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Volvo V60 Plug-in Hybrid (2013) will cost £50k

Volvo V60 Plug-in Hybrid will cost £50k The Volvo V60 Plug-in Hybrid will start production in 2012 with 1,000 cars, each likely to cost around £50,000. We really like the Volvo V60, and despite our general antipathy towards hybrid platforms – particularly in smaller cars – we also really like the idea of the Volvo V60 Plug-in Hybrid. With its 4WD – thanks to something Volvo call ERAD (Electric Rear Axle Drive) – and 2.4 litre diesel working with an electric motor producing 70 horses, the V60 plug-in can offer the best of both worlds – economy and performance – albeit at a price.

Detroit Electric unveils the SP:01

Detroit Electric unveiled its SP:01 electric sports car April 3 in Detroit. The Lotus-based roadster claims 201 hp from its mid-mounted electric motor and a range of up to 180 miles from its lithium-polymer battery pack. The company is headquartered in Detroit’s Fisher Building; it’s led by former Lotus Engineering and Lotus Group execs Albert Lam, Don Graundstadt and Benjamin Boycott.

Honda shift cut threat to 340 jobs

JAPANESE car giant Honda is to cut production at its UK factory from three shifts to two, threatening 340 jobs. Most cars built at the plant in Swindon, Wiltshire, are exported and sales in other countries have not been as strong as in the UK. "Over the last 12 months, we haven't seen the growth we'd anticipated.