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Elio three-wheel prototype revealed

Elio Motors unveiled a prototype of its two-passenger, three-wheeled vehicle Wednesday, confirming the all-new vehicle will have a $6,800 base price when it goes on sale in June 2014. Paul Elio, company founder and CEO, said the vehicle is targeted at first-time or cash-strapped buyers, as well as for families who already have a family car and are seeking something inexpensive for daily commuting. Its sub $7,000-base price makes it almost half the price of the cheapest car in the U.S.

Jaguar F-Type gets custom luggage from Moynat

Moynat’s custom ‘Trunk’ for the Jaguar F-Type Roadster Luxury car makers manage to extract big sums of money from owners who want custom accessories for their vars, and Jaguar is no different. But this particular piece of custom luggage for the Jaguar F-Type has been made as a one-off by French luxury luggage makers Moynat to celebrate opening their first store outside London. The F-Type ‘Trunk’ (and it will only fit the F-Type Roadster) was created in collaboration with Jaguar and is inspired by Moynat’s famous ‘Limousine’ trunk.

Chief engineer of Ford Focus quits to lead German yacht builder

Jens Ludmann, chief program engineer for Ford Motor Co.'s new Focus, is quitting the automaker to head a German-based maker of luxury yachts. Ludmann led a team at Ford's European base in Merkenich, near Cologne, Germany, that developed the Focus, the first car from CEO Alan Mulally's global One Ford strategy and flagship of the company's new range of global C-segment products. The German native, who joined Ford in 2000, will become CEO of Bavaria Yachtbau GmbH, effective Aug.