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First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby. On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price.

Mitsubishi will offer plug-in hybrid in 2013

Mitsubishi will launch a plug-in hybrid SUV in 2013, the head of the company's electric vehicle business unit said. The SUV will be similar to the Px-MiEV concept car shown at the 2009 Tokyo auto show, said Yoshikazu Nakamura, senior executive officer of Mitsubishi Motors Corp.'s global electric vehicle business. The plug-in hybrid is in its final stages of development, he said.

Rain, wind and snow to batter UK

FLOOD VICTIMS are bracing themselves for yet more misery as heavy rain, wind and snow is set to batter Britain. Forecasters warn that the appalling conditions which have ravaged communities show no signs of abating, with heavy rain expected today and Saturday. A "multi-pronged attack" of wind, rain and snow is expected to strike tomorrow, with heavy rain leading to more potential flooding as downpours of up to 40mm (1.6 inches) could fall in just six hours, with gusts of up to 70mph, a Met Office spokesman said.