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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.

Tesla recalls Roadster for short in power cable, fire risk

Tesla Motors is recalling its electric Roadster 2.0 and 2.5 models because a power cable may short and catch fire. The 12-volt cable, located behind the right-front headlight, could rub against the carbon-fiber paneling causing the cable to short, begin smoking and possibly catch fire, Tesla said. The cable is part of a backup system that powers the headlights, taillights, turn signals and airbags if the primary 12-volt cable fails.

Supermarkets cut petrol prices

MOTORISTS have received some late-autumn cheer in the form of supermarket cuts to the price of petrol. Asda, Morrisons, Sainsbury's and Tesco all announced that reductions would take effect from today. Asda said that no one filling up at its forecourts would pay more than 126.7p a litre for petrol from today , with diesel priced at 133.7p.