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Mitsubishi Evo X prices announced

By First Official Pictures 18 December 2007 18:07 Mitsubishi has just announced prices for the tenth evolution of its Lancer, and it will cost considerably more than its rival from Subaru. The cheapest Evo X will be £27,499, £2504 more than the Subaru Impreza WRX STi. But if you’re not in the market for the all-out, all-paw Lancer then fear not, because the base 1.5-litre front-wheel drive model will cost only £12,499, just £4 more than the equivalent Scooby.

Audi R8 V10 sells for $500,000 at charity auction

Which would you pay more for--a V10-powered Audi R8 or the new Ferrari California? At the third annual Boca Raton Concours d'Elegance in Florida last weekend, the Audi R8--the first one in the United States equipped with the 5.2-liter V10--was the winner in a charity auction, selling for $500,000, well above the car's sticker price of $180,000. Meanwhile, the Ferrari California was snapped up for $350,000, a bit more than the $225,000 sticker price.

Formula E HQ set for Donington

THE NEW global all-electric racing car series Formula E is to have its headquarters at England’s Donington Park circuit. Construction of the multi-million pound facility has started, with a view to making the facility the home of testing and development for the series’ battery-powered cars. There will be ‘state-of-the-art’ facilities for all 10 Formula E teams as well as workshops, offices and stores.