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Wheego Electric Cars, which launched its two-seat vehicle, The Whip, earlier this year, is raising a $2.5 million financing, according to a regulatory filing. he company spun-out from Ruff & Tuff Electric Vehicles in 2009, raised $1.2 million debt in August from existing investors. Investors can later ask for repayment of the loan or convert it to stock, says McQuarry.

It disclosed the plans for the $2.5 million raise in a filing with the U.S. Securities and Exchange Commission.
The first version of the Whip has a maximum speed of 35mph and retails for about $19,000. It takes about eight hours to charge via a conventional outlet. A dual charger that uses an outlet similar to one used for a home clothes dryer, would do the job in about 40 percent less time.

The face-lifted 2010 Porsche 911 Turbo will debut at the 2009 Frankfurt Auto Show in September, the German automaker confirmed on Friday. Porsche, uncharacteristically, is putting the emphasis on the 911 Turbo's fuel economy, saying in a statement that it "continues to create more from less."
The EPA says the 2009 Porsche 911 Turbo with a five-speed automatic transmission returns 15 miles per gallon in city driving and 23 mpg on the highway. In Europe, the 2010 Porsche 911 Turbo averages 21 mpg under the EU5 standard.