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Honda tears up its old product plan

Honda Motor Co. is reviewing its entire lineup with the aim of building less expensive and more fuel-efficient vehicles, Honda CEO Takanobu Ito says. In the case of some next-generation products--including the crucial Civic platform used on a variety of vehicles worldwide--that means making major changes to vehicles already well along in the development process.

Call to cut school run car journeys

A 10% CUT in school run car journeys would boost Britain's economy by around £46 million a year, a sustainable transport charity has claimed. Sustrans, which is calling on the Government to formally recognise the right of every child to be able to walk or cycle to school safely, estimates that ferrying children to school by car accounts for 24% of peak time traffic. Using Department for Transport modelling to calculate the financial drain on business caused by rush-hour congestion, Sustrans estimated that a 14% reduction in car use for school runs would take 167,000 vehicles off the road with an annual "saving" of £66.2 million.

BMW i8 fetching 50% premiums in UK market

The BMW i8 (pictured) is commanding a 50% premium The simple rules of a capitalist market is that supply and demand dictate price. Which is why BMW’s i8 hybrid supercar is fetching premiums of up to 50 per cent. With the entire i8 supply sold out for the next year, those with deep enough pockets – and a compelling desire for an i8 – are turning to i8 owners who have already taken delivery and making them offer they can’t refuse.