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Nissan announces its 'Power 88' five-year plan

Nissan CEO Carlos Ghosn has announced the firm's 2011-2016 business plan. The Nissan Power 88 plan aims to increase Nissan's global market share and sets strong profitability targets for Japan's No.2 carmaker. Power 88?

Best new car sales in six years

RECORD new car sales achieved a six-year high in 2013, the motor industry has announced. A total of 2,264,737 new cars were registered in 2013 - a 10.8% rise on the 2012 figure and the best annual total since the pre-recession year of 2007, the Society of Motor Manufacturers and Traders (SMMT) said. The 2013 total was boosted by a 23.76% rise, to nearly 153,000, in sales in December - the 22nd successive month of increases.

McLaren F1 GTR up for auction at the Quail

Six-hundred horsepower seems rather paltry figure these days. Sure, it was big stuff when Ferrari introduced the 599 more than a half-decade ago. But these days, Ford will sell you a lowly Mustang with 650 ponies and a factory warranty.