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Shake-up at Tesla; a dozen UK orders

By Tim Pollard Motor Industry 16 October 2008 11:22 Electric car start-up Tesla is restructuring its US operation and laying off around 100 staff, as the credit crunch continues to make life difficult for car companies big and small. It’s now on its fourth CEO in 12 months, as founder Elon Musk takes over from Ze’ev Drori. In an announcement on the chief exec’s blog, Tesla Motors said it would be ‘cash-flow positive’ within six to nine months – but only by increasing production and cutting operating costs.

Ferrari plans 458 Scuderia, new 599 and Enzo

Ferrari is planning a range of new cars to rejuvenate its sports car family - including a new 458 Scuderia, a replacement 599 GTB and a hypercar to replace the Enzo. A report by respected automotive industry journal Automotive News today published a detailed timeline of the new car launches planned by Maranello: 458 Spider Launched at the 2011 Frankfurt motor show, retractable hard top. European sales in autumn 2011 458 Scuderia Coming in 2013, following recipe of 430 Scuderia.

Video: Gordon Wagener on the Mercedes Concept Style Coupe

Mercedes-Benz has released a short video in which Head of Design Gordon Wagener presents the new Concept Style Coupe. The Concept Style Coupe, officially introduced at the recent Beijing auto show, was first seen at the Avant/Garde festival prior to Beijing in an unusual move for the brand. "In this case we thought the car was so progressive and avant-gardistic that we decided to put it here into this art show," says Wagener.