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Audi TTS Competition celebrates 500k TTs sold

The Audi TTS Competition (pictured) celebrates 500k TTs built It started off as something of a hairdressers car, but over the course of its 15 year history – and two iterations – the Audi TT has grown to be a credible sport car and a decent seller for Audi. That’s meant a total of 500,000 TTs have been solid since the TT first hit showrooms back in 1998, so Audi are celebrating with a new limited edition model – the Audi TTS Competition. The TTS Competition will be limited to just 500 units and will come in a choice of either Imola Yellow and Nimbus Grey, as a coupe or a roadster.

Gordon Murray and Toray Industries build carbon-fiber electric roadster

U.K. design and engineering firm Gordon Murray Design Ltd. and Japanese carbon-fiber specialist Toray Industries have built a lightweight electric-powered two-seater called the Teewave AR.1.

Clunkers records $2.88 billion in rebates

Dealers submitted a total of 690,114 cash-for-clunkers deals for $2.88 billion in rebates by last night's 8 p.m. deadline, coming in under the $3 billion budget for the popular program, the U.S. Transportation Department said today.