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Ford to make three-cylinder EcoBoost engine, eight-speed transmission

UPDATED: Ford is taking a look at the powertrain of its future, and in a nutshell, it's going to be small--at least under the hood. That's because the Blue Oval is preparing a 1.0-liter, three-cylinder EcoBoost engine, claimed to be the smallest engine the company has ever built. Ford says this baby EcoBoost will offer output comparable to a normally aspirated 1.6-liter, four-cylinder powerplant.

New cars can save drivers up to 25%

BUYING a new car instead of a secondhand one could save drivers as much as 25% on their motoring costs in the first year of ownership. These savings come from cheaper insurance, lower road tax costs, improved fuel economy and no MoT test. Comparing a brand new Volkswagen Golf with a five-year old model, the new car reduces the annual spend on motoring from £1689 to £1267, saving £422 in the first year of ownership.

Man arrested for stealing same Ferrari twice

AUTHORITIES have arrested a California man they say stole the same Ferrari - twice. Earnie Hooks, of Los Angeles, was arrested last week behind the wheel of the 250,000 dollar (£155,000) car, the Riverside Press-Enterprise said. Court records said he has pleaded not guilty to car theft and resisting police.