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First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby. On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price.

More than four million UK drivers aged 70 or over

The number of older people with driving licences has exceeded the four million mark for the first time, reveals a report by the RAC Foundation. Data shows that there are a record 4,018,900 men and women aged 70 or over who hold a valid full British licence, with the motoring research charity predicting that number is set to rise even further. IAM: more old drivers than ever not bad news It isn’t older drivers we should fear – it’s the young This prediction is backed by the government, which has said that of the UK citizens alive today, around 10 million will reach their 100th birthday.

SAE approves new fast-charging standard for EVs, plug-ins

SAE International said it has approved a new technical standard that will dramatically reduce charging times for plug-in hybrid electric vehicles and electric vehicles. The global engineering group said the new charging standard, developed with the cooperation of more than 190 automakers, utilities and equipment builders, will allow charging times to be reduced from as long as eight hours to as short as 20 minutes. Automakers want DC direct charging to take less than 10 minutes, or roughly the time it takes to fill a tank with gasoline.The goal is to accommodate currents as high as 500 volts distributed from public charging stations.