F1 Budget Cap row over

MAx Mosley announces the budget cap row is over between the FIA and FOTA - and he's resigning. After a meeting today in Paris, the FIA has announced that it has reached agreement with FOTA to scrap the budget cap it was insisting on implementing from 2010. Quelle surprise!

Mitsubishi bringing i MiEV Sport Air concept to Geneva

Mitsubishi will show another iteration of its sporty micro-size electric car with the debut of the i MiEV Sport Air concept at the Geneva motor show in March. Building on the i MiEV Sport, which we first saw at the Tokyo motor show in 2007, Mitsubishi adds a clear removable roof and slight alterations to the front fascia. A lithium-ion battery powers three magnetic synchronous motors--one in each front wheel and one to drive both rear wheels--with an all-wheel control system managing stability and traction control, and ABS for optimal stability and performance.

Ford Fiesta ST500 (2008): first official pictures

By Dimitri Pesin First Official Pictures 10 June 2008 16:36 As we prepare to wave goodbye to the current Fiesta, Ford has released a special edition ST to keep interest in its hot-hatch alive. A hard job indeed, with the stunning looks of the Verve concept being carried through to the next-gen car. It hasn't stopped Ford trying hard though and, following in the footsteps of the Focus ST500 that was released in 2008, all Fiesta ST 500 models come in metallic black with a U-shaped stripe on the front. According to Ford, the new scheme is designed to echo the livery of the classic Escort RS2000 of the ‘70s.