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Tesla rolls out Model S hatchback, plans late 2011 start

Amidst thumping techno and inside his own rocket factory, Tesla founder and CEO Elon Musk pulled the cover off his much-anticipated second car onThursday. The Model S five-door hatchback will go into production in late 2011 at a rate of 20,000 per year. Prices will start at $49,900 for the base model, a price that assumes the $7,500 current Federal tax credit available.

LaFerrari joins Supercar exhibition at Ferrari Museum in Maranello

The new LaFerrari has joined an exhibition of supercars at Ferrari’s Maranello Museum joining cars like the 250 GTO, F40, F50 and Enzo Ferrari. Ferrari boss, Luca di Montezemolo, has opened the Supercar exhibition in Maranello to showcase Ferrari’s greatest models all in one place, an opportunity Ferraristi will find hard to resist. As well as LaFerrari, Ferrari has on show perhaps the greatest supercar in their history – the Ferrari 250 GTO – which was built in very limited numbers – just 33 Series 1 and 3 Series 2 cars – and now commands prices around the $40 million mark, the 288 GTO, the F40 – perhaps the ‘Driver’s’ choice – the F50 and, of course, the Enzo Ferrari.

Senate committee sends auto-safety bill to the floor for vote

The Senate Commerce Committee voted today to pass a far-reaching vehicle safety bill that has largely won both automaker and consumer support, sending the measure to the full Senate. The bill passed without objections from any senators. The legislation, crafted in the wake of Toyota's safety recalls this year, resembles a House bill that also is now on the floor of that chamber.