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Mitsubishi Lancer Evolution X FQ-440 MR special edition revealed. Costs £50,000

The Mitsubishi Lancer Evolution X FQ-440 MR special edition will cost £50k The Mitsubishi Lance Evo X bit the dust in the UK in 2011 after the Yen’s strength made it impossible for Mitsubishi UK to import the Evo X and sell it at a price buyers could swallow. But the weakening Yen – and Mitsubishi’s 40th anniversary – sees Mitsubishi UK backtracking and delivering a limited run of special edition Evos for the UK – the Lancer Evolution X FQ-440 MR. The Evolution X FQ-440 MR comes with 440bhp, a Janspeed exhaust, Mitsubishi’s SST gearbox, Janspeed intake and cooler piping kit, Motorsport spec high-flow injectors, Alcon brakes, lowered suspension and S-AWC 4WD, with exterior titivations including 18″ BBS alloys, Bi-xenon headlights, front fogs and silicone wiper blades.

General Motors to kill Daewoo name in South Korea, switch to Chevrolet

General Motors Co., trying to position Chevrolet as a key global brand, is killing the long-used GM Daewoo name in South Korea and putting the Chevy bowtie on its cars there. The name GM Daewoo Auto & Technology Co., in use since GM took over the struggling South Korean automaker in 2002, will be phased out by the end of March. The new name will be GM Korea Co., the company said in a statement.

Factory Five 818 kits are now available

Factory Five made its bones selling simple Shelby Cobra replicas designed to take advantage of plentiful Ford Fox-body Mustang components. But the Fox Mustang, often hailed as the '55 Chevy of its day, hasn't been in production since 1993. To stay in the game, Factory Five needed a more modern, relatively obtainable performance car to build a kit around.