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Tesla says it will use the loans to support two specific projects, including the U.S.-based production, engineering and assembly of the Model S, an all-electric family sedan. The Model S assembly plant will employ about 1,000 workers in Southern California. "We're already engineering the Model S, a seven-seater family sedan that will have a base price of $49,900 after a federal tax credit that will [over the longer term] cost the equivalent of a car that retails for $35,000, given the relatively expensive cost of gasoline vs. electricity," says Diarmuid O'Connell, Tesla...

Author: /time Magazine | Title: The U.S. Bets a Billion on New High-Tech Automakers | 10/7/2009 | See Source »

This summer, as the Obama Administration prepared to confront Iran with proof of its undisclosed uranium-enrichment plant in Qum, CIA Director Leon Panetta ordered his staff to work with European intelligence agencies to compile a comprehensive presentation about the facility. Although the Iranians had taken great pains to keep the facility a secret, building it into a mountain 100 miles southwest from Tehran, the CIA had known about it for three years...

Author: /time Magazine | Title: CIA Knew About Iran's Secret Nuclear Plant Long Before Disclosure | 10/7/2009 | See Source »

...part of that effort, the CIA worked with British and French intelligence, which had also been on the lookout for the secret plant. They knew there had to be one; once Iran's primary enrichment plan in Natanz was revealed, in 2002, it was assumed that the Iranians would build a second one somewhere...

Author: /time Magazine | Title: CIA Knew About Iran's Secret Nuclear Plant Long Before Disclosure | 10/7/2009 | See Source »

...Retooling is not impossible. Germany's Volkswagen is converting part of a car-engine plant to produce "green" electrical generators. And if you buy into the great Asian growth story, then there is a chance that spending by wealthier consumers in countries like China and India can offset at least some of the decreased demand in the West. HSBC economist Frederic Neumann said in a September report that some Asian manufacturers have gained back the power to raise prices, implying that the impact of excess capacity in the region might not be as severe as some fear. "What...

Author: /time Magazine | Title: A Threat to Global Recovery: Too Many Factories | 10/6/2009 | See Source »

...that country is to ask questions about its bomb. Western diplomats and intelligence operatives have only marginally better access. The IAEA knowledge of Iran's nuclear programs is limited to what Iran wants to let it know - although it keeps a close eye on Iran's main enrichment plant at Natanz, it had no idea until a week ago that a second plant was under construction. And that may not be the only secret facility. (See the top 10 Mahmoud Ahmadinejad-isms...

Author: /time Magazine | Title: Iran's Nuclear Program: Why We Know So Little | 10/6/2009 | See Source »

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