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918 Alert! Porsche's stinging spyder grows closer to becoming reality

The first fully road-going prototype of Porsche's upcoming 202-mph hybrid-powered 918 Spyder has been seen during shakedown runs at the company's R&D center in Germany. Porsche released its own lightly disguised photographs of the cars being tested. The mules are “camouflaged” in livery meant to summon the famous 917 racer.

Ferrari Power Extended Warranty can run for 12 years

Your Ferrari can now be warrantied for up to 12 years It used to be that once your twelve months warranty on a car was done and dusted you were on your own. But things have changed massively in recent years. From Kia’s 7 year warranty to Vauxhall’s ‘Lifetime’ warranty, owning a car for an extended period is now much easier thanks to new warranties offering fixed-cost liabilities – no more nasty surprises.

News watch March 2011: 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 Thursday 31 March 2011• US President Barack Obama has strated all US government cars and trucks purchased from 2015 must be alternative-fuel vehicles (Automotive News)• Nissan CEO Carlos Ghosn has denied a report in Japan's Nikkei newspaper that he is leaning towards a formal merger of Nissan and Renault (Reuters)• Fiat CEO Sergio Marchionne says that Chrysler's share IPO may now take place in 2012, depending on financial progress this year (Bloomberg)Wednesday 30 March 2011• Tesla CEO Elon Musk has called a report that the EV carmaker is a takeover target 'bad analysis' and remains confident the firm will stay independent (Bloomberg)• The BBC denies that it rigged a December 2008 Top Gear TV test of the Tesla Roadster, in response to being sued by the EV carmaker (BBC News)• First Group, the UK's largest public transport operator, has announced a £160m investment in new buses, ordering 955 new buses from UK manufacturers Wrightbus and Dennis over the next two years (BBC News)• Japanese production woes look set to continue into April. Toyota expects the majority of Toyota and Lexus production on 14 April (Automotive News)• Saab production has re-started again, following a half yesterday afternoon.