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Recall is last linked to fire hazard, Ford says

Ford Motor Co.'s new recall of vehicles that pose potential fire hazards will be its last because the latest action covers all remaining cars and trucks with cruise-control switches made by Texas Instruments, even if those switches don't pose safety risks, a Ford spokesman said today. "We did this to reassure customers and make sure there will be no future actions connected to this," spokesman Wes Sherwood said in an interview. "We've gone to extra lengths to include both vehicles with risks and those that don't show risk." Yesterday, Ford announced a recall of 4.5 million vehicles--its eighth in the past decade involving cars and trucks with faulty cruise-control deactivation switches.

BMW M3 coupe gets stripped down to go club racing

BMW's M division is back in the business of building specialty street-legal race cars with a new lightweight version of the M3 called the GTS. The lightweight coupe, set to go on sale in early 2010 at a yet-undisclosed price, was conceived as a limited-edition model primarily for club-based racing in much the same way that Porsche builds the 911 GT3 Clubsport. But in a clear effort to link its track-based activities with the production-car side of its business, BMW's M division is offering the new car with a homologation package that will allow customers to register the M3 GTS for street use.

Koenigsegg planning an entry-level car – but it’ll still cost £500k

Koenigsegg are planning an entry-level car at half the price of the Agera R (pictured) Think of the cars that Christian von Koenigsegg has made since he started with the CC8S in 2002 and you think of them as extremes of the supercar genre; the Swedish engineering take on the bloated and massively complex Bugatti Veyron. Christian’s men in a shed in Sweden have gone on to make a series of progressively quicker and more impressive supercars, through the CCR, CCX and the Agera and on to the current most extreme iteration – the Koenigsegg One:1. But it looks like Christian has decided that his ambition to create the world’s greatest hypercar leaves room for a ‘Lesser’ Koenigsegg, a car that still has innovative engineering and extreme performance but comes at a lower price.