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Councils make £594m from parking

RECORD SURPLUSES from parking revenues have been achieved by councils, according to the RAC Foundation. In 2012/13 councils in England generated a combined "profit" of £594 million from their on and off-street parking operations, the foundation said. This was a 5% increase on the figure of £565 million for 2011/12, and just 52 of the 353 parking authorities in England reported a deficit in 2012/13.

BMW 4-Series Coupe concept [w/Gallery]

The BMW 4 Series Coupe concept will make its debut at next month's NAIAS in Detroit, when it will become the first model to wear the new 4er badge as it distances itself from the 3 Series sedan. While billed as a concept it is believed to be virtually production-ready. It offers little in the way of surprises in the wake of the F10 3 Series and larger 6 Series with traditional short front and long rear overhang proportions.

Koenigsegg One:1 – First official details

We have the first official details on the new Koenigsegg One:1, the most extreme Koenigsegg produced to date, a series of 5 cars for China. The Interwebs have been full of speculation about a new Koenigsegg in the last few days – the Koenigsegg One:1 – which has surfaced after a brochure scan for the One:1 was leaked online (above). The general consensus has been that the One:1 is a new customisation programme for Koenigsegg, allowing buyers to customise their cars in an even more extreme way.