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Designer Tom Matano part of start-up car company in Louisiana

A new auto company backed by Texas billionaire investor T. Boone Pickens and staffed by former Mazda design chief Tom Matano plans to build "environmentally friendly" vehicles in Louisiana. V-Vehicle Co., of San Diego, will bring about 1,400 workers to a Monroe plant that once belonged to General Motors, according to a statement Wednesday from the Louisiana Economic Development Web site.

UK new car sales hit a ten-year high

UK new car sales continue to scale new heights, with more new cars sold in March 2014 than in any month in the past decade. Sales figures released by the Society of Motor Manufacturers and Traders (SMMT) reveal that 464,824 new cars were registered last month – a 17.7% rise over March 2014. It continues the trend of rocketing sales, with year-to-date registrations up 13.7%.

2013 Ford Mondeo: Price cuts & new models

That means a simplified lineup for the new Mondeo and the introduction of a cheaper entry-level model – the Mondeo Graphite – and a new model at the top end – the Titanium X Business Edition – with more equipment and a lower price. The Mondeo Graphite comes with 17″ alloys, sports suspension, Bluetooth, AirCon and part leather and starts at £15,995 – more than £2k cheaper than the former entry-level Mondeo Edge. At the other end of the scale, Ford are introducing the Titanium X Business Edition which replaces both the Titanium and Titanium X, gets more equipment than the Titanium X and yet costs £1500 less.