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Civic hybrid tests Honda's new strategy

Despite being the first to sell an electric-gasoline car in the United States and making hybrid technology a centerpiece of its fuel economy push, Honda Motor Co. has yet to have a hybrid hit. But the redesigned Civic Hybrid, launched April 20, is the first test of whether Honda's new strategy of tapping lithium ion batteries and, later, two-motor systems can break the streak.

Still saving for a McLaren F1? You’ll need to try harder as they’ve hit £6.2 million

This McLaren F1 sold for $10 million The price of the McLaren F1 keeps on rising, and just last year F1 chassis #66 was sold by Gooding and Co in the US for a then record-breaking £5.42 million. But that record seems to have been broken. Ferrari specialists DK Engineering in Hertfordshire have just spent six months tracking down an F1 for a British buyer, culminating in chassis #28 being sold for a reported £6.2 million ($10 million).

Exclusive: Derek Jenkins to become Design Director at Mazda

Derek Jenkins, former chief designer at the Volkswagen Group design studio in Santa Monica, will become the new Director of Design at Mazda's R&D Design Center in Irvine, CA. Jenkins, who resigned from Volkswagen on March 17th, will be filling the position previously held by Franz von Holzhausen, who left Mazda in August last year to become Design Director at Tesla Motors. "I'm excited to take on something new," Jenkins told CDN.