Honda Element Steering Wheel Keychain on 2040-parts.com

One of one: unique 1,000hp Lotec Mercedes supercar for sale

Think the 1,000hp Bugatti Veyron was groundbreaking? What if we told you there was a Mercedes-Benz supercar with the same power output back in 1995 – a decade earlier than the Bugatti – and one that also claimed a higher top speed? Meet the Lotec C1000.

Chevrolet expanding into South Korea

Chevrolet, the most famous and best-selling General Motors brand, will expand into South Korea in 2011, the automaker said on Wednesday. Enthusiasts in South Korea are in for a treat: At the Busan International Motor Show where the announcement was made, Chevy showed a Camaro, which will be one of the products offered. Last year, Chevy accounted for 44 percent of GM's global sales and saw a sales increase of 21 percent over the previous year.

Lack of history loses 20% of a car’s value

A CAR being sold without a full service history is worth one-fifth less on average than a car with a fully stamped service book. This amounts to an average of £1464 for the typical used car sold in the UK with a price of £7706. A study by Kwik Fit found buyers expect a 19% discount for cars with incomplete or no service history, which is costing the used car industry £10 billion per year in lost revenue.