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Fisker, Energy Department face tough Congressional hearing on federal loans

Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.

Hydrogen Car Highway for London

London to develop a Hydrogen Highway The plan is fairly small scale, but it’s a start. As part of the scheme Boris is assembling a small fleet of 150 cars, 20 black cabs and 5 buses all running on Hydrogen. In typical Boris style he said he wants Britain to become a ‘World leader in Fuel Cell Technology’ with the aim of having one in three cars in the UK running on hydrogen fuel cells in twenty years.

Ferrari 458 Speciale: Frankfurt 2013

The Ferrari 458 Speciale (pictured) unveiled at Frankfurt Ferrari probably won the crown at the Geneva Motor Show in March with LaFerrari as ‘Star Car’, so whatever they brought to Frankfurt would be a bit of a let down. But at least they brought something new. The ‘something new’ is the hardcore version of Ferrari’s mid-engined supercar, the 458, and Ferrari obviously used the same naming committee for this car as they did for LaFerrari – it’s the Ferrari 458 Speciale.