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U.S. says 90 percent of clunker claims have been approved

The U.S. Transportation Department says it has paid or approved $2.6 billion in cash-for-clunkers transactions, or 90 percent of the $2.9 billion submitted, as accelerated payments to dealers continue. A total of 534,598 claims for $2.3 billion were paid as of Sept.

Munich University of Applied Sciences degree show 2009

The University of Applied Sciences in Munich, Germany, held their annual degree show earlier this summer, hosting an array of projects from various design disciplines, including industrial, photo and communication design as well as transportation design projects. The nine graduating students from the Transportation Design department, headed by Professor Dr. Othmar Wickenheiser, presented projects of sponsored by Audi, BMW, Ford, Lamborghini, Mercedes-Benz and Volkswagen, while continuing students showed proposals for concepts sponsored by Mercedes-Benz trucks (entitled 'Dirty Business'), Lamborghini (themed 'Raw Material') and Semcon.

Koenigsegg planning an entry-level car – but it’ll still cost £500k

Koenigsegg are planning an entry-level car at half the price of the Agera R (pictured) Think of the cars that Christian von Koenigsegg has made since he started with the CC8S in 2002 and you think of them as extremes of the supercar genre; the Swedish engineering take on the bloated and massively complex Bugatti Veyron. Christian’s men in a shed in Sweden have gone on to make a series of progressively quicker and more impressive supercars, through the CCR, CCX and the Agera and on to the current most extreme iteration – the Koenigsegg One:1. But it looks like Christian has decided that his ambition to create the world’s greatest hypercar leaves room for a ‘Lesser’ Koenigsegg, a car that still has innovative engineering and extreme performance but comes at a lower price.