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Audi denies high price hits sales of new A1

Audi denied suggestions that its new A1 entry-premium car is losing sales because it is priced too high. Audi dealers and industry observers believe the A1 is failing to attract an expected rush of customers because it costs too much for its target group of young people, according to Automobilwoche. The A1's starting price is 15,800 euros ($20,873) in Germany.

Win one of five books on the 1970 World Cup Rally

The new June 2010 issue of CAR Magazine kicks off our Supercar World Cup. To coincide with this summer's football tournament, we've launched a tournament of our own – a festival of fast, featuring 2010's most exciting supercars, with everything from the Ferrari 599 GTO to the Aston Martin One-77, with twin tests of the Veyron and SV, and LFA and SLS in between. But we’re also celebrating one very special anniversary.

Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.