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Porsche 918 Spyder hybrid supercar to be built

Porsche's 918 Spyder plug-in hybrid has been given the green light for production. Porsche today confirmed it would build a limited number of cars based closely on the 918 Spyder - making it the spiritual successor to the Carrera GT, albeit with a green edge. Michael Macht, Porsche president and chairman, said: 'Production of the 918 Spyder in a limited series proves that we are taking the right approach with Porsche Intelligent Performance, featuring the combination of supreme performance and efficient drivetrain concepts.

Think, again: Norwegian electric-car maker looks for U.S. plant

Think, the Norwegian electric-car maker, says it plans to build an assembly plant and a technical center in the United States. After financing failed in the wake of the collapse of credit markets in late 2008, the company entered Norway's debt-settlement process (the equivalent of Chapter 11 bankruptcy), and production of its recently redesigned Think city car was halted. It continues operating under a $6 million interim funding measure while it pursues additional financing.

UK car production hits six-year high

The British car industry continued to boom in 2013, with production topping the 1.5 million unit barrier thanks to a resurgent Toyota, Jaguar and Land Rover. It means that last year, a car was built in the UK every 20 seconds! 20 reasons why the British car industry is booming UK car sales reach six-year high 1,509,762 cars produced was a 3.1% rise on 2013 – and, in further good news for Britain, it was revealed that 79.6% of them, or 1,201,395 cars, were exported to overseas markets.