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Councils make £594m from parking

RECORD SURPLUSES from parking revenues have been achieved by councils, according to the RAC Foundation. In 2012/13 councils in England generated a combined "profit" of £594 million from their on and off-street parking operations, the foundation said. This was a 5% increase on the figure of £565 million for 2011/12, and just 52 of the 353 parking authorities in England reported a deficit in 2012/13.

Audi will build electric sports car

It's official: Audi's e-tron is a go. Audi of America President Johan de Nysschen says an electric vehicle based on the high-performance e-tron concept will debut in the United States in two to three years. The sleek two-seat sports car was unveiled at the Frankfurt auto show last month, but at the time Audi would not confirm plans to produce it.

Ian Callum’s Jaguar Mark 2 goes in to limited production – costs from £350,000

Ian Callum’s Jaguar Mark 2 goes in to limited production Jaguar designer Ian Callum has worked with Classic Motor Cars Limited (CMC) for more than a year to produce his perfect Jaguar Mark 2, and it’s been so well-received it’s going in to limited production. Still looking like a Jaguar MK II – but with a few modern twists – Ian’s car gets integrated bumpers for a smoother look, louvres on the front wings, a set of split-rim wire wheels, an upgraded 4.3 litre XK engine, five-speed manual ‘box, upgraded suspension and brakes and a new interior. To our eyes, the whole car looks incredibly homogeneous and not at all like the ruination of a classic, and that seems to be the feeling of Jaguar lovers round the world.