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London hogging too much transport investment

THE UNDERFUNDING of transport projects outside London in recent years "cannot be allowed to continue", says a report from MPs. Ministers must use the new funding arrangements for local projects to "ensure that there is a fairer allocation of funding", said the report from the House of Commons Transport Committee. "No area across our nation should be second class in relation to the allocation of transport infrastructure funds," the MPs said.

Mazda 2 small car to arrive in U.S. in 2010

Mazda will bring the Mazda 2 small car to the U.S. market starting late next year, the Japanese automaker said on Thursday. The Mazda 2--named Demio in Japan--also will be sold in Canada.

New products to drive Porsche's sales goals

Porsche may add an entry-level sports car as part of a plan to double global sales to 200,000 units by 2018. The new four-cylinder sports car would be in addition to a small SUV and a plug-in hybrid supercar recently approved for production. Matthias Mueller, the former Volkswagen executive who took over as Porsche CEO in October, says a new product strategy will be completed by the end of March.