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Mitsubishi i-MiEV UK price and specs revealed

The Mitsubishi i-MiEV goes on sale in the UK in January 2011 As part of Mitsubishi’s wish to be thought of as the maker of eco-cars and the saviour of fluffy-bunnies and polar bear cubs, they’ve been pushing forward with their urban milk-float – the Mitsubishi i-MiEV – for all they’re worth. They launched the i-MiEV last year in Japan and have been softening up the public with bits of info this year such as the mad assertion that four policemen and all their kit would fit in an i-MiEV. So we all know the little electric Mitsubishi is coming, and in Japan – with a thumping big Government subsidy – it costs £20,000.

Caterham sells F1 team

Caterham The Caterham Formula 1 team has been sold to a consortium of Swiss and Middle-Eastern investors following a poor season so far in 2014. Rumours that Caterham would cut its losses have been rife, since team founder Tony Fernandes threatened to quit if things didn't improve this year. The team is currently bottom in the championship and Fernandes hinted of an exit last week, when he tweeted “F1 hasn't worked, but love Caterham Cars.” Graham Macdonald, Caterham Group CEO: “Firstly I want to thank everyone who was involved in the F1 team for all their hard work and dedication since the team’s first days in 2009.

Porsche buys Nardo for high-speed tests

Porsche has announced it is to take ownership of the famous Nardo Proving Ground in southern Italy. The company's engineering consultancy wing, the Porsche Engineering Group, will assume ownership as of May 2012. Nardo is currently owned by Italian firm Prototipo SpA.  No fee has been disclosed by either party.