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Caterham announces cut-price Seven 160 sports car

BRITISH sports car maker Caterham has announced a new low- priced version of its long-running Seven model. Dubbed the Seven 160, the new model starts at a measly £14,995 in component form or £17,995 fully built. Under the bonnet there is a turbocharged 660cc Suzuki engine and although this only offers up a modest 80bhp, that's still enough to power the lightweight Seven from 0-60mph in 6.5 seconds.

SAIC wins LA Auto Show Design Challenge

China's SAIC, the parent company of Roewe and MG brands (yes, Morris Garages and what used to be Rover), took the top spot in the LA Auto Show Design challenge with its Mobiliant Concept, beating other contestants like BMW DesignworksUSA, Subaru, Mazda, Changfeng, Quoros, and others. The theme for this year's challenge at the LA Auto Show was "Biomimicry & Mobility 2025: Nature's Answer to Human Challenges." Entrants were directed to propose design concepts that integrated the concept of biomimicry into transportation concepts. Quite a challenge and quite an open theme, especially when you consider that last year's theme was pretty straightforward: "Highway Patrol Vehicles in the Year 2025." In 2012 the Subaru SHARC concept took the top prize.

$5 billion competition on to replace Humvee

Competition is heating up to win a contract for a vehicle that will replace nearly 18,500 aging military Humvees for the U.S. Army and Marine Corps starting in 2015. Six proposals are in play, with little time left before federal contracting officials decide on development of the $5 billion-plus program.