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EU cuts Co2 Targets to help Euro car makers

In an astonishing outbreak of common sense, EU negotiators last night agreed a deal to ease the draconian Co2 targets for EU car manufacturers. Originally, EU car makers had to meet the new regulations by 2012, but have now won a concession to hit 65% of target by 2012, 75% by 2013, 80% by 2014 and 100% by 2015. This scaling back of the targets was achieved after Germany objected to the original proposals.

1957 Ferrari Testa Rossa could break auction record at Pebble Beach

Auction house Gooding & Co. will offer up two legendary sports-racing cars--a 1957 Ferrari 250 Testa Rossa Prototype and a 1963 Shelby Cobra 289 Factory Team Car, one of which might set a record price for a car sold at auction--at Gooding's sale Aug. 20-21 during the Pebble Beach Concours d'Elegance.

Porsche Cayenne S E-Hybrid: The plug-in Cayenne debuts in Paris

The Porsche Cayenne S E-Hybrid arrives in Paris There will come a point when governments realise that car makers are getting too clever at gaming CO2 levels with impressive and sophisticated hybrids. But until then, there’s a growing number of cars that, on the face of it, offer a ‘cake and eat it’ option for buyers. Like the new Porsche Cayenne S E-Hybrid.