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Frankfurt 2011:Rimac Concept One – an Electric Supercar

Rimac One Concept - an electric hypercar at Frankfurt Our antipathy towards electric cars – and the seeming futility of pursuing a technology that has made little progress in a century – is well known. But we do see electric cars as a fun toy for the better-off, and 23 year-old Croatian Mate Rimac has impressed Frankfurt with his Rimac Concept One electric supercar, which is perhaps the ultimate electric toy for the better-off. Perhaps, in the case of the Rimac One, we should consider it a toy for the seriously well-off, rather than just the better-off, as it’s expected to cost a quite substantial £650k for each of the 88 cars Mate intends making.

GM posts quarterly net income of $1.96 billion

General Motors Co., in its final financial snapshot before next week's initial public offering of stock, posted third quarter net income of $1.96 billion on revenues of $34.06 billion. The results, released Wednesday, were in line with a forecast issued last week. GM now has earned $4.16 billion on revenues of $98.71 billion through three straight profitable quarters this year--a dramatic swing after five consecutive annual losses.

Car thieves shun 4x4s

By Nigel Wonnacott Motor Industry 01 July 2008 11:36 Greens hate their CO2 emissions, campaigners may question their safety record and owners might be feeling the pinch at the pump. But 4x4s can claim at least one advantage over smaller cars; they are among the least likely types of car to be stolen. According to the latest Home Office Car Theft Index, just four in every thousand 4x4s and people carriers in Britain were stolen in 2006, compared to seven for Fiesta and Astra-sized cars.