A new car would soon be showcased by Tesla Motors, the popular Palo Alto electric-car maker, as revealed by a new report. It has been found in the report that the sport utility vehicle would be ready for sale next year.

A latest report has revealed that Tesla Motors Inc., the designers and manufacturers of electric cars has announced their future plans.

It has been revealed that they have made a sport-utility battery powered car which has gullwing doors. The car was unveiled also, but CEO Elon Musk told that they would start the sales of the care after starting the sales of Model S sedan.

A devastating accident in Japan caused a loss of more than millions of dollars. In the history of accidents, this accident was the most expensive till date. About 14 luxurious cars were part of the mishap which took place yesterday.

It has been revealed in a recent report that the Maybach luxury line that was due for release by the year 2013 is now going to be put on hold. The reason for the same has been said to be need for cutting the losses being incurred by the firm.

On Friday, the National Highway Traffic Safety Administration notified that new fire have stimulated an investigation in order to measure the risk of fire in the electric car after a major car crash. In a statement, the GM notified that the volt is safe and not indicates any risk under the spell of normal operation or immediately after a severe crash.

Japan was shaken up severely by March earthquake, but the impact of earthquake on Japan's economy can still be seen. Toyota, the world's biggest automaker, has announced a decline in its first half net profit of this year. The manufacturer has blamed that the earthquake had caused a drift in its profit.

It has been reported that Rolls-Royce is looking forwards to sell off its shares in the International Aero Engines to Pratt & Whitney, Aerospace giant. International Aero Engines has a well reputation for creating International Aero Engines. Following the announcement of Rolls-Royce plans, the shares of the group surge dramatically.

In a much anticipated step, Chevrolet has uncovered its next offering an all-new Aveo. Touted to be a bit different, the maker does not want it to be compared with any of its competitors in the ‘supermini’ segment.

Volkswagen is planning to drop the idea to collaborate with Porsche SE, who intends to grab the sports car segment alone.

Ford has proceeded with its course to provide in-built car medical services as they have announced the invention of a new car seat which monitors the drivers or passengers’ heartbeat.