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Audi R5, Porsche 550, VW Bluesport 'on hold'

Numerous indications are pointing to the exciting mid-engined VW, Porsche and Audi sports cars being on ice. The group had been collaborating to develop the VW Bluesport, Porsche 550 and Audi R5 - some observers had hailed the new roadsters as the Elise from Germany. Porsche doubts over the 550 But at the weekend Porsche CEO Matthias Muller told German business rag Wirtschaftswoche that he was worried a cheaper Porsche may dilute the brand's image.

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.

Northumbria University degree show 2009

Newcastle and cars: for many, that phrase brings to mind the 1971 British cult gangster movie ‘Get Carter', starring Michael Caine. The city isn't obviously associated with cars and the Trinity Centre car park famously used in the movie is about to be demolished as part of major regeneration work that the city has seen over the last 15 years. Northumbria University's magnificent new School of Design, which opened just two years ago, is a typical example of the exciting architecture now emerging in this city and CDN decided to pay a visit to catch up with this fast-developing UK design school.