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Hyundai offers gas incentive plan

Last summer, when gas prices were pushing above $4 a gallon, Chrysler tried to cash in and move some metal by offering a guaranteed gas price of $2.99 for three years. But that plan crashed when the price of gas plummeted. Now, Hyundai is ready to give that marketing spiff another spin.

Team Lotus buys Caterham Cars

Caterham Cars has been sold to Team Lotus Enterprise, the holding company for the Team Lotus Formula One team.  So Lotus has bought back the Caterham Seven? No. Team Lotus, the UK-based F1 team owned by Malaysian businessmen Tony Fernandes, Kamarudin Meranun and SM Nasarudin has done the deal. You're thinking of Group Lotus, the makers of Lotus sports cars led by Dany Bahar – Group Lotus sponsors of Lotus Renault GP, the UK-based F1 team that was formerly Renault.

Mitsubishi returns to Pikes Peak with all-new MiEV Evolution III

Mitsubishi is back again with an all-new version of its electric hill-climbing machine, the MiEV Evolution III. A pair of the fully electric race cars will compete in the 92nd running of the Pikes Peak International Hill Climb on June 29, held just outside of Colorado Springs, Colo. Replacing the MiEV Evolution II that came in second in the EV division in last year's, “Race to the Clouds,” the MiEV Evolution III comes with a full force of upgrades that look to bump it to first place.