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Leonardo DiCaprio launches Formula E racing team

Formula E Star of the silver screen Leonardo DiCaprio has launched his own racing team. Called Venturi Automobiles, the new motorsport outfit will campaign a single-seater racing car in the first season of the Formula E all-electric championship next year. On Bing: see pictures of Leonardo DiCaprioOn Bing: see pictures of Formula EWhat is Formula E?

Volvo S60 Polestar Gothenburg debut

The Volvo S60 Polestar – a BMW M3 basher – is due to debut in Gothenburg on 16th June 2012 and could get as much as 500bhp. Yes, Volvo are busy downsizing their engines and trying to up the quality perception of their cars at the same time, in an aim to join the proper premium club inhabited by the likes of BMW, Mercedes, Audi and Jaguar. But that doesn’t mean Volvo should forsake performance in their cars, because even if performance models are not the bread and butter for premium car makers they are the golden halo that casts a premium gloss on lesser models.

General Motors and Ford load up on small cars for bigger profits

Ford has no qualms about charging nearly $23,000 for a fully loaded 2011 Fiesta, which is smaller than the Focus. The Fiesta sedan, which goes on sale this summer, starts at $13,995, including shipping. The Fiesta, with a 1.6-liter four-cylinder engine and a six-speed transmission, gets 40 mpg on the highway.