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Formula 1 2012: The Cars [w/video]

Nine of the 12 Formula 1 teams have released images and details of their cars for the 2012 World Championship as the first day of pre-season testing draws to a close at the Jerez circuit in Spain. Motor sport may fall slightly outside of Car Design News' usual remit, but the big story this year is the new 'stepped nose', which all teams bar McLaren have introduced to comply with new safety regulations, much to the chagrin of aestheticists. And with designers such as Daniel Simon (he produced the livery for HRT last season) and Peter Stevens (most notable for the Brabham cars of the 1980s) involved with the sport over the years, it's always interesting to check out the season's new machines.

General Motors board delays decision on favored Opel bidder

General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday. The board has been updated on the Opel sale process but because talks are continuing with Magna International and Belgian investment company RHJ International, no recommendation has been made, GM said in a brief statement. GM's new board of directors was expected to choose one of the two bidders at a meeting on Monday evening.

Used cars 'getting cheaper'

CONSUMERS holding on to their motor for longer are driving down the cost of used cars, according to new research. The average price for a second-hand car in July-September 2011 was £8,870 - a 2.4% decline compared with the same period a year ago, according to the Auto Trader company. It is the first time the price has dipped below £9,000 since the company started tracking the market in January 2010.