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Ferrari 458 Challenge (2010) more official pictures

This is the new Ferrari 458 Challenge, the latest in a line of racers to emerge from Maranello. It was unveiled at today's Bologna motor show. It's not the first time we've seen the race-spec 458, but they've issued more photos of it.

Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.

Five-Door Mini Hatch Is Go

BMW HAS announced that production of the long awaited five-door Mini Hatch has started, signaling the next phase in the car maker’s £750 million investment programme across its UK production facilities from 2011 to 2015. The car comes hot on the heels of the new Mini Hatch, which was launched in November. The new five-door version will go on sale in the autumn.