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Ultra-rare Steyr Puch 500 goes to auction

£18,000 might seem like a lot of money for a car based on the original Fiat 500, but this particular Steyr Puch example is one of just 33 ever built. Austrian firm Steyr Puch entered into an agreement with Fiat in 1954 after production was halted during World War II, and began production of the 500 under licence. Only 33 right-hand drive examples were ever produced, and of those only two survive; this example and one in the Steyr Puch museum in Austria.

Porsche 911 Carrera S Powerkit offers 424 bhp

Porsche is offering a Powerkit for the Carrera S with 424bhp and an Aerokit Cup bodykit for the faux GT3 look. The 2012 Porsche 911 Carrera has only been with us for five minutes but already Porsche are offering more power and some add-on aero bits for a bit of a faux GT3 experience for new 911 owners. On the power front, Porsche Exclusive is offering a Powerkit for the 911 Carrera S which ups its power to 430hp (424bhp) from the regular 400hp.

News watch May 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 1 June 2012• Peugeot-Citoren has been hit hardest by a 17% drop in overall domestic sales during May. PSA saw a 28% fall in sales, with Renault suffering a 14% decline, and Fiat 21%.