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Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.

Consumer Reports slams new Honda Civic

Honda Motor Co., still struggling with supply shortages of the redesigned 2012 Civic after the March earthquake in Japan, took a slap in the face today when Consumer Reports rated the new Civic "too low to be recommended." The 2012 Honda Civic dropped 17 points, from a very-good score of 78 to a mediocre 61, in the latest Consumer Reports road test of small cars. Previous Honda Civic models have often been Consumer Reports' highest rated small sedans, as well as Top Picks in five of the past 10 years. But the redesigned model was slammed for the cheapness of its interior, poor ride quality, long stopping distances and loud interior noise.

OFFICIAL: BMW M4 Concept

The BMW M4 Concept (pictured) has been revealed The BMW M4 heading towards Pebble Beach this weekend (and pictured above) is billed by BMW as the M4 Concept, but it’s almost exactly what you’ll get when the M4 goes on sale in 2014. As this is a ‘Concept’ BMW don’t feel the need to fill in all the details, but there’s some stuff we can see and some stuff we pretty much know. The stuff we can see includes the same CFRP roof the old M3 Coupe got (in this case titivated with BMW M colours) and CFRP for the splitter and diffuser.