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Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Ferrari launches 12-year Power Warranty

Have you managed to save enough pennies for a new Ferrari 458 Italia, only to find yourself reluctant to take the plunge? Perhaps you’re fearing the ongoing cost of running such a thoroughbred supercar, you know, should things go wrong. But worry no more, because Ferrari has launched a new ‘Power Warranty’.

Quarter of UK cars' brakes 'could fail without warning'

MORE THAN a third of all cars in Europe have brakes that could fail without warning, according to a new report. Research carried out for Cosan Lubricants’ Mobil Car Care range, at independent service garages across the UK found that 26.5% of UK motorists had defective brake fluid, with nearly one in 10 unintentionally risking their lives every time they drove. The research tested the quality of brake fluid – the liquid that allows the modern braking system to work.