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Caterham announces cut-price Seven 160 sports car

BRITISH sports car maker Caterham has announced a new low- priced version of its long-running Seven model. Dubbed the Seven 160, the new model starts at a measly £14,995 in component form or £17,995 fully built. Under the bonnet there is a turbocharged 660cc Suzuki engine and although this only offers up a modest 80bhp, that's still enough to power the lightweight Seven from 0-60mph in 6.5 seconds.

In memoir, Bush defends auto bailout to safeguard American jobs

Former President George W. Bush is defending his $17.4 billion bailout of the U.S. auto industry in his memoir, Decision Points.

Porsche 918 Spyder laps Nurburgring in under 7 minutes

The Porsche 918 Spyder (pictured) laps the Nurburgring in under 7 minutes When the McLaren P1 was first revealed, Ron Dennis told us it would lap the Nurburgring in under 7 minutes. But it seems the best the McLaren P1 has managed so far is a 7:04, so it’s no surprise McLaren hasn’t officially declared its time as they probably knew it wasn’t enough, but also knew that Porsche has managed to take the new 918 Spyder round the ‘Ring in just 6:57s. That 6:57 by the Porsche 918 Spyder isn’t quite as quick as the Radical, but as the Radical has only single type approval, Porsche are justifiably claiming the 918 Spyder’s time as the quickest by a proper production car, beating the previous record of 7:11s set by the Gumpert Apollo.