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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.

Chevy and GMC pickup trucks pile up on dealer lots

General Motors entered December with bloated inventories reminiscent of its prebankruptcy days-and its lowest market share in 90 years. GM will try to fix both problems in a hurry. Dealers say the company has begun rolling out bigger discounts on many models, including the redesigned Chevrolet Malibu sedan and GM's full-sized pickups.

Audi RS3 Frankfurt debut – outed on Twitter

The Audi RS3 cuaght testing at the Nurburgring earlier this year. Audi Cape Town managed to post a Tweet last night which said “Looking forward to the unveiling of the new Audi RS3. 2.5L five-cylinder turbocharged engine, 4WD & 335Bhp.