top speed of 191 km/h (118 mph). The standard 0 to 100 km/h sprint takes a decent 11.4 seconds and average fuel consumption is rated at 6.0 liters/100 km (equal to 39.2 US mpg). The low fuel consumption and CO2 emissions of 158 grams per km are also due to the Ecomotive package, which includes a brake energy regeneration and an automatic start/stop system.The SEAT Alhambra 4WD will be available for sale starting this summer, in the Reference and Style versions with interiors configured with 5 seats. Towards the end of the year, the all-wheel drive MPV will also have a 2+2+2 seating arrangement. photosRead more In
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