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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.

Porsche celebrates 60 years in the U.S.

The Porsche Museum in Stuttgart, Germany, has prepared a special exhibit celebrating 60 years of Porsches in the United States. The exhibit will include a prototype Porsche 356 Speedster, a 356 America Roadster and a 550 Spyder. It will open on Oct.

Subaru BRZ-STI concept

Subaru is poised to unveil the BRZ-STI concept at the at the LA auto show later this month. A concept version of the all-new rear-wheel drive compact sports car jointly developed with Toyota, the lightweight BRZ shares most of its mechanical components with the Toyota FT-86 concept, which made its first public appearance at the 2009 Tokyo motor show. A world away from Subaru's ‘Sports Car Architecture' concept that has made the rounds at the past few motor shows, the BRZ's design is remarkably similar to that of the FT-86.